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MARKET REPORT: ASIA PACIFIC Everland Resort, South Korea


Impact of COVID-19 in Asia The outbreak of the Coronavirus pandemic began in December 2019 in Asia and the theme park industry responded very proactively to address social distancing policies. For theme parks, guest safety is a top priority. Theme parks in areas with active community spread closed their doors, while theme parks in less impacted cities remained open with increased screening and cleaning of park areas.


Declining tourism affects theme parks The COVID-19 outbreak has resulted in dramatic reductions in both domestic and international tourism. In most countries, visa restrictions, reduced flights and mandatory quarantine periods have severely limited tourism arrivals, particularly


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for leisure travellers. As a result, even the theme parks in operation are seeing substantial reductions in attendance.


Poor economy affects theme parks The COVID-19 outbreak has also resulted in dramatic declines in GDP, employment and consumer spending. Therefore, theme parks will need to respond to a price sensitive market and consider reduced admission prices and more promotions in the short term.


Park closures in most cities Theme parks in most countries shut down their parks and hotels entirely to public guests. Closures started in January and most remained closed until May. Disney closed its theme parks and hotels in Hong Kong, Shanghai, and Tokyo. Universal


shut down Universal Studios Japan and Universal Studios Singapore. In Mainland China, all the major theme park operators, OCT Group, Chimelong Group, Fantawild and Haichang group shut all their parks and hotels.


South Korea was an exception Everland and Lotte World in South Korea managed to stay open throughout 2020. Some smaller parks in South Korea closed. The ability to remain open was due to the success of widespread testing and tracing of the virus as well as extensive voluntary social distancing actions. Nonetheless visitation to the theme parks was well below typical for the last few months. The policies and procedures learned in South Korea were an inspiration to other regional theme parks.


PARK WORLD Handbook & Buyer’s Guide 2020


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