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The spectator sports industry, which includes professional and semi-professional sports clubs and teams, as well as horse racing, reported operating revenues of $1.6 billion in 2005.
In current dollars, this was a 30% drop from $2.3 billion in 2004. This decline was partly attributable to the 310-day National Hockey League lockout that cancelled the 2004/2005 season, as well as the departure of the Montreal Expos.
Salaries, wages and benefits for the spectator sports industries likewise plummeted from $1.0 billion in 2004 to $642 million in 2005, reducing their proportion of total operating expenses from 45% to 38%. Despite the drop in salaries expenditures, the industry's operating profit margin nevertheless fell from 0.9% to a loss of 4.6%.
Combined, revenues for the remaining industries included in the survey grew at a moderate rate. Within this group, revenues for ski hills increased 2.5% in 2005 to $838.5 million.
Overall, golf courses and country clubs realized only a minor gain in operating revenues of 0.5% to $2.2 billion in 2005. This softening in revenue growth, possibly the result of inclement weather conditions in various regions, follows the revised 8.6% gain of the year before.
Nevertheless, golf courses and country clubs maintained an operating profit margin of around 11%.
With the continuing awareness on health and fitness, fitness and recreational sports centres in Canada continued to advance, reporting operating revenues of $1.6 billion, up 4.9% from the previous year's revised figure of $1.5 billion.
Results from the 2005 Annual Survey of Arts, Entertainment and Recreation Services are now available. These data provide information on the industry's operating revenue, operating expenses, salaries and wages and operating profit margin.
Available on CANSIM: table 361-0002.
Definitions, data sources and methods: survey number 2425.
For more information, or to enquire about the concepts, methods or data quality of this release, contact Ron Browne (613-951-2586; ron.browne@statcan.gc.ca), Joan Farnworth (613-951-6303; joan.farnworth@statcan.gc.ca; fax: 613-951-6696), Service Industries Division.
