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Who knows if this is true, but from what I've read, the next gen is not too interested in "our" traditional hobbies. Yet, it seems new golf courses are still being built, along with casinos and cruise ships. Those are the big 3 that I've heard the younger gen is not interested in (mostly).
Those of you with Millennial kids---do they enjoy these pastimes? Or are they too old-fashioned for them? For one thing, they are all pretty expensive. No one in my extended family does any of these---the younger ones.
Then there's tennis, rock-mineral collections, dinner parties, cards....what else is dying off? Or am I wrong
My grandfather was an avid stamp collector (had several safes full when he passed). They were always cool to look at, but not something I ever saw as a hobby.
I make it a point to send handwritten cards, and we send Christmas cards.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Here in Seattle there are 3 cruise ships docked right now, and the streets are full of the tourists waiting to load this afternoon for their trips to Alaska. From what I see in those people on my way home from work in the area, its' probably heavy on the over 40 people but there are younger adults and even a lot of kids. According to the Cruise Line International Association the average passenger age to Alaska is 54, which would be Gen-X. According to the Port, the number of 2022 passengers out of Seattle set a record at 640,000 and they project a new record of 700,000 in 2023.
I don't go to casinos much but pre-Covid went to Las Vegas every April for a business conference, and the majority in the casinos appeared much younger than me, in the 20-30 range.
I so expect golf to drop off, with courses closing for new housing developments as they go bankrupt. Our local high school has a golf team that practices at one of the two the county clubs in our city, but passing them one sees only a handful of players most days and they do look older. I think much of golf's appeal was business networking and that has gone online.
Kniting, chrocheting, and sewing seem to be a hobby of the past. My mom would sit and knit for hours.....scarfs, mittens, slippers, bed spreads, vests.
Yet, it seems new golf courses are still being built, along with casinos and cruise ships. Those are the big 3 that I've heard the younger gen is not interested in (mostly).
Las Vegas is absolutely a destination for 20- and 30- somethings. A resort is much more than the casino - nightclubs, dayclubs, pools, music venues, live entertainment venues, etc.
I'm amazed at the long lines outside nightclubs such as Zouk (Resorts World), Omnia (Caesars), Drai's (Cromwell), XS (Encore), Hakkasan (MGM Grand), Marquee (Cosmopolitan) and others. I recall newspaper articles about the remodel of Hakkasan - the owners invested over $100 Million - and that was about a decade ago. People post their bar tabs where they spend, without exaggeration, many thousands of dollars. I remember one father posting the tab for his daughter's 21st birthday party at a club; he spend $14,000 or something like that (he didn't intend to; he claims he was taken advantage of). Bar tabs at the "Ultra Pools" are thousands as well. I just shake my head.
I also see a lot of 20- and 30-something foodies, dining at very expensive fine dining restaurants. Figure $100 to $400 per person before alcohol. I shake my head at this.
And, of course, all of the music and other entertainment acts are inside the resorts - many Cirque du Soleil (figure a couple hundred bucks per ticket before ticket fees), Magicians (Shin Lim, Criss Angel, Mat Franco, David Copperfield, Penn & Teller, others), Comedians (Jerry Seinfeld, Carrot Top, others) musicians (Katy Perry, Maroon 5, Christina Aguilera, Lady Gaga, so many others) where patrons drop many hundreds of dollars on tickets.
And, of course, they will sometimes try their luck at Blackjack, Craps, or Texas Hold'em. I sometimes play Texas Hold'em against out-of-town 20-somethings, and usually take their money (not always).
The above are some of the reasons I own stock in MGM.
Keep in mind that some of those "hobbies" take a certain level of prosperity.
I would imagine for Baby Boomers some of the loss is just due to physical limitations (tennis for one).
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