MARKET REPORT: ASIA PACIFIC
measures. Such measures include the more widespread adoption of contactless payment, online advance ticketing systems, online health status applications, and crowd control measures. It is expected many of these measures will remain in place even after the Pandemic is over. Other countries in Asia have not been
able to control the pandemic and attractions continue to be closed or operating under strict capacity limits.
Part One: Asia’s theme park industry has experienced acute challenges and ongoing uncertainty Market conditions remained exceptionally challenging for Asia’s theme parks throughout 2020 and into 2021. All major
countries in Asia observed a significant drop in attendance, with most parks ceasing operations at least for a few weeks. Reeling from repeat outbreaks and the
absence of international tourists, the two major markets of Japan and South Korea witnessed a 60-80% drop in attendance across their major parks. The willingness to visit theme parks remains low despite some theme parks managing to remain open for extended time periods in 2020. The pandemic significantly affected
attendance levels at theme parks and water parks across Southeast Asia.
• Water Parks witnessed a drop in attendance in excess of 40%, amplified by widespread closures and border
controls throughout the peak summer season.
• The FEC market was also affected and some attractions were forced to close for good. An example would be the Angry Birds Activity Park, Johor Bahru in Malaysia, which closed in 2021 following 6 years of operation.
Despite ongoing market challenges, investment in high-quality projects continues. Despite the above-mentioned
devastating impact of Covid-19, Asia’s theme park industry continues to expand, which reflects market resilience and investor confidence in tourism recovery.
Poseidon Beach Water Park, China Harbin
PARK WORLD Handbook & Buyer’s Guide 2021/22
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