Vol. XXIII, No. 12, November/December 2023
- Editor's corner
- Post-pandemic nonresidential construction costs up more than one-third
- Heightened competition for leisure time and dollars
- Gen Z's ideal eats
- Changes in age groups over time
- Zoom fatigue is real
- Average STILL not good enough. What do you think about being "Extra" ordinary?
- Peach is the 2024 color of the year
- The growing at-home entertainment competition
- The LONGEST article ever written about the out-of-home entertainment industry just got LONGER
- Consumers are embracing neo-hedonism
- How many Millennials are using each social platform?
Post-pandemic nonresidential construction costs up more than one-third
This October, nonresidential construction costs were 36% higher than in February 2020, right before the start of the pandemic.
The increases to construction materials were identical at 36%.
This impacts the feasibility of new location-based entertainment projects (LBEs), as there has not been a comparable increase to the prices newly constructed LBEs can charge to offset the increased construction costs. For example, there has only been a nine percent increase over the same time span in the producer price index for food and beverages purchased at restaurants and bars and only a 14% increase for costs at amusement and theme parks.
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Vol. XXIII, No. 12, November/December 2023
- Editor's corner
- Post-pandemic nonresidential construction costs up more than one-third
- Heightened competition for leisure time and dollars
- Gen Z's ideal eats
- Changes in age groups over time
- Zoom fatigue is real
- Average STILL not good enough. What do you think about being "Extra" ordinary?
- Peach is the 2024 color of the year
- The growing at-home entertainment competition
- The LONGEST article ever written about the out-of-home entertainment industry just got LONGER
- Consumers are embracing neo-hedonism
- How many Millennials are using each social platform?
