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 - Starting a New Business Chapter
There are significant barriers to competing with the largest operators, usually due to the amount of land required. 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.
For the most part, however, the industry comprises a large number of relatively small operators whose activities are limited to servicing the local population and tourists. For these, the barriers to entry are far lower... purchase to read more