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Reports chart ongoing growth of Chinese theme parks
Ongoing growth in China's theme parks market has been reported on by the China Daily, indicating that attractions development, which has sometimes been criticised by the Chinese Government, is back in favour.
Highlighting theme parks as "the next big chapter in China's ongoing consumption upgrade saga, after the surge in outbound tourism flights and a spike in cinema screens' the China Daily refers to the USA-based Themed Entertainment Association's assertion that China will home to the world's largest theme park facilities by next year.
It also cites a 2019 report from that World Travel Market that predicted that theme park-related retail sales are projected to hit US$12 billion by 2020, up 367% compared to 2010.
That translates to 330 million people visiting one theme park or another by 2020 in the world's second-largest economy.
The World Travel Market prediction attributed such optimistic growth projections to an expanding middle-income group that has the capacity and willingness for discretionary spending, advising "people want to pamper themselves through a variety of entertainment."
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