Exploring the Continued Growth of the UK Leisure Landscape
Keep reading on to discover the recent leisure trends, drawn from our LeisureVision
product, and some key brands to watch out of in the UK leisure market!
Background: How Retail Decline Carved a Hole for the Leisure Operators to Fill
At the start of the millennium, retail destinations with the occasional meal or cinema trip were the epicentre of a day out. Whereas now, leisure is often the driver of the trip out. Prior to the pandemic we were in the midst of a “Retail Apocalypse”, which was exasperated when retailers were forced to close their doors as Covid-19 hit. During this period online shopping became ever more vital, general retail spending pivoted towards Grocery and Homeware sectors, with some exceptions of the more obscure lockdown-centric trends that emerged – e.g. loungewear, hot tubs and Peloton bikes.
Ultimately, general high street retail suffered. This was exemplified by the loss of the Acadia Group brands in the first quarter of 2021 when they went into administration. This combined with further losses since the pandemic, such as with the decline of department stores, including the likes of Debenhams, have left large, ‘leisure size’ floorspace holes in our high streets.
2 Years On: The Continued Growth in Leisure
Since we launched our LeisureVision data product, Leisure has sustained growth. Between the latest release of LeisureVision in H1 2023 and the prior release in H2 2022, there has been an overall 2% increase in LeisureVision Points in this 6-month period.
Entertainment locations have witnessed the highest growth of 3.1%, followed by Food & Beverage with 2.1%, Sports & Fitness with 1.9% and Competitive Socialising with 0.8%.
How the UK Leisure Market has Sustained Continued Growth
Despite the ongoing cost-of-living crisis we are currently facing, eating out and leisure-based experiences with friends and family, outside of the home, have remained a priority for many. In February 2023, The Guardian reported that “UK households ordered 12% less takeaway food in January than a year before”. Perhaps, after a few years of dining-in and Zoom-based socialising, UK households are not yet willing to return to hibernating on their sofas! Are those that are feeling the squeeze of the current economic environment, prioritising spending on leisure-based consumption rather than retail goods? Furthermore, perhaps leisure-operators that were forced to take precautions during the Covid years, and avoided opening new sites during such uncertain times, are beginning to focus more on their estates.
7 Growing Leisure Brands to Watch Out For
From LeisureVision, we have identified 7 growing leisure-that are defying odds even during economic turbulence: