Theme Park Tourism Market
Rising Tourist Preference for a multi-themed Experience to provide stimulus to Theme Park Tourism
Theme Park Tourism Market by Revenue Source , Booking Channel, Consumer Orientation, Tourist Type, Tour Type, Age Group & Region - Forecast 2022 - 2032
Theme Park Tourism Market Outlook (2022-2032)
[305 Pages Report] As per newly released data by Future Market Insights (FMI), the Theme Park Tourism Market is estimated at US$ 49.1 Billion in 2022 and is projected to reach US$ 166.67 Billion by 2032, at a CAGR of 13% from 2022 to 2032.
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Attribute |
Details |
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Theme Park Tourism Market Estimated Size (2022) |
US$ 49.1 Bn |
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Theme Park Tourism Market Projected Size (2032) |
US$ 166.67 Bn |
|
Theme Park Tourism Market Value-based CAGR (2022-2032) |
13% |
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2017-2021 Theme Park Tourism Market Outlook Compared to 2022-2032 Forecast
The Theme Park tourism market is expected to grow at a tremendous rate during the forecast period. This is due to multiple different factors that have arisen on both domestic and international levels. The emergence of demand for different pop culture themes has been one of the major factors.
The diversified revenue streams within the theme parks make them highly stable. Increasing demand for short excursions has also made theme parks popular and thriving. Firms have been innovating their offerings and providing consumers with new experiences. All these trends simply point towards a high growth period for the market.
Thus, the overall market outlook for theme park tourism looks positive during the forecast duration.
Popular Culture is the Catalyst in Boosting the Theme Park Tourism Market.
The rise of popular culture across the globe has been the biggest factor in the increasing growth and revenue of the theme park tourism market. Multi-movie franchises, cinematic universes, globally popular shows, and animation series have been the biggest themes in such theme parks across the world, attracting millions of visitors every year.
The merchandise segment also benefits strongly from the pop culture factor, where consumers are ready to spend a significant amount for the related toys, clothing, accessories, etc. This has made the theme park firms focus on collaborations with pop franchises and content owners to gain the maximum consumer attention.
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Talk to AnalystTechnological Advancements Are Driving the Market Forward.
The theme parks are constantly renewing themselves and implementing new attractions and activities to keep their offerings refreshed. There have been significant capital investments by the firms to keep the rides and other activities up to date; usage of newer technologies, techniques and improved safety methods have been implemented. High-tech Animatronics, Hydraulics, and Pneumatics have helped make the attractions more fun, and thrilling, while increasing the level of safety. These technological advancements are expected to help the market grow at a good pace, while also helping the firms keep themselves.
Heavy Fixed Capital Investments and Time-Consuming Installations Act as Entry Barriers.
Although the industry is expected to grow at a high rate, the factors like high upfront investment costs are working as an entry barrier for new players to enter the market. This along with the long time-consuming processes like construction, installation, and permit approvals are not working in the favor of the market; licensing of intellectual properties is also a major cost that the players have to incur. All these factors make the entry into market highly difficult, but overcoming these barriers does guarantee a substantial stream of revenue.
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Country-wise Insight
How is the theme park tourism market faring in the USA?
“The market remains highly prosperous in the USA due to a variety of positive factors “
The USA is home to the biggest theme parks across the globe. This has immensely helped in making the USA one of the major theme park tourism destinations. Theme parks like the ‘Magic Kingdom – Walt Disney Resort’ and ‘Universal Studio Theme Park’ are situated in the USA, and are popular on a global scale. These theme parks attract millions of international tourists to the USA, generating substantial revenue and help in boosting the local economies. The US market for theme park tourism is forecasted to generate ~US$ 22 Bn. Thus making the market highly lucrative and strong during the forecast.
What factor drives the Singapore Theme Park Tourism market?
“High quality of stay and a wide variety of theme parks drive the market in Singapore”
‘Universal Studio Singapore’ is one of the biggest theme parks in the world. Also known as the ‘7 themes park’, it has more than 24 attractions and 7 different themes, garnering worldwide attention and demand, this park is the most prolific feature of the Singapore theme park tourism market. Since Singapore has always been a major tourist destination it helps the theme park tourism market, to get additionally benefited from the tourism that occurs in the country. Thus making Singapore a highly preferable location among theme park tourists.
What is the major growth catalyst for China Theme Park Tourism market?
“Young consumer base boosts the market in China”
The rising young consumer base of China meant that it has a lot of potential consumers. This has meant that the theme park tourism market is extremely lucrative in China. The Universal Studio theme park in China is usually fully occupied, with bookings happening a month in advance. Most of the demand for theme park tourism in China is domestic and fuelled by the rising popularity of global content in China.
Category-wise Insights
Which is the major revenue source in the Theme Park Tourism market?
“Ticket sales are the majority revenue source in the theme park tourism market”
The theme park tourism market draws revenue in different forms, keeping it diversified and helping in increasing the revenue in different ways. The major source of revenue comes from the admission fees/tickets because that is the basic cost of the theme park tourism market. The tickets are priced at a rate that keeps the entry accessible while recovering the operating costs for the firm. This helps the parks attract maximum visitors while keeping making a profit from the other revenue sources.
Which Booking Channel is preferred by the consumers in the theme Park tourism market?
“Online booking channel remains the consumer choice in the theme park tourism market”
The increasing connectivity of the internet around the globe has been a major factor in the rise of online booking channels. With more and more people gaining internet access and the ease of usage becoming better, there has been higher adoption of online bookings. The plethora of offerings, discounts, and all-inclusive packages that are offered online also help the cause of this booking channel. Currently, the online mode of bookings leads the booking channel segmentation.
What Tour Type is famous amongst tourists in the Theme Park Tourism market?
“Packaged traveling is the most preferred tour type in the market”
With the increasing presence of online packages and the changing consumer behaviors, the need for all-inclusive tour packages is rising fast. Consumers now prefer to book their packages from a single provider and save the hassle of going through different agents. Customized curated packages are also widely offered by the firms, making them highly popular. This has led to Packaged Travellers being the major Tour Type category in the Theme Park Tourism market.
Competitive Landscape
The firms are constantly updating their services, and the theme park operators are trying to update their attractions as quickly as possible. The need to make the services hassle-free and increase the brand presence will be the key to keeping a competitive edge in the market.
For Instance:
- In 2017, Spaces, the virtual reality firm founded last year by VR vets from DreamWorks Animation, raised USD 6.5 million in funding led by China’s Songcheng Performances Development, one of the world’s biggest theme-park and performing arts companies, with participation from previous investor Comcast Ventures and other venture-capital firms.
Scope of Report
|
Attribute |
Details |
|
Forecast Period |
2022-2032 |
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Historical Data Available for |
2017-2021 |
|
Market Analysis |
US$ XX Million for Value |
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Key Regions Covered |
North America, Latin America, Europe, East Asia, South Asia, Oceania & MEA. |
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Key Countries Covered |
United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand. |
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Key Segments Covered |
Revenue Source, Booking Channel, Tourist Type, Tour Type, Consumer Orientation, Age Group, and Region |
|
Key Companies Profiled |
|
|
Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
|
Customization & Pricing |
Available upon Request |
The Theme Park Tourism Market by Category
By Revenue Source:
- Tickets
- Merchandise
- Lodging
- Food and Beverage
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type:
- Domestic
- International
By Tour Type:
- Independent Traveler
- Package Traveler
- Tour Group
By Consumer Orientation:
- Men
- Women
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
Frequently Asked Questions
The Theme Park Tourism market is currently valued at US$ 49.1 Bn in 2022.
The Theme Park Tourism market is currently forecasted to grow at a rate of 13% CAGR during the forecast period.
Driving trends in the Theme Park Tourism market are increasing outdoor enthusiasm and the rise of popular culture.
Leading players operating in the Theme Park Tourism market are The Walt Disney Company, Ardent Leisure Group Limited, Cedar Fair Entertainment Company, Changlong Group Co., Ltd., Comcast Corporation, Fanta Wild Holdings, Inc., and Ilyas & Mustafa Galadari Group.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.1.1. Who Is Travelling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism To GDP
1.1.4. Direct Contribution of Tourism To Employment
1.2. Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Total Spending (US$ Mn) and Forecast (2022-2032)
2.2. Number of Theme Park based Tourists (Mn) and Forecast (2022-2032)
2.3. Total Spending Y-o-Y Growth Projections (2022-2032)
2.4. Number of Theme Park based Tourists Y-o-Y Growth Projections
3. Global Tourism Industry Analysis
3.1. Tourism Industry Overview
3.1.1. Travel & Tourism Industry Contribution To Global GDP
3.1.1.1. Business Spending v/s Leisure Spending
3.1.1.2. Domestic v/s Foreign
3.1.1.3. Direct, Indirect, and Induced
3.1.2. Travel Sector Contribution To Global Overall Employment
3.1.3. Travel & Tourism Growth Rate
3.1.4. Foreign Visitor Exports As Percentage of Total Exports
3.1.5. Capital Investment In Travel & Tourism Industry
3.1.6. Different Components of Travel & Tourism
3.1.7. Global Tourism Industry Outlook
3.1.7.1. Cultural Tourism
3.1.7.2. Culinary Tourism
3.1.7.3. Eco/Sustainable Tourism
3.1.7.4. Sports Tourism
3.1.7.5. Spiritual Tourism
3.1.7.6. Wellness Tourism
3.1.7.7. Others
4. Global Theme Park Tourism Market Dynamics
4.1. Market Drivers & Opportunities
4.1.1. Popular Culture is the Catalyst in Boosting the Theme Park Tourism Market.
4.1.2. Technological Advancements Are Driving the Market Forward.
4.1.3. Others (during course study)
5. Market Background
5.1. Top 10 Theme Park Tourism Market Companies
5.2. Macro-Economic Factors
5.2.1. Global GDP Growth Outlook
5.2.2. Global Industry Value Added
5.2.3. Global Consumer Spending Outlook
5.2.4. Global Direct contribution of Travel & Tourism to GDP
5.2.5. Global Visitor Exports and International Tourist Arrivals
5.2.6. Capital Investment In Travel & Tourism
5.2.7. Top Tourism Spending Countries
5.3. Forecast Factors - Relevance & Impact
6. Categorizing of Global Theme Park Tourism Sector 2021
6.1. Introduction/ Key Findings
6.2. Current Market Analysis By Revenue Source (% of Demand)
6.2.1. Tickets
6.2.2. Merchandise
6.2.3. Lodging
6.2.4. Food and Beverage
6.3. Current Market Analysis By Booking Channel (% of Demand)
6.3.1. Phone Booking
6.3.2. Online Booking
6.3.3. In Person Booking
6.4. Current Market Analysis By Tourist Type (% of Demand)
6.4.1. Domestic
6.4.2. International
6.5. Current Market Analysis By Tour Type (% of Demand)
6.5.1. Independent Traveller
6.5.2. Tour Group
6.5.3. Package Traveller
6.6. Current Market Analysis By Consumer Orientation (% of Demand)
6.6.1. Men
6.6.2. Women
6.7. Current Market Analysis By Age Group (% of Demand)
6.7.1. 15-25 Years
6.7.2. 26-35 Years
6.7.3. 36-45 Years
6.7.4. 46-55 Years
6.7.5. 66-75 Years
6.8. Current Market Analysis By Region (% of Demand)
6.8.1. North America
6.8.2. Latin America
6.8.3. Europe
6.8.4. East Asia
6.8.5. South Asia
6.8.6. Oceania
6.8.7. MEA
6.9. Key Findings, By Each Category
7. Categorizing of North America Theme Park Tourism Sector 2021
7.1. Introduction/ Key Findings
7.2. Current Market Analysis By Revenue Source (% of Demand)
7.2.1. Tickets
7.2.2. Merchandise
7.2.3. Lodging
7.2.4. Food and Beverage
7.3. Current Market Analysis By Booking Channel (% of Demand)
7.3.1. Phone Booking
7.3.2. Online Booking
7.3.3. In Person Booking
7.4. Current Market Analysis By Tourist Type (% of Demand)
7.4.1. Domestic
7.4.2. International
7.5. Current Market Analysis By Tour Type (% of Demand)
7.5.1. Independent Traveler
7.5.2. Tour Group
7.5.3. Package Traveler
7.6. Current Market Analysis By Consumer Orientation (% of Demand)
7.6.1. Men
7.6.2. Women
7.7. Current Market Analysis By Age Group (% of Demand)
7.7.1. 15-25 Years
7.7.2. 26-35 Years
7.7.3. 36-45 Years
7.7.4. 46-55 Years
7.7.5. 66-75 Years
7.8. Current Market Analysis By Country (% of Demand)
7.8.1. US
7.8.2. Canada
7.9. Key Findings, By Each Category
8. Categorizing of Latin America Theme Park Tourism Sector 2021
8.1. Introduction/ Key Findings
8.2. Current Market Analysis By Revenue Source (% of Demand)
8.2.1. Tickets
8.2.2. Merchandise
8.2.3. Lodging
8.2.4. Food and Beverage
8.3. Current Market Analysis By Booking Channel (% of Demand)
8.3.1. Phone Booking
8.3.2. Online Booking
8.3.3. In Person Booking
8.4. Current Market Analysis By Tourist Type (% of Demand)
8.4.1. Domestic
8.4.2. International
8.5. Current Market Analysis By Tour Type (% of Demand)
8.5.1. Independent Traveler
8.5.2. Tour Group
8.5.3. Package Traveler
8.6. Current Market Analysis By Consumer Orientation (% of Demand)
8.6.1. Men
8.6.2. Women
8.7. Current Market Analysis By Age Group (% of Demand)
8.7.1. 15-25 Years
8.7.2. 26-35 Years
8.7.3. 36-45 Years
8.7.4. 46-55 Years
8.7.5. 66-75 Years
8.8. Current Market Analysis By Country (% of Demand)
8.8.1. Brazil
8.8.2. Mexico
8.8.3. Argentina
8.8.4. Colombia
8.8.5. Rest of LA
8.9. Key Findings, By Each Category
9. Categorizing of Europe Theme Park Tourism Sector 2021
9.1. Introduction/ Key Findings
9.2. Current Market Analysis By Revenue Source (% of Demand)
9.2.1. Tickets
9.2.2. Merchandise
9.2.3. Lodging
9.2.4. Food and Beverage
9.3. Current Market Analysis By Booking Channel (% of Demand)
9.3.1. Phone Booking
9.3.2. Online Booking
9.3.3. In Person Booking
9.4. Current Market Analysis By Tourist Type (% of Demand)
9.4.1. Domestic
9.4.2. International
9.5. Current Market Analysis By Tour Type (% of Demand)
9.5.1. Independent Traveler
9.5.2. Tour Group
9.5.3. Package Traveler
9.6. Current Market Analysis By Consumer Orientation (% of Demand)
9.6.1. Men
9.6.2. Women
9.7. Current Market Analysis By Age Group (% of Demand)
9.7.1. 15-25 Years
9.7.2. 26-35 Years
9.7.3. 36-45 Years
9.7.4. 46-55 Years
9.7.5. 66-75 Years
9.8. Current Market Analysis By Country (% of Demand)
9.8.1. Germany
9.8.2. Russia
9.8.3. France
9.8.4. Italy
9.8.5. UK
9.8.6. Rest of Europe
9.9. Key Findings, By Each Category
10. Categorizing of East Asia Theme Park Tourism Sector 2021
10.1. Introduction/ Key Findings
10.2. Current Market Analysis By Revenue Source (% of Demand)
10.2.1. Tickets
10.2.2. Merchandise
10.2.3. Lodging
10.2.4. Food and Beverage
10.3. Current Market Analysis By Booking Channel (% of Demand)
10.3.1. Phone Booking
10.3.2. Online Booking
10.3.3. In Person Booking
10.4. Current Market Analysis By Tourist Type (% of Demand)
10.4.1. Domestic
10.4.2. International
10.5. Current Market Analysis By Tour Type (% of Demand)
10.5.1. Independent Traveler
10.5.2. Tour Group
10.5.3. Package Traveler
10.6. Current Market Analysis By Consumer Orientation (% of Demand)
10.6.1. Men
10.6.2. Women
10.7. Current Market Analysis By Age Group (% of Demand)
10.7.1. 15-25 Years
10.7.2. 26-35 Years
10.7.3. 36-45 Years
10.7.4. 46-55 Years
10.7.5. 66-75 Years
10.8. Current Market Analysis By Country (% of Demand)
10.8.1. China
10.8.2. Japan
10.8.3. South Korea
10.9. Key Findings, By Each Category
11. Categorizing of South Asia Theme Park Tourism Sector 2021
11.1. Introduction/ Key Findings
11.2. Current Market Analysis By Revenue Source (% of Demand)
11.2.1. Tickets
11.2.2. Merchandise
11.2.3. Lodging
11.2.4. Food and Beverage
11.3. Current Market Analysis By Booking Channel (% of Demand)
11.3.1. Phone Booking
11.3.2. Online Booking
11.3.3. In Person Booking
11.4. Current Market Analysis By Tourist Type (% of Demand)
11.4.1. Domestic
11.4.2. International
11.5. Current Market Analysis By Tour Type (% of Demand)
11.5.1. Independent Traveler
11.5.2. Tour Group
11.5.3. Package Traveler
11.6. Current Market Analysis By Consumer Orientation (% of Demand)
11.6.1. Men
11.6.2. Women
11.7. Current Market Analysis By Age Group (% of Demand)
11.7.1. 15-25 Years
11.7.2. 26-35 Years
11.7.3. 36-45 Years
11.7.4. 46-55 Years
11.7.5. 66-75 Years
11.8. Current Market Analysis By Country (% of Demand)
11.8.1. India
11.8.2. Malaysia
11.8.3. Indonesia
11.8.4. Thailand
11.8.5. Philippines
11.8.6. Cambodia
11.8.7. Vietnam
11.8.8. Rest of SA
11.9. Key Findings, By Each Category
12. Categorizing of Oceania Theme Park Tourism Sector 2021
12.1. Introduction/ Key Findings
12.2. Current Market Analysis By Revenue Source (% of Demand)
12.2.1. Tickets
12.2.2. Merchandise
12.2.3. Lodging
12.2.4. Food and Beverage
12.3. Current Market Analysis By Booking Channel (% of Demand)
12.3.1. Phone Booking
12.3.2. Online Booking
12.3.3. In Person Booking
12.4. Current Market Analysis By Tourist Type (% of Demand)
12.4.1. Domestic
12.4.2. International
12.5. Current Market Analysis By Tour Type (% of Demand)
12.5.1. Independent Traveler
12.5.2. Tour Group
12.5.3. Package Traveler
12.6. Current Market Analysis By Consumer Orientation (% of Demand)
12.6.1. Men
12.6.2. Women
12.7. Current Market Analysis By Age Group (% of Demand)
12.7.1. 15-25 Years
12.7.2. 26-35 Years
12.7.3. 36-45 Years
12.7.4. 46-55 Years
12.7.5. 66-75 Years
12.8. Current Market Analysis By Country (% of Demand)
12.8.1. Australia
12.8.2. New Zealand
12.9. Key Findings, By Each Category
13. Categorizing of Middle East and Africa Theme Park Tourism Sector 2021
13.1. Introduction/ Key Findings
13.2. Current Market Analysis By Revenue Source (% of Demand)
13.2.1. Tickets
13.2.2. Merchandise
13.2.3. Lodging
13.2.4. Food and Beverage
13.3. Current Market Analysis By Booking Channel (% of Demand)
13.3.1. Phone Booking
13.3.2. Online Booking
13.3.3. In Person Booking
13.4. Current Market Analysis By Tourist Type (% of Demand)
13.4.1. Domestic
13.4.2. International
13.5. Current Market Analysis By Tour Type (% of Demand)
13.5.1. Independent Traveler
13.5.2. Tour Group
13.5.3. Package Traveler
13.6. Current Market Analysis By Consumer Orientation (% of Demand)
13.6.1. Men
13.6.2. Women
13.7. Current Market Analysis By Age Group (% of Demand)
13.7.1. 15-25 Years
13.7.2. 26-35 Years
13.7.3. 36-45 Years
13.7.4. 46-55 Years
13.7.5. 66-75 Years
13.8. Current Market Analysis By Country (% of Demand)
13.8.1. Turkey
13.8.2. South Africa
13.8.3. UAE
13.8.4. Egypt
13.8.5. Jordan
13.8.6. Rest of MEA
13.9. Key Findings, By Each Category
14. Competition Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Competition Deep Dive
14.3.1. The Walt Disney Company
14.3.1.1. Overview
14.3.1.2. Service Portfolio
14.3.1.3. Strategy Overview/campaigns
14.3.2. Ardent Leisure Group Limited
14.3.2.1. Overview
14.3.2.2. Service Portfolio
14.3.2.3. Strategy Overview/campaigns
14.3.3. Cedar Fair Entertainment Company
14.3.3.1. Overview
14.3.3.2. Service Portfolio
14.3.3.3. Strategy Overview/campaigns
14.3.4. Changlong Group Co., Ltd.
14.3.4.1. Overview
14.3.4.2. Service Portfolio
14.3.4.3. Strategy Overview/campaigns
14.3.5. Comcast Corporation, Fanta Wild Holdings, Inc.
14.3.5.1. Overview
14.3.5.2. Service Portfolio
14.3.5.3. Strategy Overview/campaigns
14.3.6. Ilyas & Mustafa Galadari Group
14.3.6.1. Overview
14.3.6.2. Service Portfolio
14.3.6.3. Strategy Overview/campaigns
14.3.7. Merlin Entertainments Group
14.3.7.1. Overview
14.3.7.2. Service Portfolio
14.3.7.3. Strategy Overview/campaigns
14.3.8. Seaworld Parks & Entertainment, Inc.
14.3.8.1. Overview
14.3.8.2. Service Portfolio
14.3.8.3. Strategy Overview/campaigns
14.3.9. Six Flags Entertainment Corporation
14.3.9.1. Overview
14.3.9.2. Service Portfolio
14.3.9.3. Strategy Overview/campaigns
14.3.10. Blackpool Pleasure Beach
14.3.10.1. Overview
14.3.10.2. Service Portfolio
14.3.10.3. Strategy Overview/campaigns
14.3.11. Yokohama Hakkeijima Sea Paradise
14.3.11.1. Overview
14.3.11.2. Service Portfolio
14.3.11.3. Strategy Overview/campaigns
14.3.12. Lotte World
14.3.12.1. Overview
14.3.12.2. Service Portfolio
14.3.12.3. Strategy Overview/campaigns
14.3.13. Overseas Chinese Town Enterprises Co.
14.3.13.1. Overview
14.3.13.2. Service Portfolio
14.3.13.3. Strategy Overview/campaigns
14.3.14. Other Players (As Per Request)
15. Social Media Sentimental Analysis
15.1. Social Media Platforms Preferred
15.1.1. Facebook
15.1.2. YouTube
15.1.3. Instagram
15.1.4. Twitter
15.1.5. LinkedIn
15.1.6. Pinterest
15.1.7. Google+
15.1.8. Others
15.2. Perceptions on the Proposed Theme Park Tourism Sector Tour Package
15.3. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions
15.4. Trending #Hashtags
15.5. Social Media Platform Mentions (% of Total Mentions)
15.6. Region-Wise Social Media Mentions (% of Total Mentions)
15.7. Trending Subject Titles
16. Assumptions and Acronyms Used
17. Research Methodology
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