Global standard attractions (Disneyland, the Eiffel Tower, and so forth.) are in excessive demand, and tourism is a desirable export category in almost each market , driving regular advances in visa entry. Also underpinning the maturation of the leisure economic system is the widespread access to detailed data and critiques, which tremendously reduces consumer risk and expands the scope of consideration units. In this Executive Insights, L.E.K. Consulting examines the health and outlook of the brand new leisure economy via six macro drivers , and explains the resulting funding themes. New business models are rising as entrepreneurs experience key developments inside the market — this is making a dynamic environment for investment, and businesses that ring a bell amongst customers and reach a degree of scale can anticipate robust support. Consumers’ leisure decisions are more and more targeted on memorable experiences and constructing a private narrative.
Variety Of Home Enterprise And Leisure Journeys In America From 2008 To 2019, With A Forecast Till 2024
Camping is a superb fit with the needs of the trendy leisure financial system consumer. Affordable, genuine and with high pure amenity, this exercise is extremely shareable and offers nice wellness potential. This shift is partially as a result of stay occasion leaders AEG and Live Nation actively acquiring and corporatizing music festivals, shifting them from risky, climate-dependent provides to sustainable commercial merchandise. The world’s largest recurring music festival, Coachella, grossed $114 million in 2017, up 21{f75171aa4b4aa4213ca37aad706318b9be7ee762c5bb183d6e909e7bf0fbeb10} yr on 12 months, and international competition patronage has … Read More
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