Asia has exceeded North America to become the world’s largest theme park market in attendance, and the region is expected to attract 453 million visits this year and 540 million in 2019. Total spending at parks, although behind North America, is projected to increase from $16 billion to $20 billion over the same period.
The theme park market is expected to grow in Asia-Pacific at a 6.7 percent compound annual growth rate (CAGR) to $540 million in 2019. By 2019, Asia-Pacific will account for 45 percent of global attendance.
Malaysia, -Indonesia, Thailand, and the Philippines all have a large, fast-growing middle-class and young population. For Malaysia in particular, the emergence of an affluent middle-class that would like to enjoy its wealth has encouraged the government and international entertainment brands to invest heavily in the leisure and attractions industry.
Malaysian tourism authorities are highlighting how the nation is becoming the ‘theme park capital’ of South East Asia, with almost 20 theme parks and water parks spread around the country, and with further attractions scheduled to open in the coming years.
Resorts and Attractions Asia Conference is Escom’ s newly inaugurated conference aiming at attracting more than 250 Investors, Developers, Operators, Designers, Consultants, Government Officials involved in Theme Park, Leisure & Entertainment industries to dissect the market trends, exchange knowledge, forge partnerships in the regional markets.
When: March 13-14, 2018 Where: Kuala Lumpur, Malaysia