PBI has drawn on WealthInsight’s research to analyse a specific industry which plays a major part in driving high net worth wealth creation. This month, PBI looked at hotels, restaurants and leisure in the United Kingdom, the United States, Switzerland, Australia and Singapore.
The leisure industry is a crucial, yet often overlooked, sector of many economies.
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What the several billion dollar leisure industry can provide is multi-faceted and varied. It focuses on individuals with leisure time and disposable income, two things which many people have, but in wildly different amounts.
This makes it crucial to decide which level of wealth one intends to attract when creating a company in this sector.
Another important aspect is availability. The industry must constantly have their product, whether it is accommodation or food, it must be readily available for the customer. Otherwise, it ruins the entire aspect of leisure. To aid this, many HNWIs invest in not only one section. They rather have a variety of fields so they can all collaborate and make the customer experience enjoyable and, crucially, an experience they would consider having again.
Despite the financial crisis, the industry remained solid. Many have also stated that it can lead to boosts to many economies, especially the United Kingdom, after the crisis.
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By GlobalDataKey Geographies
Countries with a high amount of tourism and strong bases of disposable income are hubs for investors in the hotel, restaurant and leisure industry.
Switzerland is another country where this industry is crucial. 7.5% of the UHNW population credit their wealth to this industry and two of the top ten earners are from Switzerland. In 2010, the hotel industry alone grossed CHF 5.2 billion.
| Name | Wealth (US$bn) | Sector | City of Residence |
| Ms. Margarita Louis-Dreyfus | 6.1 | Hotels, Restaurants & Leisure | N/A |
| Dr Thomas Schmidheiny | 5.8 | Hotels, Restaurants & Leisure | Balgach |
| Mr. Sergio Mantegazza | 2.5 | Hotels, Restaurants & Leisure | Lugano |
The United Kingdom has a huge interest in the leisure industry. 5.9% of HNWIs gain their money through leisure. While many sectors suffered after the global financial crisis, hotels, restaurants and the leisure sector managed to increase their volume of HNWIS by 2%, one of the few areas to actually grow. In the UK, hotels, restaurants and leisure represent 9% of all employment within the country. It also provides over 20% of jobs for 16-25 years, more than manufacturing, construction and financial services combined.
| Name | Wealth (US$bn) | Sector | City of Residence |
| Mr. John Whittaker | 2.3 | Hotels, Restaurants & Leisure | Isle of Man |
| Mr. Michael Tabor | 1.2 | Hotels, Restaurants & Leisure | Monte Carlo |
| Mr. Albert Gubay | 0.7 | Hotels, Restaurants & Leisure | Santon |
Australia’s hotels, restaurants and leisure industry grew by 12% between 2008 and 2012. A total of 4.4% of the country’s high net worth population receives its funds from this industry, with 4.7% of UHNWIs primarily gaining their fortune through this route.
| Name | Wealth (US$bn) | Sector | City of Residence |
| Mr. James Douglas Packer | 6.5 | Hotels, Restaurants & Leisure | Sydney |
| Mr. Leonard Hastings Ainsworth | 1.5 | Hotels, Restaurants & Leisure | N/A |
| Mr. Jack Cowin | 0.6 | Hotels, Restaurants & Leisure | Sydney |
Singapore has a big presence in the hospitality industry. With two individuals in the twenty highest earners from this sector, with Phillip Chee Tat Ng breaking into the top ten, there is a lot of money to be earned. 4.1% of the ultra high net worth population of Singapore makes their wealth from this industry. Between 2008 and 2012, the number of HNWIs establishing their wealth in this sector rose an astonishing 95%.
| Name | Wealth (US$bn) | Sector | City of Residence |
| Mr. Phillip Chee Tat Ng | 6.6 | Hotels, Restaurants & Leisure | Singapore |
| Mr. Keng Liong Kwee | 4.6 | Hotels, Restaurants & Leisure | Singapore |
| Mr. Meng Wee Koh | 1.3 | Hotels, Restaurants & Leisure | Singapore |
The United States’ high net wealth population does not usually invest heavily in leisure. However, the richest individual in this industry originates from the US. The industry has also grown 43% from 2008 and created nearly $1.4 trillion in economic output in 2011. 3% of HNWIs primarily create their wealth through this industry with 3.4% of UHNWIs doing the same.
| Name | Wealth | Sector | City of Residence |
| Mr. Sheldon Gary Adelson | 24.2 | Hotels, Restaurants & Leisure | Las Vegas |
| Mr. Micky Meir Arison | 5.5 | Hotels, Restaurants & Leisure | Tel Aviv |
| Mr. Richard Marvin DeVos | 4.7 | Hotels, Restaurants & Leisure | Michigan |
