Industry Analysis & Industry Trends
The Amusement Parks and Centres Operation industry has been on a roller-coaster ride propelled by bumpy economic conditions, some adverse weather conditions and heavy discounting over the past five years to attract new customers. Consumer spending has been under pressure from high housing costs, while competition from substitute entertainment industries and services, such as sports and online content, has been 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. Domestic trips by tourists have increased at a steady rate in the past five years, while international tourist numbers have also grown... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature phase of its life cycle with a mixed financial performance and declines in key indicators in the past five years. The industry has grown overall in the five years through 2013-14 due to increased tourism levels and despite the Queensland floods in 2011, the closure of amusement arcades, and heavy discounting to attract visitors. Industry investment increased in 2012-13 and 2013-14, especially among the major theme parks, with further growth expected in 2014-15. This is a key to cementing visitor interest and growth in the next five years. Further, industry value added is estimated to increase at an annualised 2.3% in the 10 years through 2019-20, which is slightly lower than estimated national GDP growth over the same years of 2.7%... purchase to read more