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 Locations Chapter
The industry's geographic distribution is largely influenced by the actual location of major amusement and theme parks, particularly the large amusement parks and water parks located in south-east Queensland. The companies that own and operate Dreamworld, Movie World, Sea World and Wet'n'Wild account for a large proportion of industry revenue in the state, which is estimated to total 51.5% in 2014-15 from just 23.7% of industry establishments. Additionally, the industry is influenced by the number of tourists visiting each state or territory, which contributes to industry revenue flows.
The high share of this market in Queensland, particularly in the south-east, relates to population size, income and seasonal factors... purchase to read more