Total tourism & leisure industry M&A deals in Q1 2020 worth $6.52bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 11.8% over the previous quarter and a drop of 33.6% when compared with the last four-quarter average of $9.82bn.
The US held a 51.9% share of the global tourism & leisure industry M&A deal value that totalled $12.56bn in Q1 2020.
In terms of deal activity, the US recorded 54 deals during Q1 2020, marking a drop of 20.6% over the previous quarter and a drop of 29% over the last four-quarter average.
The US tourism & leisure industry M&A deals in Q1 2020: Top deals
The top five tourism & leisure industry M&A deals accounted for 89.9% of the overall value during Q1 2020.
The combined value of the top five tourism & leisure M&A deals stood at $5.86bn, against the overall value of $6.52bn recorded for the month.
The top five tourism & leisure industry deals of Q1 2020 tracked by GlobalData were:
1) Blackstone Real Estate Income Trust and MGM Growth Properties’ $4.6bn asset transaction with MGM Resorts International
2) The $660m acquisition of On Location Events by ENDEAVOR OPERATING COMPANY
3) Gaming and Leisure Properties’s $337.5m asset transaction with Penn National Gaming
4) The $230m asset transaction with Eldorado Resorts by Maverick Gaming
5) The Silverstone Companies’s acquisition of Sixty Hotels for $35m.
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.