Leisure spend in the UK totalled around £223bn in 2015 and is set to grow further. It has more than quadrupled over the past 30 years and it is estimated around £50bn has been spent on the sector in the past decade.
Knight Frank head of retail research Stephen Springham said: “If there is a question mark over the leisure sector it is the durability of this spend – the leisure market is perceived to be more fickle than other categories, particularly those over which the consumer has minimal influence, such as housing and transport. Even retail is regarded to be far less volatile.”
Recreational and sporting services has been the fastest growing sub-sector. Spend has increased six-fold over the past 30 years, and the sub-sector is now worth around £9bn pa.
