Arts, Entertainment and Recreation in the US - Industry Research Report

Thrills and chills: Total recreation expenditure is expected to increase over the next five years, supporting sector revenue growth

The Arts, Entertainment and Recreation sector comprises nine different subsectors of the US economy, from performing arts companies to gambling industries. The enterprises and organizations within this sector operate establishments or provide services to satisfy the diverse recreational, cultural and entertainment needs of US consumers and foreign visitors. Since the experiences provided by operators in this sector are considered discretionary, sector revenue is highly dependent upon available levels of household incomes, discretionary spending and leisure time. Sector revenue took a hard hit by the outbreak of COVID-19, causing it to decline 30.1% in 2020 alone. Sector revenue overall has been increasing at a CAGR of 1.9% over the past five years, reaching an estimated $422.7 billion in 2023, including a rise of 11.6% in 2023.

The Arts, Entertainment and Recreation sector includes a range of enterprises and organizations that operate establishments or provide services to satisfy the various recreational, entertainment and cultural interests of consumers. Such subsegments include performing artists, spectator sports, museums, historical sites, amusement parks and gambling industries.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.