What does the term 'leisure industry' refer to?

The term 'leisure industry' specifically refers to the recreation and entertainment sector. This encompasses a wide range of activities and services that provide enjoyment, relaxation, and recreation to individuals during their free time. Examples include theme parks, movie theaters, recreational sports facilities, and other entertainment venues that focus on fostering enjoyment and leisure activities.

While the hospitality and tourism industry is related and can be considered part of the broader leisure industry, it primarily addresses accommodations, travel, and tourism experiences. However, the recreation and entertainment sector more directly captures the essence of leisure activities that people engage in for pleasure. Thus, focusing on the recreation and entertainment aspect distinctly aligns with the definition of the leisure industry, setting it apart from sectors like banking and finance or health and wellness services, which do not primarily focus on leisure activities.