More than 50 theme parks under development in China
With global attention focused on the development of the US$5.5 billion Shanghai Disneyland, the massive new them park is just one out of nearly 60 new theme parks set to open in China within the next five years.
Shanghai will see two more amusement resorts by 2018: Dreamworks’ US$2.4 billion entertainment precinct and a US$900 million winter wonderland with the world’s longest ski trail while Beijing will have a US$3.3 billion Universal Studios by 2019.
With Asia driving global theme park attendance growth, with the latest TEA/AECOM Theme Index showing that attendance at the top 20 theme parks in the Asia increased nearly 5% in 2014, China is on a theme-park building frenzy to develop new areas of growth as its economy slows.
Huamei Consulting Senior Economist Zhao Huanyan told Channel News Asia “you can’t invest in rail, road and airport anymore. You can’t invest in real estate. Any more investment there will result in more serious consequences. So the government turns to tourism investment.”
And many of these new parks are attracting strong crowd numbers.
The US$1 million Hello Kitty Land in Hangzhou attracted about 10,000 people on its opening day in July, while 12,000 visited Dalian Wanda’s Wanda Movie Park in Wuhan when it opened last year, with the developer planning at least ten more resorts worth US$50 billion.
However, Zhao warns that 60% of these new attractions will fail, explaining “theme parks in China rely too much on ticket sales.
“Some local government officials use the investment to leave a name for themselves during their term of office, without due consideration.”
To make sure visitors come, developer Wanda acquired dozens of tour operators last year to capitalise on upstream demand for integrated resorts that combine shopping, hospitality and entertainment.
Shanghai Disneyland is set to open early next year.
Image shows Shanghai Disneyland.
16th July 2015 - DISNEY PREVIEWS DETAILS OF SHANGHAI DISNEYLAND
5th June 2015 - ASIAN MARKET DRIVES EXPANDING GLOBAL THEME PARK ATTENDANCES
18th March 2014 - CHINA ON THE EDGE OF LEISURE BUILDING EXPLOSION
8th July 2013 - AECOM STRENGTHENS ITS POSITION IN ASIA’S LEISURE INDUSTRY
9th August 2012 - DREAMWORKS TO BUILD US$3 BILLION ENTERTAINMENT ZONE IN SHANGHAI
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.
Vticket Pty Ltd is the Australian and New Zealand distributor for Gateway Ticketing Systems Inc., the world leader in high-speed access control, admission control and ticketing software for the…read more
Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…read more
Playrope Aqua-Fun, are the Australian & New Zealand exclusive distributors for Vortex Aquatic Structures International, the world leader in aquatic playgrounds and urban water landscapes.…read more
A leading designer and manufacturer of innovative waterslides and attractions, Australian Waterslides and Leisure (AWL) is also able to advise clients in the areas of concept and design, feasibility…read more
Intelligenz provides Leisure Management Software for managing all your Program Registrations, Facility Bookings, Membership Sales and POS Transactions; including detailed Reporting, automated…read more
ProSlide is the global leader in water ride design and manufacturing, supplying high-performance water attractions to new and expanding water parks around the world. For over three decades, ProSlide…read more
Known as Hydrilla since September 2020 - see www.ausleisure.com.au/suppliers/hydrilla-pty-ltdread more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!