Archives for August 2017

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Middle East Theme Park Market
The revenue generated by theme parks in the Middle East inclined from USD ~ million during 2014 to USD ~ million during 2016, registering a CAGR of ~% during the period 2014-2016. Effort made by the government to improve the tourism sector of the countries was the major reason responsible for driving the theme parks market in a positive manner. Augmented inflow of tourists visiting the Middle East added to the number of theme park visitors, thereby making them generate increased revenues during the review period. The theme parks market of the Middle East also grew due to the rising demand for entertainment services in the country.

Middle East Theme Park Market Segmentation
Investment by domestic and international entities in the theme parks market of Saudi Arabia made the country dominate the market with a share of ~% in the overall revenues of Middle East theme parks market in 2016. Efforts made by the Government to promote tourism in the country made Saudi Arabia witness an increased footfall in theme park visitors, which led the market in a positive manner. Al Hokair group has set up ~ indoor Family Entertainment Centers in Saudi Arabia typically under the brand “Sparky’s”, “Metropolis” and “Vortex”; which undergo continuous technical advancements to meet changing demands of customers. The group has a revenue share of ~% in the overall theme parks market of the Kingdom. Other countries in the Middle East collectively added USD ~ million to the revenues of the overall market in 2016.

As admission charges are mandatory to be paid by every individual for entering any theme park, Admissions to parks contributed ~% to the revenues generated by the market players through various sources in 2016. Major theme parks in the Middle East have well known restaurants and eateries present within their premises. The increased demand for restaurants due to growing footfall in theme parks has made this segment contribute ~% to the overall revenues of market in 2016.

The absence of online portals to book tickets in Saudi Arabia, Jordan and Qatar is the major reason responsible behind more people turning to on counter purchase of tickets. This segment led the revenues by way of admissions with a share of ~% in the overall theme parks market in 2016.

Future Outlook
The revenues generated by theme parks in the Middle East are projected to augment to USD ~ million by 2021, registering a CAGR of ~% during the period 2016-2021. New parks set up in the countries of the Middle East are anticipated to add to the overall revenues of the market. For instance, Flow House Waterpark in Kuwait, which was launched in 2016, is expected to attract more people to the theme parks market of the country, thereby adding to the overall market revenues in the Middle East. Strategic partnerships between investment groups and global players including Warner Bros., Six Flags and SeaWorld to set up theme parks by 2020 in the UAE is expected to add to the overall revenues of the Middle East theme parks market during the outlook period.

Key Topics Covered in the Report:
• Middle East Theme Parks Market Size By Revenue
• Investment to Set up Theme Park in the Middle East
• Market Segmentation – By Type (Amusement /Water Park), and By Revenue Streams (Admissions, Food and Beverage, Merchandise and Others)
• UAE Theme Parks Market
• Saudi Arabia Theme Parks Market
• Qatar Theme Parks Market
• Snapshot on Jordan Theme Parks Market
• Snapshot on Kuwait Theme Parks Market
• Future Outlook for the Middle East Theme Parks Market

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Qatar Theme Park Market Overview
Qatar’s economy is primarily dependent on its natural resources of petroleum and natural gas, which accounts for approximately 60% of the country’s GDP. However, Qatar has begun to diversify into allied sectors including leisure and entertainment, due to the rising tourism in the country. The revenue generated by theme parks in Qatar was estimated to incline to USD ~ million during 2016 from USD ~ million during 2014, registering a CAGR of ~% during the same period.

Highly innovative and unique theme park concepts catering to various target audiences have been one of the factors that have aided revenue growth during the review period.

Industry insight has indicated that majority of theme parks operators have developed rides that cater to children below the age of 18 years. The youth population in the country inclined from ~ thousand individuals during 2014 to ~ thousand individuals during 2016, resulting in increased theme park visitors during the same period. The growth of this market will continue in the future with increased theme parks opening to the public in 2017. In addition, government initiatives to further augment tourism will also impact revenue generated by the theme parks.

Qatar Theme Park Market Segmentation
By Type: The revenue generated by amusement parks in the country inclined to USD ~ million during 2016, achieving single digit growth during the review period. This segment has dominated the overall theme park market revenues as companies have found amusement parks to be a more lucrative investment compared to water parks. The revenues generated by water parks in the country were estimated at USD ~ thousand during 2016, contributing ~% to overall theme park market revenue during the same year.

By Revenue Streams: The revenue generated from entry ticket sales accounted for ~% of overall theme park market revenues during 2016. Admission fee to amusement and water parks in Qatar range from as low as QAR 30 (USD 8.2) to a high of QAR 150 (USD 41.2). The revenue generated from the sale of food and beverages within theme parks accounted for ~% of overall theme park market revenues during 2016. Restaurant owners have witnessed higher revenue generation during summers due to increased theme park visitors during this period.

Market Share of Major Theme Parks
Claimed to be one of the biggest family entertainment destination in Doha, Gondolania theme park accounted for ~% of overall theme park market revenues generated through admissions in the country during 2016.

City Center and Circus Land had accounted for ~% and ~% respectively, of overall theme park market revenues generated through admissions during 2016. Jungle Zone had recently undergone a complete renovation to bring in dedicated play areas for children of different age groups. Featuring unique rides and attractions, this popular family destination gained high demand in the market, providing park the respective share.

Future Outlook
The revenue generated by theme parks in Qatar is projected to incline to USD ~ million during 2021 from USD ~ million during 2016, registering a CAGR of ~% during the same period. The primary force that will drive the revenue of this market will be the establishment of creative and unique theme parks coupled with the growing tourism in the country during this period. Annual social and cultural events in Qatar including the International Food Festival and Summer Festival will aid the increasing inflow of tourists into the country. The total number of tourist coming into the country is estimated to incline to ~ million by 2021.

Amusement parks and water Parks are projected to witness a CAGR of ~% and ~% respectively, during the period 2016-2021. However, revenue generated from amusement parks will continue to dominate the theme park market during this period.

Key Topics Covered in the Report:
– Qatar Theme Park Market Size by Revenue
– Market Segmentation – By Type (Amusement and Water Park) and By Revenue Streams (Admissions, Food and Beverage, Merchandise and Others)
– Customer Profile of Qatar Theme Park Market
– SWOT Analysis for Qatar Theme Park Market
– Trends and Developments in Qatar Theme Park Market
– Market Share of Theme Parks
– Future Outlook for Qatar Theme Park Market
– Analyst Recommendation
– Macro-Economic Factors Impacting the Qatar Theme Park Market

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Tel: +44 208 816 85 48
Website: www.reportbuyer.com

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Detailed comparative analysis of major theme parks has also been provided. Various marketing analysis factors such as trends and developments and SWOT analysis are also added in the study. The future analysis of the overall Saudi Arabia Theme Parks market has also been discussed along with recommendations from analyst view.

Saudi Arabia Theme Parks Market
The limited sources of entertainment for people in Saudi Arabia raised the demand for amusement parks, thereby allowing theme park operators to cater to mass population and thus contributing to the entertainment sector of the country. The revenue generated by theme parks in Saudi Arabia inclined from USD ~ million during 2014 to USD ~ million during 2016, registering a CAGR of ~% during the period 2014-2016. Some theme parks in the country specialize in certain rides which help them earn more revenue. Technically advanced theme park resulted in higher theme park visitors, causing revenues of the theme park market to witness robust growth during 2016.

Saudi Arabia Theme Park Market Segmentation
In Saudi Arabia theme parks market, the revenues generated by amusement parks have positively driven the overall revenues of the entertainment services market during the review period. Continuous technical advancements and improved safety standards by major players to match the customer preferences have made this segment contribute majority share of ~% towards theme parks market in the country.

As admission charges are mandatory to be paid by every individual for entering any theme park, Admissions to parks contributed ~% of the revenues generated by the market players through various sources in 2016. Major theme parks in Saudi Arabia have well known restaurants and food outlets present within the premises. The increased demand for restaurants due to growing footfall in theme parks has made this segment contribute ~% to the overall revenues of market in 2016.

Walk-ins segment in admissions category had accounted for ~% of overall theme park admission revenues in Saudi Arabia during 2016.The absence of online media to book tickets for theme parks in the country has augmented the number of people purchasing tickets from the counters set-up in the parks at the time of entry.

Competitive Scenario
Al Hokair group has set up ~ indoor Family Entertainment Centers in Saudi Arabia typically under the brand “Sparky’s”, “Metropolis” and “Vortex”; which undergo continuous technical advancements to meet changing demands of customers. The group has a revenue share of ~% in the overall theme parks market of the Kingdom. Atallah Happy Land Park operates with over 100 rides and various other sources of entertainment to cater the demand of each individual, which has assisted group to add USD ~ million in the theme parks market during 2016. Al Shallal Theme Park owned by Fakieh Group and Jungle Land are other major players operating in the market.

Key Topics Covered in the Report:
Saudi Arabia Theme Park Market Size by Revenue
Market Segmentation – By Type (Amusement and Water Park) and By Revenue Streams (Admissions, Food and Beverage, Merchandise and Others)
Customer Profile of Saudi Arabia Theme Park Market
SWOT Analysis for Saudi Arabia Theme Park Market
Trends and Developments in Saudi Arabia Theme Park Market
Market Share of Investment Groups
Company Profiles of Major Investment Groups
Future Outlook for Saudi Arabia Amusement and Theme Park Market
Analyst Recommendation
Macro-Economic Factors Impacting Saudi Arabia Amusement and Theme Park Market

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About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

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For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

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The Tourism Vision for London, which is backed by more than 100 industry partners and supported by the Mayor of London, suggests that tourism numbers in London are set to rise sharply by 2025. Projections show that visitor numbers could top 40 million a year, an increase of 30 per cent on current levels, with tourism spending projected to hit £22 billion a year – up by 50 per cent.

China and India are likely to be the fastest growing markets for tourism in London, with visitor numbers from China growing by more than 100 per cent by 2025 and India rising by 90 per cent.

The surge in visitors could be boosted in the short-term by currency fluctuations. Separate research from London & Partners shows that around two thirds of international visitors say they are more likely to visit London given more favourable currency rates.

However, the Tourism Vision states that the growth in visitor numbers is not a given with increasing competition from other destinations fighting to attract new visitors and other challenges such as continued access to talent, the supply of new hotel rooms and aviation capacity that could constrain growth.

It recommends greater investment in pre-visit promotion to attract more first time visitors, boosting visitor numbers in off-peak periods and harnessing technology to allow visitors to make more of their visit and see more of the city.

London & Partners’ findings coincide with data from Google that reveals the British capital is the most searched for global destination for city and short breaks.

According to Google, London leads worldwide searches for city and short breaks ahead of Barcelona, Rome, Paris and Amsterdam, with the number of searches up by 17 per cent year-on-year. London also tops Google’s search rankings for global cities to fly to.

The Tourism Vision and this year’s Autumn Season, which shines a spotlight on the best events taking place across the capital in the months ahead, were launched by the Mayor of London Sadiq Khan.

The Mayor commented: “London is the world‘s greatest city, so it comes as no surprise that we lead the way when it comes to international tourism. Visitors to the capital bring huge benefits – the industry boosts London‘s economy, as well as supporting hundreds of thousands of jobs and showing the world that London is an open, welcoming and diverse city.”

“It‘s important that all Londoners benefit from a growth in tourism. By inspiring visitors to come to our great city during quieter periods like autumn and to find hidden gems off the beaten track, we can ensure that the projected growth in visitor numbers is sustainable and that the tourism and cultural industries work for everyone.”

“London‘s Autumn Season will show visitors what it is like to explore the city like a Londoner, whether that‘s finding the capital‘s secret treasures or visiting its world-leading exhibitions and shows. More than ever it is vital to ensure that the capital extends a warm welcome to all guests of our incredible city.“

Culture, the arts, history and heritage are the number one reasons visitors come to London. As the capital launches The Autumn Season, additional data from Google shows that the city’s West End theatres form a big slice of online searches for culture in London.

According to Google the musical Hamilton, which is a jewel in the crown of this year’s Autumn Season, is the most searched for UK musical globally this year.

The Autumn Season will give people the chance to experience the city like a Londoner with the help of special guides including: vocalist and broadcaster Jumoké Fashola, author and fashion historian Amber Buchart, London events and culture vloggers Pete and Jens, and Blue Badge Tour Guide, David Mildon.

Jumoké Fashola says: “London is an incredible place to visit – no matter the time of year, it breathes excitement. It‘s an open city that smiles and always has something to give. Culture is embedded in its very fibre – and I can‘t wait to perform at the London Jazz Festival, now in its 25^th year. Whether it‘s art, drama, theatre or dance – London‘s Autumn Season has something for everyone.“ 

The Autumn Season was formally launched at London’s Natural History Museum. Hosting the event, the museum’s Director, Sir Michael Dixon, said: ” London‘s Autumn Season is a brilliant way of showcasing the vast array of cultural attractions the city has on offer to an international audience and we are delighted to be part of the campaign. We‘re very pleased that one of London‘s biggest new stars, our blue whale skeleton Hope, has had the chance to preside over the launch event in our spectacular, newly reimagined Hintze Hall.“

visitlondon.com has created a series of films starring Hamilton creator Lin-Manuel Miranda and Londoners from across the capital as they explore the remarkable events that make London a must-see destination to visit this autumn. Watch now at visitlondon.com/autumn.

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SOURCE London & Partners

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UAE Theme Park Market Overview
UAE is considered as most preferred holiday destination for international tourists visiting the Middle-East. There is a high positive correlation between the number of international arrivals into the country and increasing theme park attendance. Theme parks do not singularly attract visitors into the country; however, they have a crucial impact on the length of stay of tourists visiting the country. Thus, companies and investment groups are increasing their capital expenditure to introduce multi-theme parks while others are expanding their area of operations in existing theme parks due to the projected rise in tourism in the future.

The revenues generated by theme parks in the UAE inclined from USD ~ million during 2014 to USD ~ million during 2016, registering a CAGR of ~% during the period 2014-2016. The country had witnessed an augmented inflow of tourist into the country from ~ million individuals during 2014 to ~ million individuals during 2016. During the same period, theme park attendance inclined from ~ million individuals (2014) to ~ million individuals (2016). Industry insight has indicated that tourist revenue generated in the county increased to USD ~ billion during 2016.

UAE Theme Park Market Segmentation
By Type: The revenues generated by amusement parks have driven the overall revenues of the theme park market during the review period. The large potential for technical advancement of mechanical rides and theme based attractions has incentivized theme park operators to continuously upgrade them to cater with changing preferences of customers. As a result, this segment had accounted for ~% of overall theme park market revenues during 2016. Water parks have accounted for only ~% of overall theme park market revenues during 2016. The lower admission fee for water parks coupled with the fact that the UAE is having lower number of water parks compared to amusement parks had adversely impacted higher revenue generation from this segment. Some of the major water parks in UAE include The Iceland Water Park, Wild Wadi Water Park, Aquaventure, YAS Waterworld Abu Dhabi Waterpark and Aquaplay.

By Revenue Streams: Admissions accounted for ~% of overall theme park market revenues during 2016 as all individuals (excluding infants) are obligated to purchase entry tickets for admission into theme parks. Food and beverages accounted for ~% of overall theme park market revenues during 2016.

Competition
Responsible for the development and maintenance of Yas Island, Miral Asset Management owns and operates Ferrari World and Yas Waterworld theme parks.

The group had accounted for ~% of overall theme park market revenues in the UAE during 2016. The above average admission fee coupled with the high brand value and popularity of Ferrari has helped the company achieve the top spot in the theme park market in the UAE. IMG’s World of Adventure is considered to be the largest indoor theme park in the world. IMG had contributed ~% to overall theme park market revenues during 2016. Conversely, Landmark group and Majid Al Futtaim Ventures had contributed ~% and ~% respectively, to overall theme park market revenues during 2016.

Future Outlook
The revenues generated by theme parks in the UAE is projected to augment to USD ~ million by 2021 from USD ~ million during 2016, registering a CAGR of ~% during the same period. Theme parks in the UAE are enhancing the smart visitor experience through the development of mobile applications and customer friendly user interfaces to ensure the country remains one of the world’s fastest growing markets. According to International Association of Amusement Parks and Attractions (IAAPA), visitor spending at the UAE theme parks is expected to incline to USD ~ million by 2020. Total theme park visits will reach ~ million by 2021. Expo 2020 along with other annual events will drive international tourism and length of stay in the UAE. Dubai’s strategic location coupled with increasing investment by private groups on theme parks will result in highest revenue contribution by this city in the future. Abu Dhabi and Ras Al-Khaimah are expected to follow Dubai with respect to theme parks revenue generation in the future.

Key Topics Covered in the Report:
– UAE Amusement and Theme Park Market Size By Revenue
– Market Segmentation – By Type (Amusement /Water Park) and By Revenue Streams (Admissions, Food and Beverage, Merchandise and Others)
– Customer Profile in the UAE Theme Park Market
– SWOT Analysis for the UAE Theme Park Market
– Trends and Developments in the UAE Theme Park Market
– Market Share of Investment Groups
– Company Profiles of Major Investment Groups
– Future Outlook for the UAE Amusement and Theme Park Market
– Analyst Recommendation
– Macro-Economic Factors Impacting the UAE Amusement and Theme Park Market

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About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

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For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

View original content:http://www.prnewswire.com/news-releases/uae-theme-park-market-outlook-to-2021—increasing-inflow-of-tourists-and-development-of-multi-themed-parks-to-foster-future-growth-300512691.html

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