Slimmer profits for amusement and recreation industry
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The amusement and recreation industry had a difficult year in 2010 with the lingering effects of the 2008–2009 recession compounded by unfavourable weather.
Operating profit margins in the golf industry fell from 3.4% in 2009 to 1.7% in 2010. For the skiing industry, operating revenues fell 3.4% to $903.3 million and its profit margin fell to 6.1% from 6.2% in 2009.
Fitness and recreation was the only industry to realize an increase in operating revenue in 2010 with 9.3% growth to $2.2 billion. However, the industry's operating expenses rose by 9.4%, and its operating profit margin fell from 4.9% in 2009 to 4.8% in 2010.
Amusement parks and arcades saw a small decrease in operating revenue to $412.3 million in 2010. Meanwhile, their operating expenses increased by 3.7% and operators saw profit margins fall to 7.7%, from 11.4% in 2009.