Free Time and Leisure
The free time and leisure industry is worth billions of dollars and employs millions of people around the world. The industry includes businesses such as amusement parks, casinos, golf courses, resorts, and more. It is driven by consumer spending on recreation and leisure activities.
The largest players in the free time and leisure industry are Walt Disney Company, Comcast Corporation, and MGM Resorts International. These companies own some of the most iconic brands and properties in the world, including Disneyland, Universal Studios, and Bellagio. It its highly competitive: businesses must continually innovate to attract and retain customers. For example, theme parks are constantly adding new rides and attractions to stay ahead of the competition. Businesses in the industry make money by charging customers for access to facilities and services. For example, theme parks charge admission fees and sell tickets for rides and attractions. Casinos make money from gambling activities such as slot machines, table games, and sports betting.
The free time and leisure industry is a major contributor to the economy. In the United States, the industry generates over $500 billion in economic activity each year. This includes direct spending by businesses and consumers as well as indirect impacts such as job creation and tax revenue.