Leisure

WHAT'S NEXT?: Online retailing will be one of the fastest growing channels between 2015 and 2019 as individuals do not have much time for leisure and seek convenience. Entertainment will continue to shift away from traditional broadcast media and print to reality augmented and deeply personalised content. The occupations with the largest new employment growth will be managers, professional and technical jobs, and caring and leisure occupations. Many middle-class professionals will be outsourced to machines within the next few decades leaving workers with more leisure time than they have ever experienced.

• [New] Bahamian officials, who are still trying to rebuild after Hurricane Dorian ripped through the northern Abacos and Grand Bahama islands last year, are warning of a virus-related hit to tourism, and have asked Bahamians to vacation domestically this year to limit the predicted losses.
• [New] The United States could pump $800 billion or more into the economy to minimize damage from the coronavirus outbreak if Congress passes a payroll tax holiday through year end.
• [New] An interesting point to mention is that Pay-TV in India still dominates 80% of the overall video entertainment market spend and is expected to continue to grow to reach 69% of household penetration by 2023.
• [New] Entertainment and sports events have been postponed across the world, or will take place at empty venues for a sustained period.
• [New] The retail discount for properties with a rateable value below £51,000 in England will be increased to 100% for 2020/21 and will be expanded to include hospitality and leisure businesses for 2021.
• By 2022, up to half of all of the 5G data traffic could come from cloud gaming, and one report has projected that by 2021, entertainment (including gaming) could be 6% of 5G revenue from consumers.
• Expect the highest rate rises in Japan, host of the Olympics Games in 2020, and Vietnam, where both leisure and business travel demand is strong.
• NEW BROOK LEISURE CENTRE OFFICIALLY OPENED Brook, which will focus largely on outdoor leisure provision, is the third of seven new centres to open as part of Belfast City Council's £105 million Leisure Transformation Programme - the biggest investment in leisure services in the UK.
• A stream of hardware sales will underpin growth, with some 140 million smart locks and other home security devices - the second-biggest category after video entertainment - expected to be shipped this year, growing to 352 million by 2023 globally.
• The sports analytics market size is projected to grow from USD 1.9 billion in 2019 to USD 5.2 billion by 2024, at a Compound Annual Growth Rate of 22.0% during the forecast period.
• CSPs and rights holders will be collaborating to offer bundled services combining 5G and live sports events, a market expected to grow to $2.6 billion in global revenue in 2024.
• Japan's top automaker, Toyota, will release electric models such as the Lexus UX 300 e sport utility vehicle in China and Europe this year.
• Almost 4 million people will suffer from sports - and recreation - related concussions in the United States this year alone.
• Asia-Pacific is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to adoption of advanced telecom services in developing countries such as China, India and South Korea and development in the media and entertainment industry.
• Surfing will be an Olympic level sport at the 2020 Olympic games in Japan for the first time ever.
• Audi Sport is ramping up its electrification offensive under new management, and will next year introduce the RS branding to a battery-powered model in the form of the production E-tron GT saloon.
• Surfing will be an Olympic sport for the first time in the 2020 games in Japan.
• Japan's sports industry is expected to grow from US$ 50 billion in 2015 to about US$ 136 billion by 2025, thanks in part to major events such as the Olympics 2020 and the World Masters Games in 2021.
• Though consumers have historically done more holiday shopping in stores than online, this year, it's changing: For the first time, shoppers will spend more time online (54 percent) than in stores (46 percent).
• The global sports medicine market is projected to reach a value of US$ 8.8 Billion by 2024, registering a CAGR of 6% during 2019-2024.
• Global sportswear market growth will not only be driven by a rise in the number of people participating in sport, but also by the increase in the athleisure market.
• The global market for sports and fitness clothing is growing and is projected to reach $231.7 billion by 2024.
• The first 5G-enabled PCs are expected to enter the market in early 2021 and will sport a 5G chip based in part on MediaTek's Helio M70 5G modem, which was introduced earlier this year.

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Last updated: 25 March 2020