According to the
Forbes survey on the international amusement
park industry, today, the steepest thing in the
amusement industry is the growth of spending in
Asia.
The U.S. theme park industry, once
a rocketing roller coaster, is looking more and
more like a lazy turn on the Ferris wheel.
Amusement park sales in the U.S. are forecast to
grow from $10.8 billion to $12.9 billion between
2005 and 2009, according to a recent study by
PricewaterhouseCoopers. That's an average annual
growth rate of 3.9%--sluggish compared to the
5.5% the industry experienced between 1999 and
2000.
Meanwhile, the Asia/Pacific theme
park market will balloon from $6.1 billion to
$8.1 billion, an average annual growth rate of
5.7%. And the amusement industry in Europe, the
Middle East and Africa combined will grow about
5% per year, reaching $5 billion by
2009.
"If you look worldwide, the mature
markets are in the U.S. and Western Europe,"
says Beth Robertson, vice president of
communications at the International Association
of Amusement Parks and Attractions, based in
Alexandria, Va. "There's not that much land
available for building. Where we're really
seeing a tremendous growth is in Asia and the
Middle East. In China, for example, you have a
huge population with very few parks and
attractions. It's a great area to find large
amounts of land."
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