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MARKET REPORT: ASIA PACIFIC Everland Resort, South Korea


Theme Park Industry in Asia 2020


The theme park industry in Asia is going through unprecedented challenges as a result of the COVID-19 pandemic and subsequent severe economic, social and tourism disruptions. For most of Asia, 2019 was actually a strong year so in many cases, the attraction operators were in fairly good shape going into the pandemic. In parts of Asia, themed attractions are starting to re-open with new policies and capacity constraints. These policies and lessons can be informative to the global industry. AECOM vice president Chris Yoshii and economist Shaojin (Evan) Liao report


2019 a strong year for theme parks in Asia 2019 overall was a strong year for the theme parks in Asia, particularly in Mainland China. There were a large number of new park openings in China and existing parks showed incremental growth. Theme parks in Japan suffered from severe storms in the first part of 2019 and were not


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able to catch up in terms of annual attendance. Hong Kong theme parks faced a number of major challenges in 2019.


Many new park openings in china In China, 12 new themed attractions opened in 2019, not including water parks. Market leading operators OCT Group


opened one theme park, Fantawild opened three new theme parks, and Haichang Group opened one theme park. Sunac opened two large Cultural Tourism City projects in Wuxi and Guangzhou which include multiple indoor and outdoor attractions and a large shopping centre. The Sunac Guangzhou project, in particular, experienced high visitation at opening.


PARK WORLD Handbook & Buyer’s Guide 2020


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