Since 1989 Elite Pool Covers have designed and manufactured an extensive range of high quality affordable manual,semi-automatic and fully-automatic pool cover systems for the harsh Australian…read more
Investments in China’s theme parks driving Asian tourism
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$12 billion 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$800 million to be approved at a provincial level, encouraging investors.
Wouter Geerts, Lead Editor of the Global Trends Report and a Travel Analyst for Euromonitor explained “local theme parks are a little different from the international giants.
“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.
For more information go to http://blog.euromonitor.com/
Image: Chimelong Hengqin Ocean Kingdom, Zhuhai, southern China.
18th October 2016 - NEW DALIAN WANDA CULTURAL THEME PARK OPENS IN SOUTHERN CHINA
24th September 2016 - OCEAN PARK CHIEF EXECUTIVE CONFIDENT OF ATTRACTING MORE VISITORS
27th May 2016 - ASIAN THEME PARKS LEAD GLOBAL ATTRACTIONS INDUSTRY GROWTH
5th September 2015 - MORE THAN 50 THEME PARKS UNDER DEVELOPMENT IN CHINA
5th June 2015 - ASIAN MARKET DRIVES EXPANDING GLOBAL THEME PARK ATTENDANCES
23rd April 2014 - AQUARIUM AT CHIMELONG OCEAN KINGDOM CONFIRMED AS WORLD’S LARGEST
18th March 2014 - CHINA ON THE EDGE OF LEISURE BUILDING EXPLOSION
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Lander & Rogers' Sports Business Group is the leading sports law practice in Australia, representing over 150 national and international sporting bodies. Our clients include international…read more
revolutioniseSPORT is the emerging market leader in online club management in Australia. Whether it is memberships, registrations, events, online sales or governance tools - revolutioniseSPORT is the…read more
Fitness On Demand™ is a market-leading developer of virtual group fitness products. Our innovative video delivery systems offer robust content and a simple-to-use, comprehensive web app. Fitness…read more
Track. Engage. Retain GreeneDesk is a suite of cloud based software solutions helping health clubs, leisure centres and swim schools to effectively track progression, improve customer engagement and…read more
Neptune Benson is a manufacturer of high quality water filtration and disinfection products for the recreational, industrial, and municipal water markets. With more than 20,000 installations…read more
Goplay designs and manufactures specialised playground equipment for indoor play centres, hotels, food chains, clubs and resorts. If our years of experience and dedication have taught us one thing,…read more
Digonex is a leading provider of customised dynamic pricing solutions to clients in arts and entertainment, sport, attractions, cultural institutions and retail sectors. Digonex’s technology is…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!