For Immediate Release
Chicago, IL – July 5, 2023 – Today, Zacks Equity Research discusses Royal Caribbean Cruises Ltd. RCL, Manchester United plc MANU and Bluegreen Vacations Holding Corp. BVH.
Industry: Leisure & Recreation Services
The Zacks Leisure and Recreation Services industry is benefiting from the optimization of business processes, consistent strategic partnerships and digital initiatives. The robust demand for concerts, improving bookings for cruise operators and higher per capita spending at theme parks are supporting the industry. Industry players like Royal Caribbean Cruises Ltd., Manchester United plc and Bluegreen Vacations Holding Corp. are likely to gain in their respective fields owing to the factors mentioned above. However, the industry has been bearing the brunt of high costs and a slow U.S. economy.
The Zacks Leisure and Recreation Services industry comprises a wide range of recreation providers, such as cruise, entertainment and media owners, golf-related leisure and entertainment venue business, theme park makers, resort operators and event organizers. Some industry players have ski and sports businesses, while some operate health and wellness centers onboard cruise ships and at destination resorts.
Many companies are engaged in hospitality and related businesses. A few of the industry participants also provide weight management products and services. These companies primarily thrive on overall economic growth, which fuels consumer demand for products. Demand, which is highly dependent on business cycles, is driven by a healthy labor market, rising wages and a growing disposable income.
3 Trends Shaping the Leisure & Recreation Services Industry’s Future
Robust Demand Aid Cruise Operators: The cruise industry is benefiting from strong demand for cruising, accelerating booking volumes and the relaxation in COVID-related protocols. However, the closure of cruise operations in China is hurting the industry. The cruise operators‘ operations are likely to be influenced by