When the 2008 financial crisis sent the economy south, family entertainment expenses followed. But recent trends suggest that families are ready to start indulging in some of life’s lighter pleasures.
However, family entertainment looks a bit different this side of the Great Recession. Entertainment spending is still modest and many families are opting for the ‘staycation’—often in the form of the local, low-cost entertainment of family entertainment centers, or FECs.
FECs boast a wide range of activities in one place for one price, alluring to consumers both in terms of their proximity and affordable entry fees. Access to go-karts, miniature golf, bowling lanes, trampolines and zip lines obviously make for major liabilities and insurance placement challenges.
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