Tourism & leisure industry M&A deals in July 2020 total $759.39m globally

1st September 2020 (Last Updated September 1st, 2020 21:28)
Tourism & leisure industry M&A deals in July 2020 total $759.39m globally

Total tourism & leisure industry M&A deals in July 2020 worth $759.39m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 71.8% over the previous month and a drop of 80.3% when compared with the last 12-month average, which stood at $3.85bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $349m. At the country level, China topped the list in terms of deal value at $180.54m.

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 July 2020 was the US with 14 deals, followed by the UK with five and Australia with three.

In 2020, as of the end of July 2020, tourism & leisure M&A deals worth $17.34bn were announced globally, marking a decrease of 63.4% year on year.

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

The top five tourism & leisure industry M&A deals accounted for 70.6% of the overall value during July 2020.

The combined value of the top five tourism & leisure M&A deals stood at $535.74m, against the overall value of $759.39m recorded for the month.

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

1) Jiangxi Jinggangshan BAIC Investment Management’s $180.54m acquisition of CAR

2) The $167.99m asset transaction with Strawberry Forever by NREP

3) The Buccini/Pollin Group’s $80m asset transaction with Sunstone Hotel Investors

4) The $74.61m asset transaction with Caydon Property Group by Sino Pacific TradingLimited

5) Genius Group’s acquisition of Entrepreneur Resorts for $32.6m.

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.