Industry Analysis & Industry Trends
Growth in the Amusement Parks and Centres Operation industry has been mixed over the past five years. This has been due to lower consumer sentiment, low real household discretionary income growth, some adverse weather conditions, and discounting by amusement parks to attract new customers and gain repeat business. Consumer spending has been under pressure from high housing costs, although this has been offset by high growth in international tourist numbers. 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... purchase to read more
Industry Report - Industry Analysis Chapter
The Amusement Parks and Centres Operation industry has expanded over the five years through 2015-16, due to increases in real household discretionary income, reductions in the average weekly hours worked per person, and higher domestic and international tourist numbers. This growth has come despite some adverse weather conditions in South East Queensland that reduced demand for amusement parks in 2014-15. Furthermore, the closure of some amusement arcades due to lower demand, weakness in consumer sentiment and high substitute competition have hindered industry growth. Price discounting has attracted more visitors to some sites, while greater local and global competition for recreation and entertainment has been a drag on industry revenue growth... purchase to read more