Zacks Industry Outlook Highlights Live Nation Entertainment, Cruises and Madison Square Garden Entertainment

For Immediate Release

Chicago, IL January 24, 2023 Today, Zacks Equity Research discusses Live Nation Entertainment, Inc. LYV, Royal Caribbean Cruises Ltd. RCL and Madison Square Garden Entertainment Corp. MSGE.

Industry: Leisure & Recreation Services

Link: https://www.zacks.com/commentary/2042547/3-stocks-to-buy-from-leisure-recreation-services-industry

The Zacks Leisure and Recreation Services industry is benefiting from the optimization of business processes, consistent strategic partnerships and digital initiatives. Robust demand for concerts and improving bookings for cruise operators are aiding the industry. Industry players like Live Nation Entertainment, Inc., Royal Caribbean Cruises Ltd. and Madison Square Garden Entertainment Corp. are likely to gain in their respective fields owing to the factors mentioned above. However, the industry has been bearing the brunt of high costs and the slow U.S. economy.

Industry Description

The Zacks Leisure and Recreation Services industry comprises a wide range of recreation providers, such as cruise, entertainment and media owners, golf-related leisure and entertainment venue business, theme park makers, resort operators and event organizers. Some industry players have ski and sports businesses, while some operate health and wellness centers onboard cruise ships and at destination resorts.