The Sports Activities, Amusement, and Recreation Activities industry in Malta has shown substantial growth since 2013 but experienced significant fluctuations. The value in 2023 stood at €128.53 million, marking an 8.6% increase from 2022. Over the last five years, the Compound Annual Growth Rate (CAGR) was 4.43%. Despite a steep decline in 2020 due to the pandemic, the industry quickly rebounded, demonstrating resilience and a positive outlook.
Future trends to watch for:
- Potential growth due to increased tourism and local participation in recreational activities.
- Technological advancements in sports and entertainment sectors.
- Sustainable and eco-friendly initiatives gaining popularity.