MARKET REPORT: ASIA PACIFIC Theme Park Development Trends: Expanding Markets
Hurricane Bay, Fantawild Xiamen Water Park
Spending on culture, entertainment, and tourism in Asia are all seeing double-digit growth as real incomes rise, transportation systems improve and people genuinely seek experiences over material goods. All this bodes well for a growing theme park and themed entertainment industry, report Chris Yoshii and Beth Chang from AECOM’s Economics team
Growth and expansion Several new theme parks opened in 2017, including several by major theme park operators. These theme parks are in large but second and third tier cities, which is a major trend - We are seeing more and more new parks in smaller cities and resort areas. Openings in 2017 included Merlin Entertainments’ Legoland
Nagoya Japan; OCT Chongqing Happy Valley Theme Park, which opened to the public on July 8, and Fantawild Oriental Heritage theme park and waterpark in Xiamen. Successful operators continue to invest heavily by adding new
attractions, lands and experiences to increase capacity, boost/maintain visitation, and remain competitive. In 2017, Hong Kong Disneyland added an Iron Man Indoor Dark Ride; Tokyo
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DisneySea launched the Nemo & Friends Sea Rider; Minion Park opened at Universal Studios Japan, and Chimelong Safari Park Panyu added an Aerial Cable Car and Panda Toontown. In addition to traditional theme parks, operators are trying new
attraction formats and prototypes from indoor ski slopes to recreations of beautiful countryside villages. OCT developed a new brand for its theme park product, Visionland, claiming to present cultural heritage by utilizing more media content and high tech tools. The first one of this brand was a 50-ha project, opened in Liuzhou Guangxi in 2017. Wanda’s Harbin Resort, meanwhile, features one of the world’s largest indoor ski slopes. The development also includes an amusement park, a shopping mall, performing arts theatres, Cineplex and more.
PARK WORLD Handbook & Buyers Guide 2018
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