Showing posts with label Waterparks In Uae. Show all posts
Showing posts with label Waterparks In Uae. Show all posts

Wednesday, May 31, 2017

Increasing Inflow of Tourists and development of Multi-Themed Parks to Foster Future Growth: Ken Research

UAE Theme Park Market Overview
UAE is considered as most preferred holiday destination for international tourists visiting the Middle-East region. The country had witnessed an augmented inflow of tourist into the country from ~ million tourists during 2014 to ~ million tourists during 2016. During the same period, theme park attendance inclined from ~ million individuals (2014) to ~ million individuals (2016). Industry insight has indicated that tourist revenue generated in the county inclined to USD ~ billion during 2016.
Uae 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 including IMG Group and DXB Entertainment have introduced their mobile application to aid ticket sales through dynamic pricing and to ease long queues at various rides through online reservations. The launch of new theme park including Bollywood Parks, Legoland and Motiongate in the country during 2016 period also acted as major driver for the market.
The revenue generated by theme parks in the UAE inclined from USD ~ million during 2014 to USD ~ million during 2016, registering a CAGR of ~% during the period 2014-2016. The average expenditure for a day out at an attraction in the UAE was estimated to range from USD ~-USD ~ during 2014-2016. Conversely, visitor spending at UAE theme parks inclined to USD ~ million during 2016. 
UAE Theme Park Market Segmentation
The revenue generated by amusement parks has driven the overall revenues of the theme park market during the review period. The growing potential for technical advancement of mechanical rides and attractions had incentivized theme park operators to continuously upgrade them to effectively cater the changing preferences of customers.
Water parks had only accounted for ~% of overall theme park market revenues during 2016. Lesser number coupled with lower admission fee for water parks had adversely impacted higher revenue generation from this segment. It has been observed that most of the water parks in the UAE are situated in premises of luxury hotels and resorts and therefore, are mostly preferred by the guests living in these hotels and resorts.
Future Outlook for the UAE Theme Park Market
The revenue generated by theme parks in the UAE is projected to augment to USD ~ million by 2021, registering a CAGR of ~% during the period 2016-2021. The primary force that will further drive up the revenues of this market is the proposed theme parks in the pipeline that will be operation and open to the public during this period.
The total number of tourists in the country is estimated to incline from ~ million persons during 2016 to ~ million persons during 2019. Visitors are attracted to the Emirates’ retail offerings, hotels, beaches, Grand Mosque, and desert safaris. Visitor spending at UAE theme parks is said to incline to USD ~ million by 2020.
Trends and Developments in the UAE Theme Park Market
Technological Advancement in the UAE Theme Parks: Theme park operators have continuously upgraded their mechanical rides through new and unique technology to augment customer satisfaction. For Instance, World of Adventure theme park is equipped with a 100-seater Hulk Epsilon Base 3D ride system that comes with a 360-degree projection screen and multi-axis motion. In addition, Avenger Battle of Ultron leverages cutting-edge motion tech and stereoscopic 3D imagery while the Velociraptor coaster allows riders to experience a G-force of up to 3.8.
Multi-Park Tickets and Inclusive Packages: Large theme park operators have started offering multi-park tickets and all inclusive packages to customers. These tickets give individuals access to a variety of amusement and water parks, neighboring restaurants, hotels and transportation facilities. For example, Dubai Parks and Resorts (DPR) has created a three park destinations in Jebel Ali with space for a fourth water park in the same area. The company has also established hotels, various themed restaurants and other recreational facilities within this destination to provide a sound foundation for enhanced visitor experiences.
Key Factors Considered in the Report
Customer Profile in the UAE Theme Park Market              
SWOT Analysis for the UAE Theme Park Market
Water Parks in the UAE           
Trends and Developments in the UAE Theme Park Market
Amusement Parks in UAE
Entry Fees UAE Theme Parks
Market Share of Investment Groups               
Company Profiles of Major Investment Groups      
Water parks In UAE    
Future Outlook for the UAE Amusement and Theme Park Market  
Market Statistics Amusement Park
Analyst Recommendation
For more coverage click on the link below:
Related Reports by Ken Research
Contact:              
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Thursday, May 18, 2017

Continuous Development of Mechanical Rides, Increasing Number of indoor Theme Parks and the Advent of Multi-Park Tickets to Foster UAE Theme Park Market Future Growth: Ken Research

The 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.
Uae Theme Park Market
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