CLEVELAND, April 30, 2020 /PRNewswire/ -- US amusement park visits are forecast to rise 2.2% yearly through 2024, according to Amusement Parks: United States, a report recently released by Freedonia Focus Reports. Visits are expected to increase due to the addition of new rides and attractions as well as the ongoing growth in the use of season passes. Rising numbers of visits and increases in per-visit spending as ticket, parking, and food prices continue to rise are projected to boost revenue growth. In order to generate additional revenue, many parks are expanding other services such as dining options and offering season passes for admission, food, or drinks.
However, ongoing uncertainty in the midst of the COVID-19 outbreak has driven many parks to shutter or delay opening for the 2020 season, heavily impacting visitation and revenues and limiting season pass purchases. Regardless of when parks open, visits over the near term will likely be restrained by consumer concern about congregating in public places.
These and other key insights are featured in Amusement Parks: United States. This report forecasts to 2024 the number of US amusement park visits and revenues in nominal US dollars. Average revenues per visit in nominal US dollars are also forecast to 2024. Total visits are segmented by park type in terms of:
- theme parks
- water parks
Total revenues are segmented by source as follows:
- other sources such as beverages, food, and merchandise
To illustrate historical trends, total visits, total revenue, average revenues per visit, and the various segments are provided in annual series from 2009 to 2019.
Venues such as arcades, carnivals, fairs, family entertainment centers, laser tag facilities, museums, pools, ski resorts, and zoos operated independently of an amusement park are excluded from the scope of this report. In addition, operating rides on a concession basis in amusement parks or fairs and carnivals, or operating a single attraction, is outside the scope of this report. Also excluded are the revenues from park-affiliated hotels.
More information about the report is available at:
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group