Industry Analysis & Industry Trends
The Amusement Parks and Centres Operation industry has been on a roller-coaster ride over the past five years. This has been propelled by bumpy economic conditions, some adverse weather conditions and heavy discounting to attract new customers. Consumer spending has been under pressure from high housing costs. Competition from substitute entertainment industries and services, such as sports and online content, has been putting pressure on industry operators and reducing revenue 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 Key Buyers Chapter
The four largest industry operators are estimated to account for 59.1% of industry revenue in 2014-15, which indicates a moderate level of market share concentration. Village Roadshow Limited is the dominant player, accounting for about 40% of industry revenue 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, the majority of operators are small in size, accounting for a small proportion of industry revenue... purchase to read more