The tourism & leisure industry of North America witnessed a slump of 45.4%

 Thursday, November 26, 2020 

During Q3 2020, the tourism & leisure industry of North America witnessed a slump of 45.4% in overall deal activity when compared to the four-quarter average.

For the region, a total of 59 deals worth $5.51 billion were declared during Q3 2020, against the last four-quarter average of 108 deals.

Of all types of deals, M&A witnessed maximum activity in Q3 2020 with 39, representing a 66.1% share for the region.

Venture financing was in the second spot with 13 deals, followed by private equity deals with seven transactions, respectively capturing a 22.03% and 11.9% share of the deal activity for the quarter in general.

M&A was the leading category in the tourism & leisure industry of North America with $4.98 billion in terms of value of deals, while private equity and venture financing deals totaled $379.87 million and $150.22 million, respectively.

The top five tourism & leisure deals accounted for 92.4% of the overall value during Q3 2020.

The collective value of the top five tourism & leisure deals was at $5.08 billion, against the overall value of $5.51 billion recorded for the quarter.

The top five tourism & leisure industry deals of Q3 2020 were:

• Highgate Hotels’ $2.8 billion asset transaction with Colony Capital
• Global Emerging Markets’ $200 million private equity deal with Surf Air
• The $1.78 billion merger of DMY Technology Group and Rush Street Interactive by
• The $193.78 million acquisition of Travel & Transport by Corporate Travel Management
• L Catterton, Mayfield Fund, Michelle Wie, Mousse Partners, Paul George, Rudy Gay, Sapphire Sport, Shasta Ventures Management, Stephen Curry and Transformational Healthcare Venture Capital’s venture financing of Tonal Systems for $110 million.

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