Tourism & leisure industry M&A deals in Q4 2020 total $1.79bn in US

20th January 2021 (Last Updated January 20th, 2021 10:47)

Tourism & leisure industry M&A deals in Q4 2020 total $1.79bn in US

Total tourism & leisure industry M&A deals in Q4 2020 worth $1.79bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 63.9% over the previous quarter and a drop of 64.3% when compared with the last four-quarter average of $5.06bn.

The US held a 14.9% share of the global tourism & leisure industry M&A deal value that totalled $12bn in Q4 2020.

In terms of deal activity, the US recorded 34 deals during Q4 2020, marking a drop of 8.1% over the previous quarter and a drop of 30.6% over the last four-quarter average.

The US tourism & leisure industry M&A deals in Q4 2020: Top deals

The top five tourism & leisure industry M&A deals accounted for 86.03% of the overall value during Q4 2020.

The combined value of the top five tourism & leisure M&A deals stood at $1.54bn, against the overall value of $1.79bn recorded for the month.

The top five tourism & leisure industry deals of Q4 2020 tracked by GlobalData were:

1) AccorHotels’ $850m acquisition of SBE Entertainment Group

2) The $250m acquisition of Caesars License Co by Eastern Band of Cherokee Indians

3) Xenia Hotels & Resorts’ $183m asset transaction for acquisition of Hotel Commonwealth and Renaissance Austin Hotel

4) The $140m asset transaction with Caesars Entertainment by Twin River Worldwide Holdings

5) Twin River Worldwide Holdings’ asset transaction with Delaware North Companies Gaming & Entertainment for $120m.

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.