1. C H A P T E R 10
Economics of Leisure
Brent Beggs
Chapter 10

2. Learning Outcomes
Explain the role that economic status once played in determining leisure.
Demonstrate an understanding of the relationship between economics and leisure.
Describe the significant economic impact that different sectors of the leisure service industry have on society.
Know key economic terms related to leisure services, such as discretionary income, direct expenditure, indirect expenditure, and economic multiplier.

3. Economics of Leisure Who spends money on leisure?
What leisure expenses do you have?

4. Relationship of Economics and Leisure
Leisure as a status symbol
The theory of the leisure class (Veblen)
Social class
Leisure class
Paradox of leisure
Money as a barrier to leisure
Discretionary income

5. Spending Money on Leisure
Direct expenditure
Indirect expenditure
Economic multiplier
Leakage

6. Part of the money spent on this meal will be used to pay wages
Part of the money spent on this meal will be used to pay wages. In turn, the restaurant staff will spend some of that money on their own leisure.

7. Commercial Recreation: Travel and Tourism
Tourist arrivals
Tourist receipts

8. We spend lots of money to get into an amusement park and even more once we are inside.

9. Commercial Recreation: Sporting Events
Revenue generation
NFL
MLB

10. Commercial Recreation: Health Clubs
Memberships
Growth
Revenue

11. Commercial Recreation: Golf Courses
Growth
Consumer spending
Economic impact

12. Commercial Recreation: Special Events and Festivals
Various types
Number of festivals
Economic impact

13. Commercial Recreation: Food Services
Number of diners
Annual sales
Restaurants

14. Commercial Recreation: Retail Products
Equipment
Footwear
Recreational transportation
Music
Video games

15. Commercial Recreation: Amusement and Aquatic Parks
Visitors
Revenue
Disney

16. Commercial Recreation: Gambling Industry
Casino visitors
Revenue generation
Growth

17. Municipal Recreation Federal, state, and local Tax based
National parks and state parks

18. Not-for-Profit Recreation
Revenue back into agency
Health care and education
Environment
(continued)

19. Not-for-Profit Recreation (continued)
YMCA
Revenue
Donations and grants
Members
Facilities
Boys and Girls Clubs of America
Children served
Revenue generation
Employment

20. Summary People spend on leisure regardless of economics.
Leisure as a status symbol?
Economic impact of leisure is tremendous.