Industry Analysis & Industry Trends
The Amusement Parks industry is experiencing significant growth as revenue and profit margins continue to expand amid brightening economic conditions. As consumer sentiment improved markedly over the past five years, more Americans increased leisure spending, resulting in higher amusement park attendance and greater in-park spending. Industry growth is expected to continue over the next five years as a number of drivers continue to have a positive influence on the industry. The additional infusion of tourist dollars is expected to bolster revenue for regional and destination amusement parks. The industry will also benefit as global unemployment rates decline, the US economy improves and consumers continue to spend money, particularly on recreational activities... purchase to read more
Industry Report - Industry Investment Chapter
For every dollar the average Amusement Park spends on wages in 2015, it will spend an estimated $0.49 on the use and replacement of buildings and equipment. As a result, IBISWorld deems this industry to have a high level of capital intensity.
The industry has significant capital requirements, given the need to provide new rides and attractions, most of which may only last a relatively short time, depending on visitor interest. The major amusement parks invest heavily and regularly in upgrading facilities to attract new customers. The practice of building special rides or park areas related to movie releases or other popular themes has become more common as competition within the industry has intensified... purchase to read more