MARKET REPORT: ASIA PACIFIC
1. New Openings: • Universal Studios Beijing Resort is currently undergoing soft opening operations with the grand opening scheduled for end of September 2021.
• Genting Skyworlds Theme Park is expected to open its doors in end 2021. This park will incorporate selected movie IP from 20th Century Fox on specific rides.
• Hong Kong and Macau will both see a new water park opening in 2021. Studio City Macao recently opened another water park in May 2021, while Hong Kong Ocean Park Water World is slated to open in September 2021. These parks bridge an evident market gap in the two cities.
• Developers are eyeing up smaller scale projects with a lower capital investment level, such as Snoopy Garden in Jeju, South Korea.
2. Notable Expansions / Upgrades: • Super Nintendo World at Osaka Universal Studios opened in March 2021. Notable additions within the themed land include the Super Mario AR Dark Ride as the world’s first AR-based
dark ride. It set the industry benchmark for merging gaming IP and technology with in-person experiences.
• Hong Kong Disneyland completed the Fairytale castle upgrade, together with festivities associated with the park’s 15th anniversary celebration. Both were well received by the local resident market.
Attract to local market and repeat visitation: • A new ride (“Demon Slayer XR Ride”VR Roller Coaster) based on the popular Japanese manga animation series “Demon Slayer” is poised to open in September 2021 for a limited time only (September 2021 to February 2022) at Universal Studios Japan in Osaka. This is a lesson in how to appeal to and attract the local market by utilising homegrown IP.
Signs of recovery in the first half of 2021 The success and potential of the theme entertainment market is highly reliant on the ability to control the Pandemic situation Most theme parks and water parks in Mainland China reopened with capacity
constraints around May 2020 and remained open, albeit with controls and restrictions, throughout the rest of the year. China’s relative performance in terms of attendance stands out due to quick response mechanisms put in place to control the pandemic and aggressive promotions by major theme parks. In general, theme park attendance declined “only” 40% to 50% from 2019 levels. Due to the seasonal nature of water
parks in China, attendance was more severely affected in 2020. However, there were a few exceptions that demonstrated industry resilience and vitality. For example, Atlantis Sanya Aquaventure Waterpark in Hainan Province reported similar visitation in 2020 compared to one year prior. Located in the tropical south of China, the Hainan Island resort took advantage of being self- contained, which resulted in better epidemic prevention and successful controls. Coupled with the long summer, it attracted many affluent domestic visitors, who switched their usual overseas travel plans with a trip to Hainan. As of the first half of 2021, China’s theme
parks and water parks have all resumed operations, and visitor numbers are steadily rebounding in line with rising consumer confidence and relaxations of control measures, such as capacity caps.
New openings over the past two years Despite the virus outbreak, remarkably the number of new theme park openings in China during 2020 almost equalled the number in previous years. In 2020, Nanjing Happy Valley Theme Park and Water Park both opened at the same time. Moreover, Fantawild opened another two parks in Mianyang and Ganzhou; both are third tier cities in China.
Fantawild Oriental Heritage Park，China Changsha
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PARK WORLD Handbook & Buyer’s Guide 2021/22
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