Showing posts with label Qatar First Theme Park. Show all posts
Showing posts with label Qatar First Theme Park. Show all posts

Friday, May 26, 2017

Development of Theme Park Resorts and Edutainment Centers Coupled with the Introduction of Movie Based Theme Parks to Foster Qatar Theme Park Future Growth: Ken Research

Increasing focus on indoor theme parks and family edutainment centers coupled with the strategic location of theme parks in the country have aided the growth in revenues of Qatar Theme Parks.
The report titled “Qatar Theme Park Market Outlook to 2021 - Development of Theme Park Resorts and Edutainment Centers to Foster Future Growth” by Ken Research suggested a CAGR of 9.1% in terms of revenues by 2021 with major theme parks including Gondolania Theme Park, City Center Theme Park and Circus Land will continue to dominate this space.
Family Entertainment Centre In Qatar
Qatar’s economy is primarily dependent on its natural resources of petroleum and natural gas, which accounts for approximately 60% of the country’s GDP. It is estimated that Qatar holds reserves of up to 15 billion barrels of oil and has the world's third largest natural gas reserves. However, Qatar has begun to encourage private investment and diversify into allied sectors including leisure and entertainment due to the rising growth in tourist in the country. A few theme parks including Jungle Zone in Hyatt Plaza have been renovated and re-launched to increase number of theme park visitors, improve safety standards and effectively cater to their desired target audience through technologically advanced rides and attractions. Industry insight has indicated that majority of theme parks operators have developed rides and attractions that cater to children below the age of 18 years. Qatar is following the UAE’s footsteps by introducing indoor theme parks that meet changing customer preferences.
Companies are coming out with unique offerings and new ideas are being implemented within theme parks to increase annual visitors. The latest trend involves setting up spa resorts within amusement and water parks to tap the growing tourism in the country. In addition, companies have also introduced edutainment parks, which provide kids an array of educative activities and attractions coupled with fun and games. Industry insight has indicated that children are more inclined towards themed rides and attractions involving famous cartoon characters and animated movies, while parents have indicated a growing preference towards edutainment theme parks.
Key Topics Covered in the Report:
Best Theme Parks in Doha
Market Size Theme Park
Ride Attractions in Theme Parks
Number of Visitors Theme Park
Indoor Amusement Park in Qatar
Theme Park Construction in Qatar
Market Share Theme Park Players
Family Entertainment Centre in Qatar
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 25, 2017

Qatar Theme Park Market Outlook to 2021: Ken Research

The report titled “Qatar Theme Park Market Outlook to 2021 - Development of Theme Park Resorts and Edutainment Centers to Foster Growth” provides a comprehensive analysis of various amusement and water parks in the Qatar. The report covers aspects such as market size on the basis of revenue and segmentation by amusement and water parks and by revenue streams. In addition to this, the report also covers customer profile, emerging trends, market share and comparative landscape of major theme parks in Qatar. This report will help industry consultants, theme park operators, leisure and entertainment companies, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Qatar Theme Park Market Overview
Qatar’s economy is primarily dependent on its natural resources of petroleum and natural gas, which accounts for approximately 60% of the country’s GDP. However, Qatar has begun to diversify into allied sectors including leisure and entertainment, due to the rising tourism in the country. The revenue generated by theme parks in Qatar was estimated to incline to USD ~ million during 2016 from USD ~ million during 2014, registering a CAGR of ~% during the same period. Highly innovative and unique theme park concepts catering to various target audiences have been one of the factors that have aided revenue growth during the review period.
Qatar Theme Park Industry
Industry insight has indicated that majority of theme parks operators have developed rides that cater to children below the age of 18 years. The youth population in the country inclined from ~ thousand individuals during 2014 to ~ thousand individuals during 2016, resulting in increased theme park visitors during the same period. The growth of this market will continue in the future with increased theme parks opening to the public in 2017. In addition, government initiatives to further augment tourism will also impact revenue generated by the theme parks.
Qatar Theme Park Market Segmentation
By Type: The revenue generated by amusement parks in the country inclined to USD ~ million during 2016, achieving single digit growth during the review period. This segment has dominated the overall theme park market revenues as companies have found amusement parks to be a more lucrative investment compared to water parks. The revenues generated by water parks in the country were estimated at USD ~ thousand during 2016, contributing ~% to overall theme park market revenue during the same year.
By Revenue Streams: The revenue generated from entry ticket sales accounted for ~% of overall theme park market revenues during 2016. Admission fee to amusement and water parks in Qatar range from as low as QAR 30 (USD 8.2) to a high of QAR 150 (USD 41.2). The revenue generated from the sale of food and beverages within theme parks accounted for ~% of overall theme park market revenues during 2016. Restaurant owners have witnessed higher revenue generation during summers due to increased theme park visitors during this period.
Market Share of Major Theme Parks
Claimed to be one of the biggest family entertainment destinations in Doha, Gondolania theme park accounted for ~% of overall theme park market revenues generated through admissions in the country during 2016.
City Center and Circus Land had accounted for ~% and ~% respectively, of overall theme park market revenues generated through admissions during 2016. Jungle Zone had recently undergone a complete renovation to bring in dedicated play areas for children of different age groups. Featuring unique rides and attractions, this popular family destination gained high demand in the market, providing park the respective share.
Future Outlook
The revenue generated by theme parks in Qatar is projected to incline to USD ~ million during 2021 from USD ~ million during 2016, registering a CAGR of ~% during the same period. The primary force that will drive the revenue of this market will be the establishment of creative and unique theme parks coupled with the growing tourism in the country during this period. 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. The total number of tourist coming into the country is estimated to incline to ~ million by 2021. Amusement parks and water Parks are projected to witness a CAGR of ~% and ~% respectively, during the period 2016-2021. However, revenue generated from amusement parks will continue to dominate the theme park market during this period. 
Key Topics Covered in the Report:
Qatar Theme Park Market Size by Revenue
Market Segmentation - By Type (Amusement and Water Park) and By Revenue Streams (Admissions, Food and Beverage, Merchandise and Others)
Customer Profile of Qatar Theme Park Market               
SWOT Analysis for Qatar Theme Park Market               
Trends and Developments in Qatar Theme Park Market
Market Share of Theme Parks     
Indoor Amusement Park in Qatar
Future Outlook for Qatar Theme Park Market 
Analyst Recommendation
Qatar Tourist Theme Park
Macro-Economic Factors Impacting the Qatar Theme Park Market 
Doha Water Park Market
Qatar Amusement Parks Market
Number of Visitors Theme Park
GCC Theme Park Market
Middle East Water Park Industry
Growth in Revenue Theme Park Doha
Investment in Theme Park in Qatar
Edutainment Park in Qatar
Family Entertainment Centre in Qatar
Theme Park Construction in Qatar
Key Theme Parks in Doha
Ride Attractions in Theme Parks
Top 5 Amusement Parks in Qatar
Trends Amusement Park in Qatar
Adventure Park Market in Qatar
For more coverage click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204