Optimistic outlook for a troubled sector

Article Abstract:

The UK leisure industry suffered a downturn in 1990, experiencing a 20% decline in its rating in relation to the market due to decreased leisure spending and lower profits. However, the investment house Smith New Court has changed its position on the leisure industry and now is recommending that funds adopt a neutral/slightly overweight position. The change is the result of forecasts that consumer confidence is likely to increase, thus improving discretionary spending. In addition, the strong pound sterling will make the domestic industry more of a value in the market. The main buy recommendations in the leisure industry are Ladbroke, Queens Moat Houses, and Trusthouse Forte.

Research, Economic aspects, Securities, Ladbroke Group PLC, Queen's Moat Houses PLC (United Kingdom), Smith New Court PLC, Trusthouse Forte PLC

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Selling holidays in an inflationary climate

Article Abstract:

The UK holiday sector, a 3 billion pounds sterling industry, has been experiencing a downturn that has been exacerbated by the Gulf Crisis. In summer 1990, capacity was down 19% to 11.5 million overseas package holidays. The strategic planning of the holiday industry formerly was focused on protecting and increasing market share rather than delivering quality service to customers. The competition for market share led to low profit margins, which in turn led to a reduction in the quality of holidays, offending many vacationers. Attitudes in the industry changed in 1990 and now quality is being emphasized, ending the era of under-priced but low-quality holiday packages.

Travel industry, Package tours

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Beyond the 19th hole

Article Abstract:

UK golf courses have traditionally been private, limited membership clubs; 90% of the less than 2000 golf courses are private. A new profit-oriented trend in the industry, though, involves pay-as-you-play courses that are part of a larger leisure complex, featuring additional services such as bedrooms, conference rooms, and tennis and squash courts. Overseas developers, especially the Japanese, have been driving up land prices for new and existing sites, but some UK firms are also beginning to take an interest in the potential of the golf market.

Golf courses, Recreation centers

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