Skip to main content
Daily travel & tourism news portal for the Asia-Pacific market since 2012

Trends

Global tourism & leisure industry cross border M&A deals total $7.52bn in Q4 2020

Author: Theodore Koumelis / Date: Wed, 03/17/2021 - 08:08
677

In terms of volumes, Europe emerged as the top region for tourism & leisure industry cross-border M&A deals globally, followed by Asia-Pacific and then North America.

Total tourism & leisure industry cross-border M&A deals worth $7.52bn were announced globally in Q4 2020, led by Caesars Entertainment’s $3.69bn acquisition of William Hill, according to GlobalData’s deals database.

The value marked an increase of 315.5% over the previous quarter and a rise of 225.5% when compared with the last four-quarter average, which stood at $2.31bn.

Comparing cross-border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $3.9bn. At the country level, the UK topped the list in terms of deal value at $3.73bn.

In terms of volumes, Europe emerged as the top region for tourism & leisure industry cross-border M&A deals globally, followed by Asia-Pacific and then North America.

The top country in terms of cross-border M&A deals activity in Q4 2020 was the UK with five deals, followed by China with four and Germany with three.

In 2020, at the end of Q4 2020, cross-border M&A deals worth $12.73bn were announced globally in the tourism & leisure industry, marking a decrease of 37.03% year on year.

Cross Border M&A deals in tourism & leisure industry in Q4 2020: Top deals

The top five cross-border M&A deals in the tourism & leisure industry accounted for 93.6% of the overall value during Q4 2020.

The combined value of the top deals stood at $7.04bn, against the overall value of $7.52bn recorded for the quarter.

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

  • Caesars Entertainment’s $3.69bn acquisition of William Hill
  • The $2.16bn acquisition of CAR by Indigo GlamourLimited
  • AccorHotels’ $850m acquisition of SBE Entertainment Group
  • The $228.28m acquisition of CAR by Indigo GlamourLimited
  • MultiChoice Group’s acquisition of BetKing for $115.36m.

ABOUT THE AUTHOR

Theodore Koumelis

Co-Founder & Managing Director

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.