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NEWS
Deloitte report: consumer spending on fitness and sport on the up
POSTED 30 Apr 2018 . BY Tom Walker
Consumer spending on fitness is expected to increase by 1 per cent Credit: Shutterstock
A new report suggests that UK consumers are prioritising fitness and sport ahead of eating and drinking out.

The Leisure Consumer Q1 2018 report, by Deloitte, shows that spending on attending live sporting events, playing sport and going to the gym is expected to increase by 1 per cent during the next three months.

While a small increase, the upward trend is significant as contrasts the general consumer trend of spending less.

The report shows that spending has declined in nearly all other leisure sectors covered in the Deloitte survey – from eating and drinking out to betting and gaming.

The predictions for Q2 follow on from a Q1 which saw consumers reduce their leisure spending in seven out of 11 categories – compared to the same period in 2017.

Culture and entertainment spending fell by 4 per cent year-on-year, while drinking in pubs and bars and in-home leisure both saw spending fall by 3 per cent.

Of those who spent less on going out in Q1 2018, almost half (45 per cent) said they did so because they could not afford it.

The increase in fitness and sport spending, therefore, suggests that consumers are re-prioritising their discretionary spending. Attending live sporting events, playing sport and going to the gym are the only leisure categories that can expect to see a rise in spending over the next three months.

Simon Oaten, partner for hospitality and leisure at Deloitte, said: "Consumers are still feeling the pinch and, as a result, they are consciously re-evaluating the way they spend on leisure activities.

"This is one reason why we have seen such a decline in spending on in-home leisure. Cutting back on takeaways and entertainment purchases is easier for consumers to influence and therefore this category is more volatile to changing levels of income."

To find out more about Leisure Consumer Q1 2018 and to see a infographic on the study, click here.
RELATED STORIES
  Deloitte report: European fitness market worth €26.6bn


A 4 per cent increase in the number of people having health club memberships helped European fitness club operators record total revenues of €26.6bn (£23.3bn, US$32.7bn) during 2017.
  FEATURE: Research round-up: Growth curve


Deloitte’s Karsten Hollasch summarises key data from the latest European Health & Fitness Market Report, highlighting our continent’s leading fitness operators and countries
  Consumer spending on sport and fitness up, but leisure industry braced for slowdown


Consumer spending on gym use and sporting activity increased during the first quarter of 2017, although analysts are predicting a dip in expenditure on general leisure activities due to a “weak pound” and “slowdown” in wage growth.
  £117bn leisure sector growing ‘twice as fast’ as retail


The UK leisure market is now worth £117bn in annual revenue and is growing nearly twice as quickly as the retail sector, according to a new report from Deloitte.
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NEWS
Deloitte report: consumer spending on fitness and sport on the up
POSTED 30 Apr 2018 . BY Tom Walker
Consumer spending on fitness is expected to increase by 1 per cent Credit: Shutterstock
A new report suggests that UK consumers are prioritising fitness and sport ahead of eating and drinking out.

The Leisure Consumer Q1 2018 report, by Deloitte, shows that spending on attending live sporting events, playing sport and going to the gym is expected to increase by 1 per cent during the next three months.

While a small increase, the upward trend is significant as contrasts the general consumer trend of spending less.

The report shows that spending has declined in nearly all other leisure sectors covered in the Deloitte survey – from eating and drinking out to betting and gaming.

The predictions for Q2 follow on from a Q1 which saw consumers reduce their leisure spending in seven out of 11 categories – compared to the same period in 2017.

Culture and entertainment spending fell by 4 per cent year-on-year, while drinking in pubs and bars and in-home leisure both saw spending fall by 3 per cent.

Of those who spent less on going out in Q1 2018, almost half (45 per cent) said they did so because they could not afford it.

The increase in fitness and sport spending, therefore, suggests that consumers are re-prioritising their discretionary spending. Attending live sporting events, playing sport and going to the gym are the only leisure categories that can expect to see a rise in spending over the next three months.

Simon Oaten, partner for hospitality and leisure at Deloitte, said: "Consumers are still feeling the pinch and, as a result, they are consciously re-evaluating the way they spend on leisure activities.

"This is one reason why we have seen such a decline in spending on in-home leisure. Cutting back on takeaways and entertainment purchases is easier for consumers to influence and therefore this category is more volatile to changing levels of income."

To find out more about Leisure Consumer Q1 2018 and to see a infographic on the study, click here.
RELATED STORIES
Deloitte report: European fitness market worth €26.6bn


A 4 per cent increase in the number of people having health club memberships helped European fitness club operators record total revenues of €26.6bn (£23.3bn, US$32.7bn) during 2017.
FEATURE: Research round-up: Growth curve


Deloitte’s Karsten Hollasch summarises key data from the latest European Health & Fitness Market Report, highlighting our continent’s leading fitness operators and countries
Consumer spending on sport and fitness up, but leisure industry braced for slowdown


Consumer spending on gym use and sporting activity increased during the first quarter of 2017, although analysts are predicting a dip in expenditure on general leisure activities due to a “weak pound” and “slowdown” in wage growth.
£117bn leisure sector growing ‘twice as fast’ as retail


The UK leisure market is now worth £117bn in annual revenue and is growing nearly twice as quickly as the retail sector, according to a new report from Deloitte.
MORE NEWS
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
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Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
+ More profiles  
FEATURED SUPPLIER

Red Raion expands global presence with new Riyadh office
Red Raion, the CGI studio for media-based attractions, has announced the opening of its new office in Riyadh, Saudi Arabia. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
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PRINT SUBSCRIPTIONS
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