From Nasdaq:

The leisure industry is thriving, driven by high demand for recreational products and a surge in golf participation, especially among millennials. The golf industry alone has reached 123 million individuals in the U.S., reflecting a 30% increase from 2016 levels. Companies are investing in their facilities and digital marketing to attract more customers.

The boat industry is focused on enhancing the consumer experience, with plans to expand capacity and improve digital marketing strategies. However, new powerboat retail sales are expected to experience a minor decline in 2023, totaling approximately 258,000 units, due to retail boat demand stabilization and economic uncertainty.

Cruise companies are seeing positive trends for 2023 bookings, but geopolitical uncertainties, economic risks, inflation, and supply chain challenges remain as potential obstacles to profitability. The cruise industry is working on staycation offerings and minimizing price differences compared to land-based vacations.

Theme parks are experiencing growth potential, driven by strategic investments in new attractions, technological enhancements, and festival offerings. Companies are also exploring new business development opportunities and aligning with evolving customer preferences. This surge presents investors with new leisure companies to explore, including Academy Sports and Outdoors, Inc., Acushnet Holdings Corp., and Planet Fitness, Inc. Each company presents unique opportunities for growth in the leisure industry.



Read more: 3 Leisure Stocks Poised to Beat Earnings Estimates in Q4