Industry Analysis & Industry Trends
There has been a steady increase in the number of amusement parks in China as households look for new and exciting ways to spend their leisure time and amusement parks improve their marketing. As a result, revenue for the Amusement Parks industry in China has been increasing over the past five years at an annualized rate of 10.2%. In 2016, industry revenue is expected to grow 8.7% to $3.7 billion.
The top four operators account for 14.5% of total revenue in 2016; this share is expected to increase as visitor numbers and gate receipts for the industry's largest amusement parks increase steadily. Fewer new players will enter the industry due to high and increasing barriers to entry.... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years to 2016, the Amusement Park industry experienced rapid development, growing 10.2% per year on average to an estimated $3.7 billion in 2016. China's economy developed rapidly over this period and household disposable income levels improved dramatically. As a result, the number of people paying for leisure activities increased significantly, resulting in strong visitor growth for this industry.
The increasing popularity of amusement parks was another industry driver. Since World Carnival entered the Chinese market in 2004, visiting amusement parks has become a popular way to spend time. The number of international visitors also rose significantly over the past five years, as China's popularity as a tourist destination has improved... purchase to read more