About Theme Park Vacation
The theme park is a park that features various attractions, like rides and games. Also other events for entertainment purposes. Rising vacation packages offerings in minimum amount can attract population and it will help to boost the theme park vacation market growth. The growing popularity of theme parks and rapidly increasing attendance of tourists in theme parks are the major driving factors for market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Global Theme Park Vacation is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Walt Disney World® Resort (United States), Merlin Entertainments (United Kingdom), Universal Parks & Resorts (United States), Overseas Chinese Town Enterprises (China), Six Flags Inc. (United States), Travel Channel (United States), TourScanner (Germany), TripSavvy (United States) and Marriott Vacations (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Theme Park Vacation market by and Region.
On the basis of geography, the market of Theme Park Vacation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Traveller Type, the sub-segment i.e. Solo Traveller will boost the Theme Park Vacation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vacation Type, the sub-segment i.e. International Vacation will boost the Theme Park Vacation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Pay-as-you-go will boost the Theme Park Vacation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Theme Park Type, the sub-segment i.e. Educational Theme Park will boost the Theme Park Vacation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness Regarding Health Benefits of Visiting Theme Parks
Market Growth Drivers:
Growing Population coupled with Attraction towards Theme Parks and Easy Availability and Various Facilities on Vacation Deals
Challenges:
Regulatory Guidelines on the Theme Park Vacation Rides
Restraints:
Fraud Activities Related to Vacation Packages and Lockdown on Theme Parks during Pandemic
Opportunities:
Introduction of Innovative Theme Parks will create Opportunities for the Market Growth
Market Leaders and their expansionary development strategies
On 1st April 2021, Marriott Vacations has acquired Welk Resorts. The acquisition opens future opportunities for Marriott Vacations and it will increase Hyatt Residence Club footprint by 50%.
In August 2021, Peppa Pig Theme Park Florida launch new Augmented Reality experience. The brand new experience helps bring this adorable 2-D world right into your hands for a safe, at-home experience to help you start planning your preschooler’s ultimate vacation.
Key Target Audience
Theme Park Vacation Industry Association, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.