by Corinne Gangloff
February 22, 2017
Cleveland, February 22, 2017 — US consumer spending on recreation services is forecast to rise 3.4% annually to 2021, according to Recreation: United States, a report recently released by Freedonia Focus Reports. Faster gains are expected in the Live Entertainment and Spectator Sports segments of the market, bolstered by growth in disposable personal income and a shift in consumer preference toward spending on experiences rather than possessions.
In addition, recreation providers are appealing to an increasingly diverse population with new amenities and entertainment offerings. Features such as nursing suites in sports stadiums cater to a growing base of female sports fans. In the Live Entertainment segment, diverse musical acts are drawing consumers of various ages to music festivals. For example, Goldenvoice’s Desert Trip festival in October 2016 featured notable musicians and groups that are especially appealing to baby boomers, such as Bob Dylan, Neil Young, Paul McCartney, The Rolling Stones, and The Who.
These and other key insights are featured in Recreation: United States. This report forecasts US personal consumption expenditures (PCE) on recreation services in US dollars to 2020. Total spending is segmented by service in terms of:
To illustrate historical trends, total PCE and the various segments are provided in annual series from 2005 to 2015.
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