November 29, 2018
China Theme Park Pipeline Report release
China Theme Park Pipeline Report by Aecom was released recently, which details the distribution of theme parks across China, number and scale by geographic region.
"In recent years there has been a substantial investment by Chinese theme park owners and operators, but our research shows that attendance levels are still considerably lower than other developed markets such as the United States," said Chris Yoshii, Vice President, Economics and Global Director of Leisure + Culture, Asia, Aecom. "While the total attendance at China's theme parks grew to 190 million visits in 2017, a 20 percent year-over-year growth, it is still a markedly lower per-capita attendance compared with other developed economies. These findings demonstrate a significant opportunity for future growth in the Chinese market."
According to the report, the future pipeline for theme parks in China appears robust. At least 70 new theme parks are under construction or in a detailed planning stage. "We anticipate that by year 2020, China will have surpassed the United States in terms of total theme park attendance," said Mr. Yoshii.
"We found that parks with a clear and distinctive theme, such as those tied to international intellectual property brands, stand a higher chance of business success than independent parks. Overall, however, trends for China's theme park industry are strong and offer myriad opportunities for both themed and non-themed owners and operators."
The China Theme Park Pipeline Report is meant to serve as a reference tool for industry analysts and media. For more details on the performance and trends of the theme park industry in China, please click here to download the report.
(Photo: Shanghai Disney)
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