Airline Industry in Crisis Due to the COVID-19 Pandemic

While COVID-19 continues to endanger many different sectors of the economy, “no industry has seen a greater impact than airlines,” according to the market research firm GlobalData.

Topics: Travel & Leisure Industry Insights

The Growing Gambling Industry: Forecasts, Technologies, and Trends

According to The Business Research Company, the global gambling market is expected to reach a value of around $565.4 billion, growing at an annual rate of 5.9% through 2022.

Topics: Travel & Leisure Industry Insights

Key Trends in the Amusement Parks and Arcades Industry

The global amusement parks and arcades market will grow at a growth rate of around 9% to nearly $87.2 billion by 2022, according to a recent report by The Business Research Company.

Topics: Travel & Leisure Industry Insights

Top Trends to Watch in the Global Sports Industry

The global sports market will rise at an annual growth rate of around 6% to nearly $614 billion by 2022, the report Sports Global Market Opportunities and Strategies from The Business Research Company shows.

During the forecast period, the growing popularity of esports events is expected to drive the global sports market. eSports, or competitive video gaming, is a multiplayer video game played competitively for spectators, typically by professional gamers.

Topics: Travel & Leisure Industry Insights

American Singles Fuel the $2.5 Billion Dating Market

Matchmaking and online dating has become big business, with dating services estimated to be worth $2.5 billion in 2015 and forecast to grow 5.1% per year to $3.2 billion by 2020.

The dating industry consists of much more than just dating websites, although these get the bulk of the media attention and account for 70% of the industry’s revenues. America’s 124 million singles are using mobile apps more often, but traditional services like matchmakers and dating coaches are also doing well.

Topics: Travel & Leisure Retail E-commerce & IT Outsourcing Industry Insights

The Growing Prevalence of Sports Analytics in 2018

Sports analytics change everything related to professional athletics: recruiting, play, coaching, and marketing. The ability to see change at a granular level gives more control to those managing players and teams.

Topics: Software & Enterprise Computing Travel & Leisure Industry Insights

The Growth of the Global Spa Industry

You can find spas in strip malls, high-end resorts, and fitness centers.

Some spas are simple facilities with not much more than a massage table, while others are luxurious destinations that draw travelers from around the world.

Topics: Travel & Leisure Industry Insights

Research Firms Explore the Potential Impact of Trump's Presidency

How will President Donald Trump affect the economy in the coming weeks and years? Which industries face the biggest shifts? How can you be prepared for what's next?

Several market research firms are weighing in as various issues jump to the forefront of the news cycle.

Here's a look at the latest #mrx tweets serving up data and analysis on the potential economic impact of Trump's presidency across different industries.

Topics: Travel & Leisure Retail Pharmaceuticals Demographics Social Media Industry Insights

Why Hotels and Airlines Are Fighting Their Distributors

The US travel services industry, which includes both traditional and online travel agencies, increasingly faces a new source of competition for booking services: the airlines and hotel operators themselves.

A growing number of airlines and hotels are adopting strategies — such as loyalty programs, fees on third-party bookings, or discounts on direct bookings — to encourage consumers to book services directly with them.

Topics: Travel & Leisure Industry Insights The Freedonia Group

US Interest in Golf Swinging in Equipment Suppliers’ Favor

In 2014, gymnasium and exercise equipment surpassed golf equipment as the largest sports equipment segment in the US, a position golf equipment had held since 2006. Since that time, many observers have declared the downfall of golf, citing falling participation levels and the millennial cohort’s apparent lack of interest for the game. In addition, the number of open golf courses in the US has taken a tumble in the past decade.

Topics: Travel & Leisure Retail Industry Insights The Freedonia Group