Industry Analysis & Industry Trends
The Amusement Parks and Centres Operation industry is on a roller-coaster ride propelled by bumpy economic conditions, the recent Queensland floods and heavy discounting over the past five years to attract new customers. Consumer spending is under pressure from high housing costs, while competition from substitute entertainment industries and services, such as sports and online content, is 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. Due to a number of significant adverse influences on household discretionary income growth, industry demand has weakened in the past few years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
This industry is in a mature phase of its life cycle with a mixed financial performance and declines in key indicators. The industry has struggled in the five years through 2013-14 due to declining growth in response to economic weakness, the Queensland floods in 2011, the closure of amusement arcades, and heavy discounting to attract visitors. However, industry investment increased in 2012-13 and 2013-14, especially among the major theme parks. 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 0.1% in the 10 years through 2018-19, which is lower than estimated national GDP growth over the same years of 2.5%... purchase to read more