The theme park tourism market is expected to be worth approximately $166.67 billion by 2032

The US market for theme park tourism is expected to generate ~$22 billion. This makes the market very lucrative and strong during the forecast. The USA is home to the largest amusement parks in the world.

NEWARK, DE / ACCESSWIRE / September 19, 2022 / According to a recent market analysis by Future Market Insights (FMI), the theme park tourism market is poised to achieve a valuation of $49.1 billion in 2022. Sales are expected to increase by a 13% CAGRachieve with the market size $166.67 billion until 2032.

The theme park tourism market is expected to grow at an outstanding rate during the forecast period. This is due to several factors that should positively impact the market. The increasing demand for theme parks can be seen in low- and middle-income countries where the consumer base is modernizing and looking for various outdoor activities.

Amusement park tourism is a year-round business, with demand for the attractions year-round. This also makes it attractive to investors who also pay attention to the diversified revenue streams of this market.

The advent of new technologies has helped the industry keep up with increasing consumer demand for variety. Merchandising and other high-margin revenue streams have kept the market in a good position where operators can focus on investing and improving their services. All of these factors continue to make the theme park tourism market extremely lucrative.

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Key Findings from the Theme Park Tourism Market Study:

  • Themes related to popular culture help attract more consumers to the theme park tourism market.
  • Most of the demand is fueled by domestic tourists.
  • Ticket sales and merchandising remain the main sources of income.
  • Countries like China, Singapore and India are growing fast, with the Asia Pacific region currently holding up 18% the total market share.
  • The majority of travelers are package travelers and prefer to book their tours using online booking channels.

“Popular culture trends and the ease of travel are giving the market a healthy boost.” said the FMI analyst.

Effects of COVID-19

The COVID-19 pandemic has dealt a severe blow to the theme park tourism market, which has shut down operations worldwide. The global implementation of strict lockdowns by health authorities meant travel and social interactions for non-essential activities were cut off. It has been estimated that the market is affected ~30% by the spread of the pandemic, causing panic among investors and key industrial companies. The reluctance of tourists to visit the parks due to safety issues was another blow to the theme park tourism market.

In the wake of the pandemic, theme park operators took some drastic safety measures and improved their operational protocols. Addressing consumer safety concerns has been the priority for companies in the theme park tourism market. The current market situation has improved with the introduction of vaccines and the lifting of restrictions.

Theme parks are now expected to operate at full capacity as consumer demand increases. People who missed outdoor activities during the pandemic are expected to explore more in the coming years, which will lead to faster growth of the market.

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Who wins?

Companies are continually improving their offerings, and amusement park owners are working to replace older equipment with modern technology as quickly as possible. The key to maintaining a competitive advantage in the industry would be the requirement to make the services hassle-free and strengthen the brand presence.

The major players 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., Ilyas & Mustafa Galadari Group, Merlin Entertainments Group , Seaworld Parks & Entertainment, Inc., Six Flags Entertainment Corporation, Blackpool Pleasure Beach, Yokohama Hakkeijima Sea Paradise, Lotte World and Overseas Chinese Town Enterprises Co.

Get more valuable insights

Future Market Insights is a new offering offering an unbiased analysis of the global Amusement Park Tourism Market, presenting historical demand data (2017-2021) and forecast statistics covering the period from 2022 to 2032. The study provides compelling insights into the Amusement Park Tourism Market based on revenue source (tickets , goods, accommodation and food and beverages), by booking channel (telephone booking, online booking and face-to-face booking), by tourist type (domestic and international), by tour type (independent traveler, package tour and tour group), by consumer orientation (men and women), by age group (15-25 years, 26-35 years, 36-45 years, 46-55 years and 66-75 years) & region.

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Table of Contents

1. Summary

1.1. Global Market Outlook

1.1.1. who travels

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. Analysis of the development of tourism

1.3. FMI analysis and recommendations

2. Market introduction

2.1. Total spend (US$ million) and forecast (2022-2032)

2.2. Number of tourists in theme parks (Mn) and forecast (2022-2032)

2.3. Total Spending Growth Forecast YoY (2022-2032)

2.4. Number of Tourists to Theme Parks YoY Growth Forecasts

3. Analysis of the global tourism industry

3.1. Tourism industry overview

3.1.1. Contribution of the travel and tourism industry to global GDP

3.1.1.1. Business expenses vs. leisure expenses

3.1.1.2. Domestic vs. Foreign

3.1.1.3. Direct, indirect and induced

3.1.2. Contribution of the travel industry to total global employment

3.1.3. Travel and tourism growth rate

3.1.4. Foreign visitor exports as a percentage of total exports

3.1.5. Investment in the travel and tourism industry

3.1.6. Various components of travel and tourism

3.1.7. Global outlook for the tourism industry

Read more Table of Contents…

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