| 1. |
INTRODUCTION |
5 |
| 2. | EXECUTIVE SUMMARY |
8 |
| 3. | ECONOMIC ENVIRONMENT |
13 |
| 3.1 | GDP |
13 |
| 3.2 | INFLATION & INTEREST RATES |
14 |
| 3.3 | UNEMPLOYMENT |
15 |
| 3.4 | HOUSEHOLD CONSUMPTION |
15 |
| 3.5 | HOUSING & CONSTRUCTION |
16 |
| 3.6 | STERLING |
17 |
| 3.7 | POPULATION PROFILE |
19 |
| 3.8 | CONCLUSIONS |
20 |
| 4. | THE LEISURE SECTOR IN THE UK |
21 |
| 4.1 | MARKET OVERVIEW AND SIZE |
21 |
| 4.2 | VALUE OF TOURISM TO THE UK |
22 |
| 4.2.1 | Consumer Spending |
22 |
| 4.2.2 | Value of Tourism |
22 |
| 4.3 | MARKET TRENDS AND THREATS |
24 |
| 4.4 | THE HOTEL MARKET |
25 |
| 4.4.1 | Structure and Size |
25 |
| 4.4.2 | Key Trends and Drivers of Growth |
27 |
| 4.4.3 | Performance of the Hotel Sector in 2006 |
29 |
| 4.4.4 | Major Chains and Sectors within the Hotel Market |
32 |
| 4.5 | HEALTH CLUBS & SPAS |
38 |
| 4.5.1 | Sector Overview & Size |
38 |
| 4.5.2 | Hotel Spas |
40 |
| 4.5.3 | Leading Health Club Operators in the UK |
41 |
| 4.6 | BETTING & GAMING SECTOR |
44 |
| 4.6.1 | Sector Overview and Size |
44 |
| 4.6.2 | Casinos and Gaming Halls |
44 |
| 4.6.3 | Bingo Halls |
47 |
| 4.7 | CINEMAS AND MULTIPLEXES |
47 |
| 4.7.1 | Sector Overview & Size |
47 |
| 4.7.2 | Development of the ‘Multiplex’ Market |
48 |
| 4.7.3 | Leading Operators in the Cinema Exhibition Market |
50 |
| 4.8 | PUBS, BARS AND CLUBS |
51 |
| 4.8.1 | Sector Overview & Size |
52 |
| 4.8.2 | Key Players in the Pub Market |
53 |
| 4.8.3 | Industry Trends in the Pub Sector |
55 |
| 4.9 | RESTAURANTS AND CAFES |
55 |
| 4.9.1 | Sector Overview & Size |
55 |
| 4.9.2 | Industry Trends in the Restaurant Sector |
56 |
| 5. | LEISURE CONSTRUCTION IN THE UK |
57 |
| 5.1 | CONSTRUCTION MARKET OVERVIEW |
57 |
| 5.1.1 | Value of Output - Construction New Work |
57 |
| 5.1.2 | Construction Output by Sector in 2005 |
58 |
| 5.1.3 | Construction Output in 2006 and Beyond |
59 |
| 5.1.4 | Value of Output – RMI |
60 |
| 5.2 | LEISURE CONSTRUCTION MARKET |
61 |
| 5.2.1 | Leisure Sector Refurbishment and Fit Out in the UK |
63 |
| 5.3 | CAPITAL EXPENDITURE AND BUILDING PROGRAMMES IN THE LEISURE SECTOR |
65 |
| 5.3.1 | Overview |
65 |
| 5.3.2 | Capital Expenditure in the Hotel Sector |
66 |
| 5.3.3 | Capital Expenditure in the Health Club & Spa Sector |
72 |
| 5.3.4 | Capital Expenditure in the Gaming & Betting Sector |
75 |
| 5.3.5 | Capital Expenditure in the Cinema Sector |
80 |
| 5.3.6 | Capital Expenditure in the Pub Sector |
80 |
| 5.4 | MIXED USE DEVELOPMENT |
83 |
| 6. | CONTRACTOR CAPABILITY IN THE RETAIL SECTOR |
85 |
| 6.1 | STRUCTURE OF THE CONTRACTING INDUSTRY IN THE UK |
85 |
| 6.2 | LEADING CONSTRUCTION CONTRACTORS IN THE LEISURE MARKET |
86 |
| 6.2.1 | Overview |
86 |
| 6.2.2 | Key Contractor Profiles |
87 |
| 7. | FACTORS AFFECTING LEISURE CONSTRUCTION |
94 |
| 7.1 | OVERVIEW |
94 |
| 7.2 | PLANNING LAWS |
94 |
| 7.2.1 | PPG6/PPS6 |
95 |
| 7.3 | OTHER LEGISLATIVE REQUIREMENTS |
97 |
| 7.3.1 | Building Regulations |
97 |
| 7.3.2 | Disabled Access |
97 |
| 7.3.3 | Gaming Legislation |
98 |
| 7.3.4 | Smoking Ban |
99 |
| 7.3.5 | Alcohol Licensing |
100 |
| 7.3.6 | Proposed Bed Tax |
101 |
| 7.4 | SUSTAINABLE CONSTRUCTION IN THE LEISURE SECTOR |
101 |
| 7.5 | PRE-FABRICATION & MODERN METHODS OF CONSTRUCTION (MMC) IN THE LEISURE SECTOR |
103 |
| 8. | FUTURE PROSPECTS |
106 |
|
TABLES AND CHARTS |
| TABLE 1 | VALUE OF THE UK LEISURE SECTOR TO THE ECONOMY & CONSTRUCTION INDUSTRY 2006 |
8 |
| CHART 2 | INTEREST RATES AND INFLATION (CPI) FROM 1990-2009 |
14 |
| CHART 3 | PDI & SAVINGS RATIO AT CURRENT PRICES 1990-2009 |
16 |
| TABLE 4 | EXCHANGE RATE FLUCTUATIONS 2000-2007 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES |
18 |
| CHART 5 | AGE DISTRIBUTION OF THE RESIDENT UK POPULATION 2001 (‘000) |
19 |
| CHART 6 | UK LEISURE MARKET – REVENUE BY SECTOR (£ BILLION) 2006 |
21 |
| TABLE 7 | UK INBOUND TOURISM –VOLUME AND VALUE 2001-2011 |
23 |
| TABLE 8 | UK HOTEL SECTOR – NUMBER OF STAR RATED/GROUP OWNED HOTELS AS AT SEPTEMBER 2006 |
27 |
| CHART 9 | TURNOVER IN THE UK HOTEL SECTOR – 2000 – 2010 (£ BILLION) |
28 |
| TABLE 10 | UK HOTEL SECTOR – PERFORMANCE INDICATORS (LONDON & PROVINCES) JANUARY-JULY 2006 |
30 |
| TABLE 11 | UK BUDGET HOTELS – LEADING BRAND PORTFOLIOS BY NUMBER OF ROOMS |
33 |
| TABLE 12 | UK MID-RANGE HOTELS – LEADING BRAND PORTFOLIOS BY NUMBER OF ROOMS |
35 |
| TABLE 13 | UK LUXURY HOTELS – LEADING BRAND PORTFOLIOS BY NUMBER OF ROOMS |
37 |
| CHART 14 | HEALTH & FITNESS MARKET – NEW PRIVATE SECTOR CLUB OPENINGS 2000-2005 |
39 |
| TABLE 15 | MAJOR UK HOTEL SPA BRANDS 2006 |
41 |
| TABLE 16 | LEADING PRIVATE HEALTH & FITNESS CLUB BRANDS AND OPERATORS 2006 |
43 |
| TABLE 17 | LEADING CASINO OPERATORS 2006 |
45 |
| TABLE 18 | GROWTH OF THE UK CINEMA MARKET 2000-2006 |
48 |
| CHART 19 | UK CINEMA SCREENS BY LOCATION 2005 |
49 |
| TABLE 20 | CINEMA SCREENS BY TYPE OF BUILDING 1999 - 2005 |
50 |
| TABLE 21 | LEADING CINEMA EXHIBITION OPERATORS 2005 |
51 |
| CHART 22 | TURNOVER IN THE UK PUB SECTOR 2000 -2007 |
52 |
| TABLE 23 | LEADING PUB OPERATORS BY PROPERTY PORTFOLIO 2006 |
54 |
| TABLE 24 | TOP 10 RESTAURANT OPERATORS - 2006 |
56 |
| CHART 25 | VALUE OF CONSTRUCTION OUTPUT NEW WORK 1998-2008 (£ BILLION) |
57 |
| CHART 26 | VALUE OF CONSTRUCTION OUTPUT NEW WORK BY SECTOR - % BY VALUE 2005 |
59 |
| TABLE 27 | RMI WORK OUTPUT – 2005 (£M) |
60 |
| TABLE 28 | LEISURE SECTOR WORK – CONTRACTORS OUTPUT 2000 – 2010 (£M) |
62 |
| TABLE 29 | LEISURE SECTOR RMI WORK – CONTRACTORS OUTPUT 2002 – 2010 (£M) |
64 |
| CHART 30 | CAPITAL EXPENDITURE IN THE UK LEISURE MARKET – BY SECTOR 2006 |
66 |
| TABLE 31 | CAPITAL EXPENDITURE & EXPANSION PLANS OF LEADING HOTEL CHAINS |
67 |
| TABLE 32 | HOTEL DEVELOPMENT PIPELINE – TOTAL ESTIMATED NEW BUILD HOTELS & ROOMS BY 2011 |
68 |
| TABLE 33 | UK HOTELS – CHANGE IN NEW BUILD SIZE (BY AVERAGE NO. ROOMS) 2002-2006 |
70 |
| TABLE 34 | UK HOTELS – CONSTRUCTION COSTS BY TYPE OF DEVELOPMENT - £M - (2004 PRICES) |
71 |
| TABLE 35 | CAPITAL EXPENDITURE & EXPANSION PLANS OF LEADING HEALTH CLUB OPERATORS |
74 |
| TABLE 36 | UK ‘SUPER’ CASINO - SHORT LISTED BIDS |
77 |
| TABLE 37 | CAPITAL EXPENDITURE & EXPANSION PLANS OF LEADING CASINO OPERATORS |
79 |
| TABLE 38 | CAPITAL EXPENDITURE & EXPANSION PLANS OF LEADING PUB CHAINS |
82 |
| TABLE 39 | PRINCIPAL MIXED-USE SCHEMES IN DEVELOPMENT – 2006 |
84 |
| TABLE 40 | MAIN PRIVATE CONTRACTORS - BY NUMBER OF EMPLOYEES 2005 |
86 |
| TABLE 41 |
LEADING CONTRACTORS’ SHARE OF LEISURE SECTOR CONSTRUCTION WORK IN 2005 (£M) |
87 |
