Market Statistics Amusement Park, Amusement Parks In Uae - Ken Research
by Ashish Kumar Market ResearcherThe report titled “UAE
Theme Park Market Outlook to 2021 – Increasing Inflow of Tourists and
Development of Multi-Themed Parks to Foster Future Growth” by
Ken Research suggested a robust CAGR of 18.5% in terms of revenues by 2021 with
major investment groups including Miral Asset Management, Landmark Group and
IMG Group dominating this space.
UAE is considered as most
preferred holiday destination for international tourists visiting the
Middle-East region. There is a high positive correlation between the number of
international arrivals into the country and increasing theme park attendance.
Companies have introduced multi-themed parks in a single destination while
offering all inclusive packages at discounted prices to meet the changing
demands of diverse customers. As a result, visitor spending in the country had
enhanced during the review period, consequently benefiting the theme park market.
UAE theme parks have also been observed to leverage the growing technology to
effectively cater the diverse group of customers. Theme park operators have
introduced their mobile application to aid ticket sales through dynamic pricing
and to ease long queues at various rides through online reservations.
Theme Parks do not
singularly attract visitors to the country; however, they have a crucial impact
on the length of stay of tourists visiting the country. According to DXB
Entertainment, more than three billion individuals are less than a four hour
flight away from the UAE. Thus, companies are increasing their investment 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,
hence driving the market. The strategic location and lack of regional
competition in the theme park segment has been the driving force behind Dubai’s
dominance in the theme park market in UAE.
Major theme park operators
had introduced famous themed based rides such as Marvel, Cartoon Network, Shrek
and Kung Fu Panda, to increase visitor attendance. Similarly, Miral Asset
Management has invested in the expansion of Ferrari world to attract large
number of Ferrari crazy people toward amusement park. Such planned investments
which could cater the customers according to their likings not only attracted
large number of tourists towards amusement parks but also resulted in huge
expenditure from their end, hence assisting the segment gain dominance in the
market.
The growing potential for
technical advancement of mechanical rides and attractions had incentivized
theme park operators to continuously upgrade them to effectively cater to the
changing preferences of customers.
Key Topics Covered in the Report:
UAE Theme Park Market
Water Parks in UAE
Water Parks in the UAE
Amusement Parks in UAE
Top 10 Water parks In UAE
Market Statistics Amusement
Park
Abu Dhabi Amusement Park
Market
Entry Fees UAE Theme Parks
For more coverage click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing
& Communications
+91-124-4230204
Sponsor Ads
Created on Dec 31st 1969 18:00. Viewed 0 times.