(Entertainment-NewsWire.com, June 04, 2018 ) Theme parks are venues that are based on a particular theme or an idea; and the accompanying novelties, rides, accommodations and other facilities in theme park are also based upon the same theme idea. For instance, in the US there are theme parks that are based on theme of Harry Potter, Star Wars, etc. The spending in theme parks consists of admission fees, food, souvenirs and other related purchases made at the parks. The amount of money people spend on merchandise and food is included in spending totals as it tends to relate closely to attendance and to the amount of time people stay at a park. Major proportion of theme park revenue is generated from ticket sales.
Theme parks can be segregated on the basis of category into international destination theme parks and regional destination theme parks. The theme parks can also be segregated on the basis of types into family theme parks, regional theme parks, property theme parks, educational theme parks, etc. Theme parks have different admission policies that includes, pay-as-you-go and pay-one-price.
Global theme park market has increased at a significant CAGR during the years 2012-2016 and projections are made that the market would rise in the next four years i.e. 2017-2021 tremendously. The theme park market is expected to increase due to growth in urban population, increase in GDP per-capita, rise in middle class population, increase in international tourism expenditure, etc. Yet, the market faces some challenges such as, foreign exchange rate fluctuation, regulatory changes, threat of terror attacks, seasonal nature of industry, etc.
Company Coverage Walt Disney Merlin Entertainment Plc. Six Flags Entertainment Corporation
The report titled "Global Amusement and Theme Park Market (2017-2021 Edition)", provides an in-depth analysis of the global theme park market by value, by attendance and by region. The report provides an analysis of theme park market of the following regions: North America, APAC, Latin America and EMEA.
Growth of the overall global theme park market has also been forecasted for the period 2017-2021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The competition in global theme park market is fragmented with several small players invading the market. However, the key players of the theme park market are Walt Disney, Merlin Entertainment Plc and Six Flags Entertainment Corporation. These key players are also profiled with their financial information and respective business strategies.