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 Analysis Chapter
Over the five years through 2013-14, the Amusement Parks and Centres Operation industry has suffered. This performance has come as a result of poor growth in Australia's domestic tourism and mixed growth in international visitor arrivals due to the high Australian dollar and greater global competition over most of these years. In the past few years, this has been reinforced by moderate domestic economic growth conditions and high housing costs, both of which have placed downward pressure on tourism growth and limited growth in household discretionary income. However, prospects are now brighter for the industry, with revenue forecast to increase by 1.8% to $627.4 million in 2013-14. This follows strong growth in 2012-13 after several declining years... purchase to read more