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China theme park boom driving Asian tourism, says Global Trends Report
POSTED 08 Nov 2016 . BY Tom Anstey
Disneyland Shanghai is the most prominent theme park to open in China this year
China’s theme park boom has been identified as a major trend for Asia in this year’s edition of the Global Trends Report, with new developments and an emerging middle class driving tourism in the region.

As its theme park sector continues to thrive, China predicts spending at its parks to reach nearly US$12bn by 2020, with visitor numbers surpassing 330 million people. As Chinese disposable income rises, leisure attractions are reaping the rewards, with tourism numbers increasing as more leisure opportunities become available to tourists.

As of the end of 2015, China has 59 parks planned or under construction. This explosion in theme park development in the country is due in part to the Chinese government lifting a ban on theme park approval in 2013, enabling parks under US$800m to be approved at a provincial level, encouraging investors.

“Local theme parks are a little different from the international giants,” said Wouter Geerts, lead editor of the Global Trends Report and a Travel Analyst for Euromonitor. “Most importantly they operate a mixed tourism and property business model, with revenues from hotels, shops and apartments often more profitable than ticket sales into the park itself.

“This mix of shopping and theme park is a hugely attractive combination for a wide range of nationalities and ages.”

Future plans for parks include developments from giants such as Universal Studios, Six Flags, Ferrari and Fox, with all four operators planning multi-billion dollar developments in the country.

While Wanda is currently working on Wanda City plan as it aims to take over from Disney as top dog in China, its chair Wang Jianlin has cast his eye further afield, with plans for developments worldwide, notably the US$3bn Europa City just outside of Paris, France, and the Wanda development on Australia’s Gold Coast, rumoured to be a Jurassic Park attraction. A further two overseas ventures are planned by Wanda but those are yet to be confirmed in terms of location.
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NEWS
China theme park boom driving Asian tourism, says Global Trends Report
POSTED 08 Nov 2016 . BY Tom Anstey
Disneyland Shanghai is the most prominent theme park to open in China this year
China’s theme park boom has been identified as a major trend for Asia in this year’s edition of the Global Trends Report, with new developments and an emerging middle class driving tourism in the region.

As its theme park sector continues to thrive, China predicts spending at its parks to reach nearly US$12bn by 2020, with visitor numbers surpassing 330 million people. As Chinese disposable income rises, leisure attractions are reaping the rewards, with tourism numbers increasing as more leisure opportunities become available to tourists.

As of the end of 2015, China has 59 parks planned or under construction. This explosion in theme park development in the country is due in part to the Chinese government lifting a ban on theme park approval in 2013, enabling parks under US$800m to be approved at a provincial level, encouraging investors.

“Local theme parks are a little different from the international giants,” said Wouter Geerts, lead editor of the Global Trends Report and a Travel Analyst for Euromonitor. “Most importantly they operate a mixed tourism and property business model, with revenues from hotels, shops and apartments often more profitable than ticket sales into the park itself.

“This mix of shopping and theme park is a hugely attractive combination for a wide range of nationalities and ages.”

Future plans for parks include developments from giants such as Universal Studios, Six Flags, Ferrari and Fox, with all four operators planning multi-billion dollar developments in the country.

While Wanda is currently working on Wanda City plan as it aims to take over from Disney as top dog in China, its chair Wang Jianlin has cast his eye further afield, with plans for developments worldwide, notably the US$3bn Europa City just outside of Paris, France, and the Wanda development on Australia’s Gold Coast, rumoured to be a Jurassic Park attraction. A further two overseas ventures are planned by Wanda but those are yet to be confirmed in terms of location.
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Thermal project set to ‘redefine city wellbeing’ on track for 2023 opening
Global wellbeing organisation, Therme Group, has confirmed its 28-acre wellbeing project in the UK is on track to begin construction.
BIG creates spiral museum for Swiss watchmaker Audemars Piguet
Swiss luxury watchmaker Audemars Piguet will open a museum celebrating the company history next month (June 2020).
Israel's tourism industry begins gradual relaunch – some hotels given green light to open
Hotels and accommodations in Israel with ground floor rooms have been given permission to reopen for business – but only for domestic tourism.
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COMPANY PROFILES
WhiteWater

WhiteWater was born in 1980 to create places where families unite and make joyful lasting memories [more...]
TOR Systems Ltd

TOR Systems have been in this business since 1981. [more...]
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
+ More profiles  
VIDEO GALLERY

Red Raion - Trailer Pinocchio - A Modern Tale VR
Red Raion is the CGI studio specialized in media based attraction. Find out more...
More videos:
Jurassic War - Immersive tunnel movie trailer – Red Raion
Red Raion Showreel 2019 – Red Raion
Trailer Aladdin - The Bachelor Party VR – Red Raion
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08 Oct 2020

VAC 2020 (The Annual National Conference of Visitor Attractions)

Queen Elizabeth II Conference Centre, London, United Kingdom
17-23 Oct 2020

World Leisure Congress 2020

Pinggu, Beijing, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

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