Wednesday, October 27, 2021
Array

Research and Markets Releases Report on Amusement Park Industry

Dublin, Ireland /BUSINESS WIRE — Research and Markets has announced the addition of the “Amusement Parks & Arcades” report to their offering.

The US amusement parks and arcades industry includes about 3,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $15 billion. Major theme park companies include Walt Disney, Six Flags, Cedar Fair, SeaWorld, and Universal Parks & Resorts; major arcade operators include Namco Cybertainment, Dave & Buster’s, and CEC Entertainment (Chuck E Cheese’s). The industry is highly concentrated: the 50 largest companies generate about 85 percent of revenue.

Competitive Landscape:

Demand is closely linked to the health of the economy, especially consumer income. The profitability of individual companies depends on good marketing. Large companies can build expensive rides and have economies of scale in operations and advertising. Smaller companies can compete by serving smaller markets or offering special rides. The industry is labor-intensive: average annual revenue per employee is about $100,000 for large parks, $50,000 for arcades.

Products, Operations & Technology:

Amusement parks get about 55 percent of their revenue from admissions and about 30 percent from food and merchandise sales. The remainder is made from a mix of parking fees, commission income from third-party exhibitors, advertising, and fees for hosting parties and other events. Many parks operate only for a portion of the year because of weather. Half of amusement parks, including 70 percent of water parks, are closed during the cold months. Parks open year-round may also operate hotels, stores, condos, golf courses, or other facilities in the vicinity.

To purchase the report for €98, visit http://www.researchandmarkets.com/research/ad43f5/amusement_parks

Joe Kleimanhttp://www.themedreality.com
Raised in San Diego on theme parks, zoos, and IMAX films, Joe Kleiman would expand his childhood loves into two decades as a projectionist and theater director within the giant screen industry. In addition to his work in commercial and museum operations, Joe has volunteered his time to animal husbandry at leading facilities in California and Texas and has played a leading management role for a number of performing arts companies. Joe has been News Editor and contributing author to InPark Magazine since 2011. HIs writing has also appeared in Sound & Communications, LF Examiner, Jim Hill Media, and MiceChat. His blog, ThemedReality.com takes an unconventional look at the attractions industry. Follow on twitter @themedreality Joe lives in Sacramento, California with his fiancé, two dogs, and a ghost.

Related Articles

Latest Articles