by Craig Browning » Oct 19th, '08, 18:19
We must bear in mind that "Entrainment" is a "luxury" in the world of the common person e.g. when faced with hard economic times one of the first things to get cut is ENTERTAINMENT... that includes things like the Cable TV or Satellite Tv services, Video Games, the Cinema, etc.
I live in a town known for it's amazing assortment of food and eateries... most of them "Top End" and many of them already closed down as the result of lost business in the past year. Most all of them have cut staff as well as menu options so as to reduce waste, storage, etc.
The Cruise Ship Industry was making cut backs of this sort nearly a year ago, including a new hire freeze on talent, placing a heavier load on existing talent that had a bit of seniority within said industry.
So yes, we and our kind -- the Hospitality Industry as a Whole -- are amongst the first things to get cut when facing this sort of condition. Ironically, we also become one of the first indicators that things are getting better and the consumer is starting to feel more confident about things. Not so much on the high end of the spectrum but most certainly when it comes to the Street performance and Night Club arenas.