Rapid theme park growth opening up new tourism opportunities
For hoteliers and other tourism operators, their best news anytime is that a theme park is opening up in their backyards. If you judge by the growing popularity of amusement parks, there’s a lot of tourist businesses with smiles on their faces these days.
Why?
Simply because the global theme park market is expected to generate revenues of $31.8 billion by the year 2017, according to Global Industry Analysts Inc.
"Real growth will come from developing and quickly emerging countries around the world," says eHotelier.com.
In mature markets like the United States and much of Europe, the growth rate for theme parks is expected to remain relatively stagnant, the site says.
A major reason is that these countries have become saturated with entertainment options. There’s also been a slowdown in the local economies.
"China and India, with populations of more than a billion people are also two of the countries that have the fewest theme parks per capita in the world," says the site.
In the past, such parks have been economically unfeasible because of the limited amount of spendable money on tourism. But that is quickly changing.
By David Wilkening
David
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