Industry Analysis & Industry Trends
The Amusement Parks and Centres Operation industry is on a roller-coaster ride propelled by bumpy economic conditions, the recent Queensland floods and heavy discounting over the past five years to attract new customers. Consumer spending is under pressure from high housing costs, while competition from substitute entertainment industries and services, such as sports and online content, is putting pressure on industry operators and reducing margins and profit.
The industry is sensitive to factors that cause changes to domestic entertainment spending and international visitor arrivals. Due to a number of significant adverse influences on household discretionary income growth, industry demand has weakened in the past few years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The four largest industry operators are estimated to account for 66.8% of industry revenue in 2013-14, which suggests a moderate level of market share concentration. Village Roadshow Limited is the dominant player, accounting for 45.1% of the market due to its ownership of Sea World, Movie World and Wet'n'Wild theme parks on Queensland's Gold Coast, and Intencity amusement centres. Ardent Leisure Group is also a major player due to its ownership of Dreamworld and WhiteWater World in Queensland. Excluding the two main companies in this industry, the majority of operators are relatively small in size, accounting for a small proportion of industry revenue... purchase to read more