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Leisure sector to suffer as savings are exhausted

Despite the cost-of-living crisis, the leisure sector did better than expected last year as households used the savings they had built up during the pandemic to boost spending on recreation and restaurants. But with those savings now exhausted and real household incomes set for another fall, spending on leisure is set to drop. That will lead to a 1.8% fall in rents in 2023, making leisure the worst performing sector.

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