The memory makers
As consumers begin to loosen their purse strings and millennials search for a more customised experience, leisure companies from theme parks and spas to cruise liners are enjoying a boost.
The UK leisure sector has doubled in size in the past five years and contributed about £200bn to the UK economy in 2015 – 66% of companies in the sector are small and medium-sized enterprises. Increasing disposable incomes and a recovering economy are expected to underpin further growth in 2016 and evolving technology continues to shape the way in which the leisure industry operates. Many UK companies have embraced these changes to capture more market share and exhibit terrific growth, despite a challenging economy in recent years.
Sector at a glance
- 76% – The estimated hotel occupancy rate in non-London regions of the UK for 2015 and 2016, a new record
- 3.8 million – The estimated number of jobs that the UK tourism sector will support by 2025
- 2.3% – The proportion of all UK employment accounted for by sport-related jobs