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 - Starting a New Business Chapter
There are significant barriers to competing with the largest operators, usually due to the amount of land required and climatic conditions making some outdoor theme parks involving water activities unsuitable in cold regions. Major theme parks can incur significant costs involved in acquiring a substantial expanse of land for current operations and future expansion, in establishing an attraction, and in regularly updating attractions and providing new features. The industry is also highly labour-intensive, with maintenance costs and the resources required to promote and maintain the ongoing interest of patrons also being an entry barrier... purchase to read more