Tourism & leisure industry M&A deals in Q3 2020 total $6.63bn globally

10th November 2020 (Last Updated November 10th, 2020 18:07)

Tourism & leisure industry M&A deals in Q3 2020 total $6.63bn globally

Total tourism & leisure industry M&A deals in Q3 2020 worth $6.63bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 82.2% over the previous quarter and a drop of 42.9% when compared with the last four-quarter average, which stood at $11.65bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.98bn. At the country level, the US topped the list in terms of deal value at $4.97bn.

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 Q3 2020 was the US with 37 deals, followed by the UK with 17 and China with five.

In 2020, as of the end of Q3 2020, tourism & leisure M&A deals worth $23.31bn were announced globally, marking a decrease of 57.6% year on year.

Tourism & leisure industry M&A deals in Q3 2020: Top deals

The top five tourism & leisure industry M&A deals accounted for 85.3% of the overall value during Q3 2020.

The combined value of the top five tourism & leisure M&A deals stood at $5.65bn, against the overall value of $6.63bn recorded for the month.

The top five tourism & leisure industry deals of Q3 2020 tracked by GlobalData were:

1) Highgate Hotels’ $2.8bn asset transaction with Colony Capital

2) The $1.78bn merger of DMY Technology Group and Rush Street Interactive

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

4) The $193.78m acquisition of Travel & Transport by Corporate Travel Management

5) Jiangxi Jinggangshan BAIC Investment Management’s acquisition of CAR for $180.54m.

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.