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Family Entertainment Centre In Qatar, Ride Attractions in Theme Parks - ken Research

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The growth of this market will continue in the future with increased theme parks opening to the public in 2017. In addition, government initiatives to further augment tourism will also impact revenue generated by the theme parks. – PowerPoint PPT presentation

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Title: Family Entertainment Centre In Qatar, Ride Attractions in Theme Parks - ken Research


1
Qatar Theme Park Market Overview Ken Research
2
Qatars economy is primarily dependent on its
natural resources of petroleum and natural gas,
which accounts for approximately 60 of the
countrys GDP. It is estimated that Qatar holds
reserves of up to 15 billion barrels of oil and
has the world's third largest natural gas
reserves. However, Qatar has begun to encourage
private investment and diversify into allied
sectors including leisure and entertainment due
to the rising tourism in the country. The
revenue generated by theme parks in Qatar was
estimated to incline to USD million during 2016
from USD million during 2014, registering a
CAGR of during the same period.
3
Highly innovative and unique theme park concepts
catering to various target audiences have aided
revenue growth during the review period. A few
theme parks including Jungle Zone in Hyatt Plaza
have been renovated and re-launched to increase
number of theme park visitors, improve safety
standards and effectively cater to their desired
target audience through technologically advanced
rides and attractions. Qatar is following the
UAEs footsteps by introducing indoor theme parks
that meet changing customer preferences. Qatar
Theme Park Market Segmentation The revenues
generated by amusement parks in the country
inclined to USD million during 2016, achieving
single digit growth during the review period.
Majority of amusement and theme parks in Qatar
are equipped with a gaming zone in addition to
mechanical rides and attractions. Amusement park
operators have witnessed robust growth in visitor
expenditure on their gaming arcade.
4
  • The growing potential for technical advancement
    of mechanical rides and attractions had
    incentivized amusement parks to renovate and
    upgrade, to meet changing preferences of theme
    park visitors.
  • The revenues generated by water parks in the
    country were estimated at USD thousand during
    2016, contributing to overall theme park
    revenues during the same year. High maintenance
    and operating cost for water parks in Qatar had
    discouraged many players to foray into this
    segment. Additionally, limited number of water
    parks owing to rejection among residents to opt
    for water parks due to humid climate further
    restrains segment market.
  • Future Outlook For Qatar Theme Park Market
  • The revenue generated by theme parks in the Qatar
    is projected to augment to USD million by 2021
    from USD during 2016, registering a CAGR of
    during the same period. The primary force that
    will drive

5
the revenues of this market will be the
establishment of creative and unique theme parks
coupled with the growing tourism in the country
during this period. Since majority of theme
parks in the country mainly cater to children,
the growing youth population in Qatar will be the
primary force driving the number of theme park
visitors during this period. The revenue
generated from amusement parks will continue
dominate the theme park market with maximum
visitors arising from the domestic territory.
Trends And Developments In Qatar Theme Park
Market Strategic Location of Theme Parks in
Qatar Theme parks in Qatar are developed in
prime areas within malls, resorts and hotels in
order to tap the tourist population visiting
these places. KidzMondo Doha has been constructed
in the Mall of Qatar.
6
  • Similarly, Gondolania is located in Villaggio
    Mall while Jungle Zone and Circus Land Park are
    located in Hyatt Plaza and Landmark Shopping mall
    respectively. In addition to that locations of
    the entertainment centers like the centers
    located inside city center have been planned with
    strategic understanding that people who visit one
    of the Qatars largest shopping mall for shopping
    and dining automatically gets attracted towards
    family center. These family centers also welcomes
    large number of children as parents who visit
    mall for shopping leave their children in these
    parks for playing during their shopping time.
  • Key Factors Considered In The Report
  • Qatar Theme Park Market Size By Revenue
  • Market Size Theme Park
  • Market Segmentation - By Type (Amusement and
    Water Park), and By Revenue Streams (Admissions,
    Food and Beverage, Merchandise and Others)
  • Celebration Park in Qatar

7
Customer Profile of Qatar Theme Park Market
Upcoming Theme Parks in Qatar SWOT
Analysis for Qatar Theme Park Market Ride
Attractions in Theme Parks Trends and
Developments in Qatar Theme Park Market Number Of
Visitors Theme Park Market Share of Major
Amusement Parks Middle East Water Park
Industry Future Outlook for
the Qatar Theme Park Market Family
Entertainment Centre In Qatar Analyst
Recommendation Market Share Theme Park
Players Macro-Economic Factors Impacting Qatar
Theme Park Market Best Theme Parks In Doha
8
For more coverage click on the link below
https//www.kenresearch.com/media-and-entertainme
nt/gaming-and-gambling/qatar-theme-park-market/110
382-94.html Related Reports by Ken
Research https//www.kenresearch.com/manufacturing
-and-construction/infrastructure/spd-australian-le
gendary-kingdom-theme-park-development-queensland/
76469-97.html https//www.kenresearch.com/media-a
nd-entertainment/gaming-and-gambling/uae-amusement
-park-waterpark-market/108144-94.html https//www
.kenresearch.com/media-and-entertainment/gaming-an
d-gambling/saudi-arabia-theme-park-market/110145-9
4.html
9
Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204
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