Market Trends of Asia-Pacific Amusement Parks Industry
Rising Water Parks and Rides
Post-pandemic Water parks in the Asia Pacific have observed a continuous increase in attendance and business leading to a rise in the activities of water rides and their contribution to amusement parks. The recovering and expanding tourism industry in the region is leading to an increasing demand for water rides with China, Japan, and India emerging as major markets with the largest travel and tourism revenue and driving the market for investment in adventurous and leisure activities of water parks and rides. Over the years Japan has emerged as the country with the largest number of attendance at water rides located in amusement parks, driving the market for amusement parks in the region.
Japan Leading the Asia Pacific Market
Japan exists as a country with leading amusement and theme parks and they lead in attendance globally. Universal Studios, Tokyo Disneyland, and Tokyo Disney-Sea are among some of the leading amusement parks in Japan observing a continuous increase in their attendance rate post covid. The expanding tourism industry in the country with rising expenditure on leisure is leading to an increase in the number of amusement parks and their expansion in the region. The continuously rising urbanization rate, existing at more than 90%, and the rising employment rate are resulting in an increasing number of people able to spend on amusement parks and driving growth opportunities for the market.
