Total tourism & leisure industry M&A deals in Q2 2020 worth $387.67m were announced in the US.
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 $10.73 billion.
The US held a 10.7% share of the global tourism & leisure industry M&A deal value that totalled $3.64 billion 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 $380.55 million, against the overall value of $387.67 million recorded for the month.
The top five tourism & leisure industry deals of Q2 2020 were:
- Twin River Worldwide Holdings’ $155 million asset transaction with Eldorado Resorts
- The $110 million asset transaction with by GFI Capital Resources Group
- TRT Gym Asset Holdings’ $80 million acquisition of Gold’s Gym International
- The $25 million asset transaction with Caesars Entertainment and VICI Properties by Twin River Worldwide Holdings
- Sarasa Hotels’ asset transaction with Rosemont Hotels for $10.55 million.