CLEVELAND, Sept. 17, 2018 /PRNewswire/ -- US amusement park revenues are forecast to rise 4.8% annually in nominal terms to 2022, according to Amusement Parks: United States, a report recently released by Freedonia Focus Reports. Rising numbers of visits and increases in per-visit spending are projected to boost revenue growth. Population and economic growth, including rising levels of disposable personal income, will drive visits. Operators will also benefit from continued consumer interest in shared experiences. Ongoing capital spending by park operators on rides and attractions will further boost visitations.
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Rising numbers of visits allows many operators to implement yearly increases in admission rates, providing a boost to revenue. For instance, Disney increased the cost of a one-day Disney's Magic Kingdom regular ticket to $119 in 2018, up from $115 in 2017, and a sizable increase from $71 in 2007. Furthermore, operators continue to invest in in-park amenities, such as nicer food service options, to increase in-park spending.
These and other key insights are featured in Amusement Parks: United States. This report forecasts to 2022 US amusement park visits in number of visits and revenues in nominal US dollars. Average revenues per visit in nominal US dollars are also forecast to 2022. 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 revenues, average revenues per visit, and the various segments are provided in annual series from 2007 to 2017.
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.
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