Global tourism & leisure industry deals total $4.86 billion in April 2020

Global tourism & leisure industry deals total $4.86 billion in April 2020
Global tourism & leisure industry deals total $4.86 billion in April 2020
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Written by Harry Johnson

Total tourism & leisure industry deals for April 2020 worth $4.86 billion were announced globally, according sector’s tracking database..

The value marked an increase of 67.4% over the previous month and a drop of 45.2% when compared with the last 12-month average of $8.86 billion.

In terms of number of deals, the sector saw a drop of 50% over the last 12-month average with 57 deals against the average of 114 deals.

In value terms, North America led the activity with deals worth $2.81 billion.

Tourism & leisure industry deals in April 2020: Top deals

The top five tourism & leisure deals accounted for 81.5% of the overall value during April 2020.

The combined value of the top five tourism & leisure deals stood at $3.96 billion, against the overall value of $4.86 billion recorded for the month.

The top five tourism & leisure industry deals tracked in April 2020 were:

  • Apollo Global Management and Silver Lake Partnersโ€™ $1.2 billion private equity deal with Expedia Group
  • The $1 billion private equity deal with Airbnb by Silver Lake Management and TPG Sixth Street Partners
  • Legend Capitalโ€™s $1 billion venture financing of Qingju
  • The $400 million venture financing of Via Transportation by 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
  • Midnight Acacia Holdings Pte.โ€™s private equity deal with Crown Resorts for $357.42 million.

About the author

Avatar of Harry Johnson

Harry Johnson

Harry Johnson has been the assignment editor for eTurboNews for mroe than 20 years. He lives in Honolulu, Hawaii, and is originally from Europe. He enjoys writing and covering the news.

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