Tuesday, January 31, 2023

AECOM’s Chris Yoshii forecasts 10 more years of Asia Pacific growth

Hot on the heels of the 2017 TEA / AECOM Theme Index report, AECOM’s Chris Yoshii spoke to a crowd gathered at the IAAPA Asian Attractions Expo in Hong Kong about the latest trends in the Asia Pacific marketplace.

Future Trends

  • -International IP interest: A wide range of international media brands are considering theme parks in the region, beyond the typical players we’ve already seen enter the marketplace.
  • -3rd tier cities and resorts: A diverse geographic spread of projects continues to provide more opportunities for development in smaller locales.
  • -Themed entertainment complex: Developments often focus on clusters that include a theme park, hotels, retail, dining and entertainment.
  • -Growing domestic IP: The market has seen a greater use of locally created IP.
  • -Reduced real estate emphasis: Governments are placing less emphasis and incentives on real estate driven projects. Although this may seem bad, in the longer term it is a better situation for the industry, providing more sustainable developments.
  • -Increased Government Control: Along with more oversight of project approvals and financing, governments are becoming more realistic about project performance.

Key takeaways

  • -Asia is now the fastest growing market for theme parks. Another 10 years of growth are expected, but that also means that competition is increasing.
  • -Recently announced projects indicate that a ten-year outlook is realistic.
  • -New methods of project delivery are needed; innovation must continue.

During AAE, AECOM also highlighted their new partnership with Super 78.  Together they are offering the new Collaboration Studio product, using Super 78’s Mushroom VR technology. By donning VR headsets, designers in different parts of the world can engage in previsualization together in real time.

Martin Palicki
Martin Palicki
Martin Palicki owns and publishes InPark Magazine. Started in 2004, InPark Magazine provides owners and operators the perspective from "in"side the "park." Martin has also written for publications like Sound & Communications, Lighting & Sound America, Attractions Management and others. Martin has been featured in Time Magazine, CNN.com and Folio. Martin lives in Milwaukee, Wisconsin, USA.

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