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 Analysis Chapter
Over the five years through 2014-15, the Amusement Parks and Centres Operation industry has grown at a low overall rate. This has been due to steady growth in domestic and international tourist numbers in the past five years, driving higher attendance levels, and offsetting some adverse weather conditions that reduced demand. Some price discounting has attracted more people, while greater local and global competition for recreation and entertainment has hindered industry revenue growth. Since 2012-13, the industry has performed strongly as discretionary income increased and hours worked per week declined. Overall, industry revenue is estimated to increase at an annualised 0.6% to $728.3 million in 2014-15, including falls in 2010-11 and 2011-12... purchase to read more