Industry Analysis & Industry Trends
Growth in the Amusement Parks and Centres Operation industry has been mixed over the past five years. This has been due to lower consumer sentiment, low real household discretionary income growth, some adverse weather conditions, and discounting by amusement parks to attract new customers and gain repeat business. Consumer spending has been under pressure from high housing costs, although this has been offset by high growth in international tourist numbers. Competition from substitute entertainment industries and services, such as sports and online content, has been putting pressure on industry operators and reducing revenue and profit.
The industry is sensitive to factors that cause changes to domestic entertainment spending and international visitor arrivals... purchase to read more
Industry Report - Industry Key Buyers Chapter
The four largest industry operators are estimated to account for 59.8% of industry revenue in 2015-16, which indicates a moderate level of market share concentration. Village Roadshow Limited is the dominant player, accounting for over 40% of industry revenue due to its ownership of Sea World, Movie World and Wet'n'Wild theme parks on Queensland's Gold Coast, and Intencity amusement centres. Ardent Leisure Group is also a major player due to its ownership of Dreamworld and WhiteWater World in Queensland. Excluding the two main companies, the majority of industry firms are small in size, operate from single locations, and account for a small proportion of industry revenue each year... purchase to read more