Showing posts with label Ride Attractions in Theme Parks. Show all posts
Showing posts with label Ride Attractions in Theme Parks. Show all posts

Wednesday, June 7, 2017

Increasing Number of Foreign Visitors and New Theme Parks in Pipeline to Foster Middle East Theme Parks Market Future Growth: Ken Research

Efforts made by the government, increased tourism and investments by international players in the region are the major factors which are expected to fuel the Middle East Theme Parks Market in future.
Effort made by the government to improve the tourism sector of the countries in the region was the major driving factor for theme parks market in the Middle East. Augmented inflow of tourists visiting the Middle East region added to the number of theme park visitors, thereby making them generate increased revenues during the review period. For instance, the total number of tourists arriving the UAE inclined from 15.4 million persons during 2014 to 17.8 million persons during 2016, registering a CAGR of 7.5% during the same period. The countries are shaping their events industry along with a favorable investment and business climate to attract more tourists into the country. Annual international events held in the region coupled with the increasing diversity of theme parks have not only increased the number of tourists but have also enhanced the length of stay of tourist in the region. Increasing supply of hotel rooms have reduced room rate which has also positively impacted the tourism sector in the region. 
The government of various countries in the region is inviting international players in theme park market to invest in their country, which is expected to augment the overall revenue. For instance, Flow House Waterpark in Kuwait, which was launched in September 2016, is expected to attract more people to the theme parks market of the country. Similarly, Warner Bros amusement park launch in UAE and the entrance of Kidzmondo theme parks in Saudi Arabia by 2017 are anticipated to positively impact the overall Middle East theme parks market during the outlook period.
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” suggested a rapid growth in the Middle East Theme Park Market which is majorly driven by the tourism sector of the countries. International theme parks, improved technology and safety in the amusement parks are attracting large number of tourists, generating high revenue for the market.
Key Topics Covered in the Report:
Jordan Tourist Theme Park
Number of Visitors Theme Park
Ride Attractions in Theme Parks
Theme Park Construction in GCC
Indoor Amusement Park in Middle East
Top 5 Amusement Parks in Middle East
Middle East Theme Park
Market Growth Theme Park
Middle East first theme park
Amusement Park Rides in Middle East
Upcoming Theme Parks in Middle East
To know more, click on the link below
Related Reports
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Tuesday, May 30, 2017

Qatar Theme Park Market Overview: Ken Research

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 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 aided revenue growth during the review period.
Qatar Theme Park Industry
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. Qatar is following the UAE’s footsteps by introducing indoor theme parks that meet changing customer preferences.
Qatar Theme Park Market Segmentation
The revenues generated by amusement parks in the country inclined to USD ~ million during 2016, achieving single digit growth during the review period. Majority of amusement and theme parks in Qatar are equipped with a gaming zone in addition to mechanical rides and attractions. Amusement park operators have witnessed robust growth in visitor expenditure on their gaming arcade.
The growing potential for technical advancement of mechanical rides and attractions had incentivized amusement parks to renovate and upgrade, to meet changing preferences of theme park visitors.
The revenues generated by water parks in the country were estimated at USD ~ thousand during 2016, contributing ~% to overall theme park revenues during the same year. High maintenance and operating cost for water parks in Qatar had discouraged many players to foray into this segment. Additionally, limited number of water parks owing to rejection among residents to opt for water parks due to humid climate further restrains segment market.
Future Outlook For Qatar Theme Park Market
The revenue generated by theme parks in the Qatar is projected to augment to USD ~ million by 2021 from USD ~ during 2016, registering a CAGR of ~% during the same period. 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.
Since majority of theme parks in the country mainly cater to children, the growing youth population in Qatar will be the primary force driving the number of theme park visitors during this period.
The revenue generated from amusement parks will continue dominate the theme park market with maximum visitors arising from the domestic territory.
Trends And Developments In Qatar Theme Park Market
Strategic Location of Theme Parks in Qatar: Theme parks in Qatar are developed in prime areas within malls, resorts and hotels in order to tap the tourist population visiting these places. KidzMondo Doha has been constructed in the Mall of Qatar. Similarly, Gondolania is located in Villaggio Mall while Jungle Zone and Circus Land Park are located in Hyatt Plaza and Landmark Shopping mall respectively.  In addition to that locations of the entertainment centers like the centers located inside city center have been planned with strategic understanding that people who visit one of the Qatar’s largest shopping mall for shopping and dining automatically gets attracted towards family center. These family centers also welcomes  large number of children as parents who visit mall for shopping leave their children in these parks for playing during their shopping time.
Key Factors Considered In The Report
Qatar Theme Park Market Size By Revenue
Market Size Theme Park
Market Segmentation - By Type (Amusement and Water Park), and By Revenue Streams (Admissions, Food and Beverage, Merchandise and Others)
Celebration Park in Qatar
Customer Profile of Qatar Theme Park Market   
Upcoming Theme Parks in Qatar          
SWOT Analysis for Qatar Theme Park Market      
Ride Attractions in Theme Parks        
Trends and Developments in Qatar Theme Park Market
Number Of Visitors Theme Park
Market Share of Major Amusement Parks    
Middle East Water Park Industry                     
Future Outlook for the Qatar Theme Park Market 
Family Entertainment Centre In Qatar
Analyst Recommendation
Market Share Theme Park Players
Macro-Economic Factors Impacting Qatar Theme Park Market 
Best Theme Parks In Doha
For more coverage click on the link below:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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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
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