STHM 1113 Lecture Notes - Lecture 5: Barbecue

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Leisure: A different type of Business
o Why the leisure industries?
After manufacturing (9%), there is over 91% of money to be invested
Leisure is an excellent area
Over $2 trillion spent in US alone on leisure
Only 3% comes from public sector. Most is personal/private
o Why are the leisure industries different?
Leisure is a choice! No one has to do it! Many alternatives!
Gain an upper hand in the industry not through traditional principles
Product may not be in demand, but quality and attractive products can
create demand
o Manufacturing Types in the U.S.
Food
Beverage & tobacco
Textiles
Clothing
Paper
Machinery
Computer & Electronics
Transportation Equipment
Furniture
Chemicals & petrol
Plastics
o Leisure in the U.S.
Top 10 Leisure Activities
Dining Out 49.3%
2. Entertaining at Home 38.3%
3. Reading Books 37.9%
4. Barbecuing 34.7%
5. Go to the Beach 25.7%
6. Baking 25.3%
7. Cooking for Fun 22%
8. Playing Cards 20.3%
9. Visit Bars/Night Clubs 19.1%
10. Play Board Games 16.7%
Participation Rates by Sport Segments (2011 data)
Individual 38%
• Racuet – 12%
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