Business opportunities in the leisure goods and activities industry Essay - 5

profession opportunities in the leisure goods and activities pains - Essay ExampleThis research will begin with the statement that leisure goods and services are unmatchable of the sectors with the fastest level of growth in the UK. However, Business Link further points out that spending on recreation and leisure is discretionary, varying in line with disposable income, and that the sector responds quickly to recessionary pressures. It is for this land that expenditure in the industry is highest where consumers are able to devote time and money to leisure activities and goods. Business Link also indicates that the key drivers for this sector includeinexpensive air travelthe aspirations for higher modus vivendi and increasing disposable incomesIncreasing opportunities in countries experiencing increases in disposable incomes but where the sector is still in the developmental stages, for example, Eastern Europe.This industry has the ability to increase employment, attract revenue a nd therefore drive municipal development in the UK. The paper indicates that the total expenditure increased every year over the six-year period. However, the circumstances increase varied. The total expenditure increased by 3% in 2003, 4.2% in 2004, 3.7% in 2005, 2.5% in 2006, and 4.1% in 2007. The food and drink the sector with the highest expenditure accounting for 41% of the total expenditure in 2002 and 2007. This sector was followed by family outings and holidays with 23% in 2002 and 25% in 2007. The culture sector was the sector with the utmost expenditure showing a mere 4% in 2002 and falling to 3.5% in 2007.