Leisure spending is expected to grow by 30% over the next four years, according to the latest leisure bulletin from Savills. The property advisor said that despite difficult trading conditions since 2008 spending on leisure services has been more resilient then spending on other services, falling by only 0.8% per annum compared to 1.4% for total service spend in the UK. It said that many leisure operators are trying to capitalise on this predicted growth by expanding and there is clear evidence of tenant demand in the cinema, health & fitness and restaurant markets. Savills reported that the focus in the leisure investment market remains on prime stock, priced between £10-20m, and that investors still consider leisure to be an attractive investment thanks to higher yields, long leases and, in many cases, strong covenants. Despite this transactional volumes were down in 2012 by 35%, year on year. David Bell, head of leisure agency at Savills, said: “Our research shows that leisure spending will continue to out-perform other sectors growing 1.6% per annum over the next five years, and operators want to take advantage of this. Whilst they are highly focused on catchment quality, expansion is happening and we are starting to see real competition in key locations.”