Total tourism & leisure industry deals for Q2 2020 worth $8.34bn were announced globally, according to GlobalData’s deals database.
The value marked a decrease of 59.7% over the previous quarter and a drop of 67.9% when compared with the last four-quarter average of $26.09bn.
In terms of number of deals, the sector saw a drop of 49% over the last four-quarter average with 177 deals against the average of 347 deals.
In value terms, North America led the activity with deals worth $3.3bn.
Tourism & leisure industry deals in Q2 2020: Top deals
The top five tourism & leisure deals accounted for 69.4% of the overall value during Q2 2020.
The combined value of the top five tourism & leisure deals stood at $5.79bn, against the overall value of $8.34bn recorded for the month.
The top five tourism & leisure industry deals of Q2 2020 tracked by GlobalData were:
- Evolution Gaming Group’s $2.32bn acquisition of NetEnt
- The $1.2bn private equity deal with Expedia Group by Apollo Global Management and Silver Lake Partners
- Silver Lake Management and TPG Sixth Street Partners’ $1bn private equity deal with Airbnb
- The $876.42m private equity deal with Sun International by Nueva Inversiones Pacifico Sur
- Broadscale Group, Ervington Investments- Cyprus, Exor International, 83North Venture Capital, Hearst Ventures, Macquarie Capital (Europe), Mori Trust, Pitango Growth, Planven Investments, RiverPark Ventures and Shell Ventures’ venture financing of Via Transportation for $400m.