Amusement Parks Trends In Uae, Opportunities Theme Park In Dubai - Ken Research

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UAE Theme Park Market Outlook to 2021 Ken
Research
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The research report titled UAE Theme Park Market
Outlook to 2021 Increasing Inflow of Tourists
and Development of Multi-Themed Parks to Foster
Future Growth provides a comprehensive analysis
of various amusement and water parks in the UAE.
The report covers aspects such as market size on
the basis of revenue and segmentation by
amusement and water parks and by revenue streams.
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• In addition to this, the report also covers
  customer profile, emerging trends, market share
  and company profiles of major investment groups
  in the UAE Theme park market. This report will
  help industry consultants, Theme Park operators,
  Leisure and Entertainment companies, potential
  entrants and other stakeholders to align their
  market centric strategies according to the
  ongoing and expected trends in the future.
• UAE Theme Park Market Overview
• UAE is considered as most preferred holiday
  destination for international tourists visiting
  the Middle-East. There is a high positive
  correlation between the number of international
  arrivals into the country and increasing theme
  park attendance. Theme parks do not singularly
  attract visitors into the country however, they
  have a crucial impact on the length of stay of
  tourists visiting the country.

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Thus, companies and investment groups are
increasing their capital expenditure to introduce
multi-theme parks while others are expanding
their area of operations in existing theme parks
due to the projected rise in tourism in the
future. The revenues generated by theme
parks in the UAE inclined from USD million
during 2014 to USD million during 2016,
registering a CAGR of during the period
2014-2016. The country had witnessed an augmented
inflow of tourist into the country from million
individuals during 2014 to million individuals
during 2016. During the same period, theme park
attendance inclined from million individuals
(2014) to million individuals (2016). Industry
insight has indicated that tourist revenue
generated in the county increased to USD
billion during 2016.
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UAE Theme Park Market Segmentation By Type The
revenues generated by amusement parks have driven
the overall revenues of the theme park market
during the review period. The large potential for
technical advancement of mechanical rides and
theme based attractions has incentivized theme
park operators to continuously upgrade them to
cater with changing preferences of customers. As
a result, this segment had accounted for of
overall theme park market revenues during 2016.
Water parks have accounted for only of overall
theme park market revenues during 2016. The lower
admission fee for water parks coupled with the
fact that the UAE is having lower number of water
parks compared to amusement parks had adversely
impacted higher revenue generation from this
segment. Some of the major water parks in UAE
include The Iceland Water Park, Wild Wadi Water
Park, Aquaventure, YAS Water world Abu Dhabi
Water park and Aquaplay.
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By Revenue Streams Admissions accounted for
of overall theme park market revenues during 2016
as all individuals (excluding infants) are
obligated to purchase entry tickets for admission
into theme parks. Food and beverages accounted
for of overall theme park market revenues
during 2016. Competition Responsible for the
development and maintenance of Yas Island, Miral
Asset Management owns and operates Ferrari World
and Yas Water world theme parks. The group had
accounted for of overall theme park market
revenues in the UAE during 2016. The above
average admission fee coupled with the high brand
value and popularity of Ferrari has helped the
company achieve the top spot in the theme park
market in the UAE. IMGs World of Adventure is
considered to be the largest indoor theme park in
the world. IMG had contributed to overall
theme park market revenues during 2016.
Conversely, Landmark group and Majid Al Futtaim
Ventures had contributed and respectively,
to overall theme park market revenues during
2016.
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Future Outlook The revenues generated by theme
parks in the UAE is projected to augment to USD
million by 2021 from USD million during 2016,
registering a CAGR of during the same period.
Theme parks in the UAE are enhancing the smart
visitor experience through the development of
mobile applications and customer friendly user
interfaces to ensure the country remains one of
the worlds fastest growing markets. According to
International Association of Amusement Parks and
Attractions (IAAPA), visitor spending at the UAE
theme parks is expected to incline to USD
million by 2020. Total theme park visits will
reach million by 2021. Expo 2020 along with
other annual events will drive international
tourism and length of stay in the UAE. Dubais
strategic location coupled with increasing
investment by private groups on theme parks will
result in highest revenue contribution by this
city in the future. Abu Dhabi and Ras Al-Khaimah
are expected to follow Dubai with respect to
theme parks revenue generation in the future.
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Key Topics Covered in the Report UAE Amusement
and Theme Park Market Size By Revenue Market
Segmentation - By Type (Amusement /Water Park)
and By Revenue Streams (Admissions, Food and
Beverage, Merchandise and Others) Customer
Profile in the UAE Theme Park Market
SWOT Analysis for the UAE Theme Park Market
Water parks In UAE Trends and
Developments in the UAE Theme Park Market Market
Share of Investment Groups Water Parks In The
UAE Company Profiles of Major
Investment Groups Future Outlook for
the UAE Amusement and Theme Park Market Analyst
Recommendation Amusement Parks in
UAE Macro-Economic Factors Impacting the UAE
Amusement and Theme Park Market Opportunities
Theme Park In Dubai Top 10 Water parks In UAE
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For more coverage click on the link
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Marketing Communications query_at_kenresearch.com
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