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By 2021 and 2022, with the return of in-person courses, studios experienced higher in-person attendance. The pent-up demand for in-studio practice compensated for previous losses and contributed to a resurgence in enrollment. Over the last few years, revenue has grown at a CAGR of 3.5% to $5.4 billion and will expand at 2.6% in 2024.
Industry-wide revenue has been growing at a CAGR of 1.7% over the past five years and is expected to total $4.4 billion in 2023, when revenue will jump by an estimated 4.5%. This industry includes studios that primarily offer instructional classes focused on providing knowledge and skills related to dance, including ballroom dancing, ballet ...
Apr 6, 2022 · The good news is that after the 2020 crash, the industry has been on a steady incline, growing to $3.8 billion in 2022 and going up. The number of dance studios has increased as well. In 2019, there were 65,723 dance studios in the United States. That number dropped to 62,808 in 2020, but has since rebounded to 68,393 in 2022.
Jan 28, 2021 · Here are key dance studio industry stats to keep in mind as the new year gets underway. The market size of the dance studio industry has grown by 3% per year from 2015 to 2020. As of 2020, there were approximately 54,627 dance studios operating in the U.S. According to ZipRecruiter, the average salary of a dance studio owner for nationwide job ...
Aug 13, 2021 · By Shakira Segundo. The COVID-19 pandemic delivered a critical blow to the world’s economies in 2020. The performing arts industry saw a decline in consumer spending by more than $30 billion. 1 The dance field was crippled at the onset of the pandemic in March 2020 and would remain so for the next nine months or more, due to mandated theater and studio closings, and travel and quarantine ...
The Report finds that the Largest 50 U.S. contemporary and modern dance companies operated with aggregate expenses of about $150 million in fiscal year 2019. For context, in the same year, the Largest 50 U.S. ballet companies operated with aggregate expenses of about $664 million, showing an extreme disparity in available resources. The Report ...
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Suzanne is the second-generation owner of Kathy Blake Dance Studios where she and her mom, Kathy Blake, continue to run a thriving studio, which has been in the family for over 40 years. Suzanne was born into the dance studio life and brings the perspective of an owner, educator, mom, and businesswoman to her consulting.
