Bumpy ride: Revenue has declined despite rising tourist numbers and discretionary incomes

The Amusement Parks and Centres Operation industry has performed poorly over the past five years. An accident at Dreamworld on the Gold Coast, QLD, in October 2016 resulted in the death of four people and caused visitor numbers to decline due to safety concerns. As a result, industry revenue decreased by 6.9% in 2016-17. Industry revenue declined further in 2017-18 as amusement park revenue fell, despite the Gold Coast Commonwealth Games in April 2018, which brought more tourists to the area.The industry is sensitive to changes in tourism volumes and spending on domestic entertainment. Domestic tourist visitor nights have steadily increased over the past five years, while international tourist numbers have grown strongly as the Australian dollar has weakened...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • The Dreamworld tragedy in October 2016 has contributed to an overall decline in industry revenue
  • The Dreamworld tragedy in October 2016 led industry revenue to decline in 2016-17
  • The industry is projected to recover from the Dreamworld tragedy over the next five years
  • Industry Report - Starting a New Business Chapter

    New firms to the industry face significant barriers to competing with the largest operators in the amusement parks segment. This is mainly due to the amount of land required to open a park and the climatic conditions necessary to make outdoor theme parks involving water activities viable. Major theme parks can incur significant costs by acquiring a substantial expanse of land for current operations and future expansion, establishing an attraction, and regularly updating attractions and providing new features. This shows that economies of scale can be important for industry operators, which creates an additional barrier to entry for a new firm. Fur...purchase to read more.

    Additional Insights for the Amusement Parks and Centres Operation Industry

    IBISWorld has determined the most important Key Success Factors for the Amusement Parks and Centres Operation are:

  • Proximity to key markets
  • Carrying out all necessary maintenance to keep facilities in good condition
  • Management of seasonal production
  • IBISWorld analysts also discuss how external factors such as Real household discretionary income and Consumer sentiment index in the Amusement Parks and Centres Operation industry impact industry performance..

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    What is the Amusement Parks and Centres Operation Industry?

    Amusement or theme parks offer attractions such as mechanical rides, water slides, games, shows and theme exhibits. They also lease venue space for other businesses to operate attractions or provide services (such as selling food) on a concession basis. Amusement arcades, centres or parlours are permanently located within a venue and offer many coin-operated games, such as pinball.

    Industry Products
  • Admissions and services
  • Rides
  • Food and beverages
  • Merchandise
  • Coin-operated machines
  • Other products and services
  • Industry Activities
  • Amusement park operations
  • Theme park operations
  • Water park operations
  • Indoor rock climbing operations
  • Amusement and video game arcade centre operations
  • Amusement machines or rides concession operations
  • Children's fun centre operations
  • Go-kart centre or track operations
  • Mini-golf and golf simulation operations
  • Observation deck and tree walk operations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household discretionary income
  • Consumer sentiment index
  • Domestic tourist visitor nights
  • International tourist visitor nights
  • Average weekly hours worked

  • Current Performance
  • Revenue drivers
  • Current trends
  • Employment and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Growth drivers
  • Employment and enterprises
  • Industry trends
  • Table: Amusement Parks and Centres Operation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Amusement Parks and Centres Operation Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Travel Agency and Tour Arrangement Services
  • Consumers

  • Key Selling Industries
  • Catering Services
  • Commercial Cleaning Services
  • Heavy Industry and Other Non-Building Construction
  • Travel Agency and Tour Arrangement Services

  • Products & Services
  • Admissions and services
  • Rides
  • Food and beverages
  • Merchandise
  • Coin-operated machines
  • Other products and services
  • Chart: Amusement Parks and Centres Operation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic visitors aged 19 to 39
  • Domestic visitors aged 18 and under
  • Domestic visitors aged 40 and over
  • International visitors
  • Chart: Major Market Segmentation for the Amusement Parks and Centres Operation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Amusement Parks and Centres Operation

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Amusement Parks and Centres Operation Industry

  • Industry Globalization
    Village Roadshow Limited,
  • Table: Village Roadshow Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Amusement Parks and Centres Operation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Amusement Parks and Centres Operation Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Roller-coasters are mini-railroad rides incorporating sudden drops, twists and turns.
  • Theme Rides
  • Theme rides are amusement park rides that are linked to popular action and adventure movies, such as Batman.
  • Thrill Rides
  • Thrill rides are a type of roller-coaster that moves at high speed and seeks the most extreme flips, twists and inversions to thrill the passenger.
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    Why buy this report?

    IBISWorld’s Amusement Parks and Centres Operation market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
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    This report on Amusement Parks and Centres Operation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Amusement Parks and Centres Operation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Amusement Parks and Centres Operation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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