Industry Analysis & Industry Trends
Sexual services have widely been viewed as resistant to economic slowdowns. Despite falling incomes, clients of prostitutes have been regarded as loyal, and will regularly abandon other discretionary spending before their spending on sexual services. In 2008-09, as unemployment began to rise, consumers panicked over their financial futures. The results of the short-term cyclical effects of the global financial crisis have since passed. Nevertheless, since the last major Australian economic downturn in the early 1990s, the industry has faced a markedly different environment... purchase to read more
Industry Report - Industry Analysis Chapter
Historically, demand for prostitutes was steady, almost irrespective of economic conditions, to the point that some had labelled the industry ‘recession proof'. In the past, this has often been the case. Much of the sex industry's business is made up of regular and frequent clients who are disinclined to cease their visits during slow economic times. However, this time, the industry has not been so fortunate.
While factors like international tourism drive the industry's performance, the fundamental shift to web-based activities is a serious concern for providers. The increasing presence of substitutes is making it easier for potential clients to look elsewhere. An appreciated Australian dollar is also hurting tourism... purchase to read more