Total tourism & leisure industry M&A deals in Q2 2020 worth $387.67m were announced in the US, according to GlobalData’s deals database.
Over the past couple of years, we have witnessed the mergers and acquisitions of not only iconic hotel brands and resorts, but independent boutique hotels and resorts as well. What is interesting to note in these transactions is ownership. Owners and owning companies are now institutional.
In light of the consolidation currently underway in the hotel sector, a lot of firms are asking whether this M&A activity also equates to an abundance of laid off talent that they can snap up.