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 - Industry Products Chapter
The industry can be segmented by the type of product or service being offered. These include park admissions, rides, food and beverages and coin-operated machines. The industry can also be segmented by type of establishment.
Admissions to amusement or theme parks make up the largest product segment, with IBISWorld estimating that admissions will account for 41.7% of industry revenue in 2013-14. This is estimated to have declined from 42.3% in 2008-09 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 over these years. These offers have increased visitor numbers, but reduced average revenue per customer... purchase to read more