Industry Analysis & Industry Trends
The Amusement Parks and Centres Operation industry has been on a roller-coaster ride over the past five years. This has been propelled by bumpy economic conditions, some adverse weather conditions and heavy discounting to attract new customers. Consumer spending has been under pressure from high housing costs. 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. 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 Products Chapter
The industry can be segmented by the type of product or service being offered. These include park admissions and services; rides; food and beverages; and, coin-operated machines. The industry can also be segmented by type of establishment.
Admissions and services
Admissions to amusement or theme parks and other industry locations, and service fees to venues (such as mini-golf courses and go-kart tracks) make up the largest product segment, accounting for an estimated 41.3% of industry revenue in 2014-15. This segment has declined in the past five years due to the major theme parks such as Dreamworld, Movie World, Wet'n'Wild and Sea World offering a greater range and number of discounted and unlimited-entry tickets... purchase to read more