Global tourism venture financing deals hit $1bn in Q2
Total tourism and leisure industry venture financing deals in Q2 2020 worth $1.09bn were announced globally, according to GlobalData’s deals database.The value marked an increase of 86.6 per cent over the previous quarter and a drop of 39.9 per cent when compared with the last four-quarter average, which stood at $1.91bn. Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $666.95m. At the country level, the US topped the list in terms of deal value at $596.95m. In terms of volumes, Asia-Pacific emerged as the top region for tourism & leisure industry venture financing deals globally, followed by North America and then Europe. The top country in terms of venture financing deals activity in Q2 2020 was the US with 19 deals, followed by India with nine and China with eight. In 2020, as of the end of Q2 2020, tourism & leisure venture financing deals worth $1.67bn were announced globally, marking a decrease of 65.4 per cent year on year. The top five tourism & leisure industry venture financing deals accounted for 71.7 per cent of the overall value during Q2 2020. The combined value of the top five tourism & leisure venture financing deals stood at $779.01m, against the overall value of $1.09bn recorded for the month.