Tourism & leisure industry M&A deals in Q2 2020 total $387.67m in US

27th July 2020 (Last Updated July 27th, 2020 12:47)

Tourism & leisure industry M&A deals in Q2 2020 total $387.67m in US

Total tourism & leisure industry M&A deals in Q2 2020 worth $387.67m were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 94.4% over the previous quarter and a drop of 96.4% when compared with the last four-quarter average of $10.73bn.

The US held a 10.7% share of the global tourism & leisure industry M&A deal value that totalled $3.64bn in Q2 2020.

In terms of deal activity, the US recorded 35 deals during Q2 2020, marking a drop of 37.5% over the previous quarter and a drop of 50% over the last four-quarter average.

The US tourism & leisure industry M&A deals in Q2 2020: Top deals

The top five tourism & leisure industry M&A deals accounted for 98.2% of the overall value during Q2 2020.

The combined value of the top five tourism & leisure M&A deals stood at $380.55m, against the overall value of $387.67m recorded for the month.

The top five tourism & leisure industry deals of Q2 2020 tracked by GlobalData were:

1) Twin River Worldwide Holdings’ $155m asset transaction with Eldorado Resorts

2) The $110m asset transaction with by GFI Capital Resources Group

3) TRT Gym Asset Holdings’ $80m acquisition of Gold’s Gym International

4) The $25m asset transaction with Caesars Entertainment and VICI Properties by Twin River Worldwide Holdings

5) Sarasa Hotels’ asset transaction with Rosemont Hotels for $10.55m.

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.