The hospitality industry - Entertainment and recreation

7 important questions on The hospitality industry - Entertainment and recreation

What is Entertainment and recreation also known as?

Commercial leisure activities.

With what business do the commercial leisure activity industry share a market with?

1. Hotel industry
2. The leisure industry

For what 2 reasons do Casinos constitute a controversial part of the entertainment industry?

1. The ethical implications of gambling are not allowed by some religions and the risk of addiction.
2. Sometimes it has connections with organised crime.
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What is the more neutral term for gambling?

Gaming.

What is the business model of casinos?

They retain a certain % of the money that is played.

What has become the modern model for amusement parks?

Creating a themed world completely apart from the outside environment.

What is the business model for amusement parks?

The business model is based on park entrance fees in combination with F&B sales on their premises, as well as souvenirs and merchandising.

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