This sector includes the business of leisure, travel, gambling and gaming and sporting business. The Leisure and Tourism sector has faced many challenges in recent years due to the global credit crunch, rising costs and low consumer demand.
In 2012, international tourism generated US$1.3 trillion in export earnings. The UNWTO expects a growth in international travel of between 4 and 4.5% in 2014.
The gambling and gaming industry is seeing increased consolidation due to regulatory challenges, consumer behaviour and online competition. The early adoptors of online transactions have a stonger position in this market.
The business of sport has been growing in recent years. Sporting clubs have been increasing their revenues through advertising and media rights and increased supporters. Sport venues have become valuable sources of revenue as leisure and tourism products. The business of soccer, rugby, tennis, golf, horse racing and motorsports are all intenational growth businesses.
The travel section of this category has been challenged in recent years due to the effects of natural disasters, increasing fuel costs, terrorist activity and consumer confidence.
According to the World Travel and Tourism Council travel and tourism GDP is set to grow by 4.4% over the next 10 years. By 2023 the travel and tourism sectors contribution to the economy is forecast to account for 10% of global GDP, US$10.5trillion and 1 in 10 jobs.
Our market and industry reports provide information on leading companies in this sector, key growth areas and market trends.
United Nations World Tourism Organisation (UNWTO)
European Gaming and Amusement Federation
Study of Gambling Services in the EU
World Travel and Tourism Council