Total tourism & leisure industry M&A deals in December 2020 worth $2.18bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 76.7% over the previous month and a drop of 31.5% when compared with the last 12-month average, which stood at $3.18bn.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.52bn. At the country level, Italy topped the list in terms of deal value at $1.33bn.
In terms of volumes, North America emerged as the top region for tourism & leisure industry M&A deals globally, followed by Europe and then Asia-Pacific.
The top country in terms of M&A deals activity in December 2020 was the US with 15 deals, followed by the UK with six and China with four.
In 2020, as of the end of December 2020, tourism & leisure M&A deals worth $36.51bn were announced globally, marking a decrease of 48.3% year on year.
Tourism & leisure industry M&A deals in December 2020: Top deals
The top five tourism & leisure industry M&A deals accounted for 84.3% of the overall value during December 2020.
The combined value of the top five tourism & leisure M&A deals stood at $1.84bn, against the overall value of $2.18bn recorded for the month.
The top five tourism & leisure industry deals of December 2020 tracked by GlobalData were:
1) Gamenet Group’s $1.33bn acquisition of Lottomatica Scommesse and Lottomatica Videolot Rete
2) The $250m acquisition of Caesars License Co by Eastern Band of Cherokee Indians
3) Sonesta International Hotels’ $93.77m acquisition of Red Lion Hotels
4) The $92m acquisition of Beitar Jerusalem by Hamad bin Khalifa Al Nahyan
5) Aevis Victoria’s acquisition of Schweizerhof for $71.09m.
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.