Journey & Leisure
Consumer spending in the U.S. is changing, shifting from acquiring products to having experiences. This evolution is fueling new alternatives for companies that operate web site-based mostly entertainment venues. Sightseeing tour operators like BigBus and City Wonders are growing quickly. As tourism congestion around key attractions worsens, premium “skip the queue” services have gotten a growing part of their proposition. Three of the top 10 global groups are Chinese, and China contributes around 25% of major park income.
Traders Warned Not To Rush Into Travel And Leisure Shares
Global normal sights (Disneyland, the Eiffel Tower, and so on.) are in high demand, and tourism is a desirable export class in virtually every market , driving steady advances in visa access. Also underpinning the maturation of the leisure financial system is the widespread access to detailed data and reviews, which tremendously reduces consumer danger and expands the scope of consideration units. In this Executive Insights, L.E.K. Consulting examines the well being and outlook of the brand new leisure economy through six macro drivers , and explains the ensuing investment themes. New enterprise fashions are rising as entrepreneurs experience key trends within the market — this is creating a dynamic surroundings for funding, and businesses that ring a bell among consumers and reach a degree of scale can count on robust assist. Consumers’ leisure selections are more and more targeted on memorable experiences and constructing a personal narrative.
Given the dire outlook for the business, specialists are warning investors … Read MoreContinue reading...