Tourism & leisure industry M&A deals in August 2020 total $1.04bn globally

24th September 2020 (Last Updated September 24th, 2020 14:59)

Tourism & leisure industry M&A deals in August 2020 total $1.04bn globally

Total tourism & leisure industry M&A deals in August 2020 worth $1.04bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 53.7% over the previous month and a drop of 68.1% when compared with the last 12-month average, which stood at $3.27bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $725.79m. At the country level, Italy topped the list in terms of deal value at $700.17m.

In terms of volumes, Europe emerged as the top region for tourism & leisure industry M&A deals globally, followed by North America and then Asia-Pacific.

The top country in terms of M&A deals activity in August 2020 was the US with 11 deals, followed by the UK with six and China with three.

In 2020, as of the end of August 2020, tourism & leisure M&A deals worth $18.4bn were announced globally, marking a decrease of 64.9% year on year.

Tourism & leisure industry M&A deals in August 2020: Top deals

The top five tourism & leisure industry M&A deals accounted for 96.4% of the overall value during August 2020.

The combined value of the top five tourism & leisure M&A deals stood at $1.01bn, against the overall value of $1.04bn recorded for the month.

The top five tourism & leisure industry deals of August 2020 tracked by GlobalData were:

1) The Friedkin Group’s $700.17m acquisition of AS Roma

2) The $160m acquisition of Sun Dreams by Nueva Inversiones Pacifico Sur

3) Apple Hospitality REIT’s $64.6m asset transaction of Hyatt House and Hyatt Place in Tempe, Arizona, US

4) The $59.35m acquisition of Keen Step by Bon Ren Investment

5) Zahid Group Holding (MENA)’s acquisition of Dalata Hotel Group for $22.86m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.