Leisure property trends: Is it the end for multiplex anchors?

Closure of four multiplex cinemas in the UK during 2001 fueled market speculation that the UK cinema sector is facing meltdown. Such a scenario has potentially disastrous consequences for leisure park investments, for which multiplexes have so far been the only realistic anchor tenant. This paper ex...

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Bibliographic Details
Published inJournal of retail & leisure property Vol. 2; no. 1; p. 83
Main Author Cox, Jayne
Format Journal Article
LanguageEnglish
Published London Palgrave Macmillan 01.01.2002
Subjects
Audiences
Business forecasts
Consumer spending
Expenditures
Institutional investments
Leisure
Studies
Theaters & cinemas
Trends
United Kingdom > UK
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Summary:Closure of four multiplex cinemas in the UK during 2001 fueled market speculation that the UK cinema sector is facing meltdown. Such a scenario has potentially disastrous consequences for leisure park investments, for which multiplexes have so far been the only realistic anchor tenant. This paper examines recently published data to assess whether these fears are indeed justified. The current situation is examined within the context of long-term trends in consumer demand and the evolution of multiplex development together with published forecasts of cinema visits and screens up to 2005.
ISSN:1479-1110
1750-2098
DOI:10.1057/palgrave.rlp.5090141