Germany Leisure Review Market Report 2022
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The Germany Leisure Review Market Report 2022 identifies consumers’ attitudes towards spending on leisure activities, the impact of COVID, and the impact of inflation on the Germany leisure market. This report covers the Germany leisure market size, market forecast, market segmentation and trends in the leisure industry.
While COVID-19 restrictions negatively impacted leisure venues in Q1 2022, pandemic-induced pent-up demand for leisure activities helped to revive expenditure after restrictions were lifted over spring and summer.
However, our Germany leisure market research shows the current cost-of-living crisis forces Germans to cut on spending for leisure, further slowing market recovery with inflation reaching a record high since the 1950s. While this causes prices to rise, wages are falling behind. This means that consumers will have to start making choices about how they balance their spending and cut back on non-essential expenses.
As inflation is expected to remain above average levels, recovery of the Germany leisure market is challenged further. Our leisure review Germany predicts that volume growth is likely to slow as people cut back on the amount of activities.
According to our German leisure market report, however, the increased costs for leisure will help to drive up the value of expenditure rebounding to pre-COVID-19 levels in 2024.
According to our Germany leisure market research, value growth is expected to accelerate as the volume of leisure activities will increase once consumers feel personal financial relief. While new technologies, e.g. VR experiences, offer a major growth opportunity, leisure operators need to find a balance between increasing digitalisation and personal contact.
Our German leisure market report has identified that under-35-year-olds are most engaged in leisure activities, thus, leisure providers need to appeal to this target group with selected premium activities or offers focusing on stress reduction to somewhat buffer the decline in volume. At the same time, it is crucial to broaden the target group with offers tailored to older age groups to help stabilise sales during economic crisis. Promoting the social aspects of in-person activities also serves trends in recreation and leisure 2022.
Read on to discover more details or take a look at all of our German Leisure Time Market Research.
Products: Restaurants (value sales from traditional restaurants, self service restaurants, snack bars, coffee shops, ice cream parlours), health and fitness activities (sports participation, private health and fitness clubs, public leisure centres, swimming pools), live entertainment (music concerts and festivals, performing arts and spectator sports), gambling (land-based gambling and online gaming and betting), other leisure activities (visitor attractions, cinemas and tenpin bowling).
Brands: Deichkind, Urban Sports, Spanish tapas, Theater Trier, Schreiber, Miniatur Wunderland Hamburg, Hafenrestaurant Grömitz, Löffelröhrchen, Fitness First, Neustart Kultur, Hamburg Chamber Art Association, Museum of Natural History, and more.
This report, written by Silvia Hondt, a leading analyst in the Travel & Leisure sector, delivers in-depth commentary and analysis to highlight current trends in recreation and leisure 2022, and adds expert context to the numbers.
While the cost-of-living crisis forces consumers to cut on spending, leisure brands can prove their value by promoting social aspects of out-of-home activities and stabilise sales with age-inclusive offers.
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Mintel’s Germany consumer reports are also available in German, and can be accessed through our clients portal post-purchase.*
*Please note that translation times may vary, so German language versions may not be accessible immediately. Please contact us for more information.
Please Note: All of the figures, graphs, and tables in this sample report have been redacted.