The global leisure market offers various services and products such as entertainment, travel & accommodation, gaming, betting, eating & drinking, sports and cultural activities. The global leisure market is expected to propel the growth of travel and tourism industry. Changing lifestyle and attempt to improve general wellbeing are some of the major factors driving the market for the leisure industry.
Leisure industry significantly contributes towards economic growth by creating multiple employment opportunities. In order to offer quality service, the industry emphasizes on developing skill base and encourages entrepreneurship. A large part of the industry is made up of small and medium-sized enterprises. In addition to that, leisure industry also drives the market for several related industries such as leisure and sports equipment, leisure boats, hotels, etc.
The global leisure market can be segmented into several industrial subsectors such as cinema halls and live entertainment venues, sports clubs, health & fitness clubs, tourist attractions, gaming centres & betting shops, pubs & night clubs, casinos & bingo halls, museums, theme parks, libraries, heritage sites and zoos. Cinema halls and theme parks are the most lucrative leisure destinations among them. Some governments or municipal cooperation are also building leisure centres, which are purpose built sites or buildings offering various recreational activities such as swimming pools, licensed bar, steam bath, artificial football ground, etc.
The global leisure market is primarily driven by rising disposable income and increasing urban population globally. Factors such as changing lifestyles, wider choices of recreational activities, changing consumer preferences and increasing demand for stress management are also fuelling the market for leisure activities. However, some of the factors like complicated macroeconomic conditions, demanding tax policies, higher entertainment taxes are some of the factors restraining growth of leisure market.
ASDReport.com has an extensive collection of reports on leisure market. The reports cover various topics and products related to leisure industry like recreational boating, amusement parks, swimming gears, casinos, theatre & concerts, and much more.