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The Coronavirus’ Effect on the Sports & Recreation Industry, Business and Industry Trends Analysis

=         Professional leagues were forced to hold games with fewer fans in the stadiums, and sometimes in empty stadiums, leading to lost revenues from ticket sales and a vastly different game experience—both for players on the field and TV viewers at home.
=         College teams were also challenged by fewer people in the stadiums and lower ticket revenues.
=         Significant health implications occurred for teams of all types as they are forced to deal with risks to coaches, staff, fans and players from people who might carry the Coronavirus.
=         There was a huge boom in RV and camping equipment sales, as consumers turned to self-contained vacations rather than hotels and airlines.
=         The Summer Tokyo Olympic Games were postponed from 2020 to 2021, and moved forward only on a no-spectator basis.
=         Amateur and leisure sports were forced to adapt to health risks.  U.S. baseball’s Little League, for example, published a “Season Resumption Guide” and encouraged local teams to follow their city/state laws and health requirements related to the virus.  The 2020 Little League World Series were cancelled.
=         Recreation equipment, such as bicycle and exercise equipment, saw an immense sales boom as people spent more time at home. 

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