Growing leisure sector bucks downturn
Latest Glenigan figures show 17.5 per cent rise in contracts as recession leads to more UK holidays
The leisure sector is continuing to defy the recession by showing steady growth, according to monitoring body Glenigan.
March figures show the value of leisure contracts awarded to the sector’s top 10 firms has increased by 17.5 per cent. Contracts worth £825 million were awarded in the year ending February 2009, while £1 billion was awarded in the 12 months to March 2009.
‘Architects are benefiting from an upturn of investment in the leisure sector,’ said Nayan Gandhi, planning consultant with RPS. ‘With the recession causing people to stay in the UK for their holidays, there has been a need to overhaul the nation’s leisure facilities.
‘As opposed to housebuilders, we are not seeing any projects being shelved in the leisure industry, who see it as a chance to tap into changing tastes,’ added Gandhi. ‘Tourism-based projects are still receiving funding and are well placed to take advantage of the downturn.’