Showing posts with label GCC Theme Park Market. Show all posts
Showing posts with label GCC Theme Park Market. Show all posts

Friday, June 2, 2017

Middle East Theme Park Market Outlook to 2021: Ken Research

Ken Research announced its latest publication on “Middle East Theme Park Market Outlook to 2021 – Increasing Number of Foreign Visitors and New Theme Parks in Pipeline to Foster Future Growth” provides a comprehensive analysis of the theme parks market in the Middle East. The report includes the cumulative revenue generated by the market players from theme park services in the region. The theme parks of the Middle East countries have been further explained with details on market share contributed by major investments groups in various regions of the Middle East. The stakeholders of this report include theme park market players, companies involved in manufacturing, distribution, and marketing of equipment used during theme park activities, and the new entrants and venture capitalists who wish to invest in theme park market in future. Detailed comparative analysis of major theme parks has also been provided. Various marketing analysis factors such as trends and developments and SWOT are also added in the study for clear understanding about the factors responsible for present scenario of the market. The future analysis of the overall Middle East Theme Parks market has also been discussed along with recommendations from analyst view for all major countries.
Middle East Theme Park Market
The revenue generated by theme parks in the Middle East inclined from USD ~ million during 2014 to USD ~ million during 2016, registering a CAGR of ~% during the period 2014-2016. Effort made by the government to improve the tourism sector of the countries was the major reason responsible for driving the theme parks market in a positive manner. Augmented inflow of tourists visiting the Middle East added to the number of theme park visitors, thereby making them generate increased revenues during the review period. The theme parks market of the Middle East also grew due to the rising demand for entertainment services in the country.
Middle East Theme Park Market Segmentation
Investment by domestic and international entities in the theme parks market of Saudi Arabia made the country dominate the market with a share of ~% in the overall revenues of Middle East theme parks market in 2016. Efforts made by the Government to promote tourism in the country made Saudi Arabia witness an increased footfall in theme park visitors, which led the market in a positive manner. Al Hokair group has set up ~ indoor Family Entertainment Centers in Saudi Arabia typically under the brand “Sparky’s”, “Metropolis” and “Vortex”; which undergo continuous technical advancements to meet changing demands of customers. The group has a revenue share of ~% in the overall theme parks market of the Kingdom. Other countries in the Middle East collectively added USD ~ million to the revenues of the overall market in 2016.
Middle East Theme Park Market
As admission charges are mandatory to be paid by every individual for entering any theme park, Admissions to parks contributed ~% to the revenues generated by the market players through various sources in 2016. Major theme parks in the Middle East have well known restaurants and eateries present within their premises. The increased demand for restaurants due to growing footfall in theme parks has made this segment contribute ~% to the overall revenues of market in 2016.
The absence of online portals to book tickets in Saudi Arabia, Jordan and Qatar is the major reason responsible behind more people turning to on counter purchase of tickets. This segment led the revenues by way of admissions with a share of ~% in the overall theme parks market in 2016.
Future Outlook
The revenues generated by theme parks in the Middle East are projected to augment to USD ~ million by 2021, registering a CAGR of ~% during the period 2016-2021. New parks set up in the countries of the Middle East are anticipated to add to the overall revenues of the market. For instance, Flow House Waterpark in Kuwait, which was launched in 2016, is expected to attract more people to the theme parks market of the country, thereby adding to the overall market revenues in the Middle East. Strategic partnerships between investment groups and global players including Warner Bros., Six Flags and SeaWorld to set up theme parks by 2020 in the UAE is expected to add to the overall revenues of the Middle East theme parks market during the outlook period.
Key Topics Covered in the Report:
Middle East Theme Parks Market Size by Revenue
GCC Theme Park Market
Investment to Set up Theme Park in the Middle East
Edutainment Park in GCC
Market Segmentation - By Type (Amusement /Water Park), and By Revenue Streams (Admissions, Food and Beverage, Merchandise and Others)
Jordan Tourist Theme Park
Middle East Water Park Market
Saudi Arabia Theme Parks Market
Theme Park Construction in GCC
Qatar Theme Parks Market
Snapshot on Jordan Theme Parks Market
Adventure Park Market in Kuwait
Snapshot on Kuwait Theme Parks Market
Top 5 Amusement Parks in Middle East
Future Outlook for the Middle East Theme Parks Market
Investment in Theme Park in Middle East
To know more, click on the link below
Related Reports
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Thursday, May 25, 2017

Increasing Annual Cultural and Development of Indoor Entertainment Parks coupled with Qatar National Tourism Sector Strategy (QNTSS) to drive Qatar Theme Park Future Growth: Ken Research

The revenue generated from amusement parks will continue to drive the overall theme park market revenues with maximum participation arising from the domestic population in Qatar
Majority of theme parks in the country mainly cater to children; therefore the growing youth population in Qatar will be the primary force driving the number of theme park visitors in the future.
Qatar benefits from cultural and sports tourism. According to Qatar Tourism Authority (QTA), the estimated impact of Qatar Summer Festivals (4 festivals/tourism events) was QAR 641 million (USD 175.8 million) during 2016, aiding the increased inflow of tourists during the same year. Qatar has begun to encourage private investment and diversify into allied sectors including leisure and entertainment; due to the rising tourism in the country. QTA launched the Qatar National Tourism Sector Strategy (QNTSS) in 2014, which charts a clear path for the development of the sector through 2030 by identifying four key focus areas including Urban and Family Entertainment, Business Events, Culture and Heritage Tourism and Sports and Recreation Tourism.
Theme Park and Entertainment Centre Market.jpg
The development of indoor theme parks and family entertainment centers in Qatar is in its nascent stage. Companies are also coming out with unique offerings and new ideas being implemented within theme parks to increase annual visitors. In addition, companies have also introduced edutainment parks, which provide kids an array of educative activities and attractions coupled with fun and games. Existing theme park operators should expand and/or renovate their premises to provide innovative rides and unique attractions while potential companies looking to enter the theme park market should foray into the water parks segment in addition to collaborating with emerging resorts. Theme park operators should also look to develop culturally diverse attractions to increase international visitors which will have a positive impact on Qatar theme park market, according to Analysts at Ken Research. 
Ken Research in its latest study, Qatar Theme Park Market Outlook to 2021 suggests that Gondolania theme park will continue to dominate this market with City Center theme park and Circus Land theme park providing stiff competition in the future.
Qatar Theme Park Market is projected to register a positive CAGR of 9.1% during the period 2016-2021. The primary force that will drive the revenues of this market will be the establishment of creative and unique theme parks coupled with the growing tourism in the country during this period. In addition, annual social and cultural events in Qatar including the International Food Festival and Summer Festival will aid the increasing inflow of tourists into the country.
Key Topics Covered in the Report:
Aqua Park Revenue in Qatar
Competition in Theme Parks in Qatar
Qatar Theme Park Industry
Qatar Future Theme Park Projects
Theme Park Profit Qatar
Doha Parks and Resorts Market
Theme Park Launch in Qatar
Celebration Park in Qatar
Theme Park and Entertainment Centre Market
Entertainment Park Market Qatar
Amusement Park Rides in Doha
Best Theme Parks in Doha
Qatar's First Theme Park
Upcoming Theme Parks in Qatar
Market Size Theme Park
Market Share Theme Park Players
For more coverage click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204