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 Investment Chapter
Capital-to-labour intensity measures the amount of labour used in the provision of services by the industry compared with capital costs. In the absence of official data, depreciation and wage costs from the industry's cost structure are used as proxies for capital and labour, respectively. In 2014-15, depreciation is estimated to account for 10.1% of industry revenue, with wages estimated to make up for 37.6%. These show that for every dollar spent on capital costs, approximately $3.73 will be required for labour costs during the year. This indicates that the industry has a medium capital intensity level.
Operators in the industry are increasingly using casual and permanent part-time employees, which are estimated to account for about two-thirds of total employees... purchase to read more