Total tourism & leisure industry M&A deals in Q3 2020 worth $4.97bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 1181.4% over the previous quarter and a drop of 5.6% when compared with the last four-quarter average of $5.26bn.
The US held a 74.9% share of the global tourism & leisure industry M&A deal value that totalled $6.63bn in Q3 2020.
In terms of deal activity, the US recorded 37 deals during Q3 2020, marking a rise of 5.7% over the previous quarter and a drop of 41.3% over the last four-quarter average.
The US tourism & leisure industry M&A deals in Q3 2020: Top deals
The top five tourism & leisure industry M&A deals accounted for 99.01% of the overall value during Q3 2020.
The combined value of the top five tourism & leisure M&A deals stood at $4.92bn, against the overall value of $4.97bn 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) Corporate Travel Management’s $193.78m acquisition of Travel & Transport
4) The $80m asset transaction with Sunstone Hotel Investors by The Buccini/Pollin Group
5) Apple Hospitality REIT’s asset transaction with for $64.6m.
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.