Global Market Research Reports : Ken Research: Uae Theme Park Market

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.

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:

https://www.kenresearch.com/media-and-entertainment/gaming-and-gambling/uae-amusement-park-waterpark-market/108144-94.html

Related Reports by Ken Research

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/spd-australian-legendary-kingdom-theme-park-development-queensland/76469-97.html

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/nintendo-usj-osaka-super-mario-theme-park-japan/75397-97.html

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/merlin-cmc-shanghai-legoland-amusement-park-china/94552-97.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Wednesday, May 17, 2017

Advent of Indoor Theme Parks Coupled with the Introduction of Multi-Park Entry Tickets and all Inclusive Packages to Drive UAE Theme Park Market Future Growth: Ken Research

The digital revolution has transformed theme parks in the UAE as theme park operators have adopted real-time information management technology for enhancing visitor experience.

Given the country’s sweltering heat during summers, tourists have exhibited an increased preference towards indoor fully air conditioned theme parks.

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.

UAE is considered as most preferred holiday destination for international tourists visiting the Middle-East region. The UAE government has eased regulation to encourage large-scale public and private investments into tourism enablers (airports, hotels, transport infrastructure, new attractions and theme parks) and is setting a strong foundation to support the expected augmented tourist arrivals into the country. In order to further boost tourism in the country, the UAE government had eased visa restrictions for China and Russia by providing visa-on-arrival to individuals from these countries.

UAE theme parks have also been observed to leverage the growing technology to effectively cater to 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. Introduction of all-inclusive and customized entry packages, Continuous innovation of rides and attractions through research and development and Systematic check-ups and routine maintenance of the theme park to ensure high safety standards will have a positive impact on the UAE theme park market, according to Analysts at Ken Research.

Ken Research in its latest study, UAE Theme Park Market Outlook to 2021 - Increasing Inflow of Tourists and Development of Multi-Themed Parks to Foster Future Growth suggests that Miral Asset Management, Landmark Group and IMG Group will continue to dominate this space. However, these players will witness rising competition from DXB Entertainment and Al Hokair Group in the coming years.

UAE Theme Park Market is projected to register a positive CAGR 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 operational and open to the public during this period. International brands including Warner Bros., Six Flags and SeaWorld have set up strategic partnerships with investment groups in the country to establish state-of-the-art theme parks as part of the Tourism Vision 2020.