Industry worth $27.8bn by 2010 says report
Global growth in the theme park market is forecast to be moderate during through until 2010, according to a new report by Global Industry Analysts of California.
The study, entitled Theme Parks: A Global Strategic Business Report, predicts the market is forecast to be worth $28.7 billion by 2012.
“As the market recovers poise in the upcoming years, growing popularity of mass entertainment, and the tendency of families to spend a large portion of their discretionary free time on outdoor fun will continue to drive growth,” says a GIA spokesperson. “With governments in developing countries focusing on promoting tourism and entertainment, the upcoming years are expected to witness growth in places such as Korea, Taiwan, Hong Kong, India and China.”
Other factors expected to impact the market include a spike in aging population and persistent park modernisation and improvements.