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PwC report suggests UAE to become serious theme park competitor to Orlando by 2021
POSTED 11 Sep 2015 . BY Tom Anstey
New research from Pricewaterhousecoopers’ (PwC) Middle East division has suggested that the UAE is starting to challenge for the capital of global entertainment and leisure crown as theme park revenues have been forecast to shoot up 78 per cent by 2019, with the region becoming a serious competitor to Orlando by 2021.

Increasing from AED1.7bn (US$470m, €420m, £306m) in 2015 to a predicted AED3bn (US$837m, €748m, £545m) in 2019, UAE’s transformation into a world-class leisure and entertainment destination, which was released as part of the ‘Mega Trends’ panel at September’s Vision Conference held in Dubai, cited five major theme parks currently under development, three of which are part of the AED10bn (US$2.7bn, €2.4bn, £1.8bn) Motiongate Dubai mega-resort, as a reason for the significant increase in the coming years.

As recently as Aecom’s 2013 Theme Park Index, no Middle East attractions appeared among the top 25 theme parks worldwide, though this is predicted to change at a rapid pace with the establishment of the UAE as an ‘Orlando 2.0’.

“Globally, theme parks in Europe, the Far East and the US, Orlando in particular, dominate the market," said Philip Shepherd, Middle East Hospitality and Leisure leader at PwC speaking at the trends panel.

“However, theme parks in the UAE have the potential to see over 18 million visits by 2021, versus Hong Kong’s 15 million, where venues including Ocean Park and Hong Kong Disneyland and have previously dominated top theme parks in the world lists. With its central global location and excellent hospitality facilities, we predict the UAE has the potential to become a serious rival to theme park world leader Orlando by 2021.”

The theme parks currently under development by Dubai Parks and Resorts, including Legoland Dubai, Motiongate Dubai and Bollywood Parks Dubai, are expected to generate Dh2.4bn (US$653m, €584m, £423m) in revenue in their first year of operations and create 5,000 new jobs. At the Dubai Entertainment, Amusement and Leisure (DEAL) show in June, organisers of the conference said that Dubai’s theme parks would be generating US$5bn (€4.5bn, £3.1bn) annually by 2020, the year of the Dubai Expo.

The PwC report says that ultimate success in the theme park realm will be dependent on successful collaboration between the region’s Emirates, hotels and other visitor attractions to provide a complementary and complete offering to tourists. The UAE’s government is currently in the process of attempting to double the number of tourist arrivals over the next six years to more than 30 million visitors a year. The report also cited good inbound and internal transportation links, a wide selection of hotels, plenty of retail and restaurant outlets, plus existing theme park and leisure attractions as key enablers for the predicted boom.
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Dubai's theme park sector to be worth US$5bn a year by 2020, says DEAL chair


Dubai’s theme parks will generate US$5bn (€4.5bn, £3.1bn) annually by 2020, according to the organisers of the Dubai Entertainment, Amusement and Leisure (DEAL) show.
IMG Worlds of Adventure masterplanner Falcon's Creative unveils Avengers ride


Design firm Falcon’s Creative Group have revealed new details about the Avengers ride coming to IMG Worlds of Adventure theme park in Dubai, with stereoscopic 3D media to combine with an elaborate physical environment and special effects to bring the Marvel Universe to life.
Lego waterpark latest addition to AED10bn Dubai mega resort


Already welcoming a Legoland theme park as part of the upcoming Dubai Parks and Resorts development in the UAE, Merlin Entertainments has confirmed that the AED10bn (US$2.7bn, €2.5bn, £1.8bn) mega-development will also include a Lego waterpark in its lineup.
Hunger Games confirmed for Motiongate Dubai as part of Lionsgate Zone


Following news that Lionsgate was “deep into conversation” with potential theme park partners on four different continents for a Hunger Games theme park, the team behind the upcoming AED10bn (US$2.7bn, €2.5bn, £1.8bn) Dubai Parks and Resorts development has confirmed Motiongate Dubai will include a Lionsgate Zone, featuring the popular IP.
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NEWS
PwC report suggests UAE to become serious theme park competitor to Orlando by 2021
POSTED 11 Sep 2015 . BY Tom Anstey
New research from Pricewaterhousecoopers’ (PwC) Middle East division has suggested that the UAE is starting to challenge for the capital of global entertainment and leisure crown as theme park revenues have been forecast to shoot up 78 per cent by 2019, with the region becoming a serious competitor to Orlando by 2021.

Increasing from AED1.7bn (US$470m, €420m, £306m) in 2015 to a predicted AED3bn (US$837m, €748m, £545m) in 2019, UAE’s transformation into a world-class leisure and entertainment destination, which was released as part of the ‘Mega Trends’ panel at September’s Vision Conference held in Dubai, cited five major theme parks currently under development, three of which are part of the AED10bn (US$2.7bn, €2.4bn, £1.8bn) Motiongate Dubai mega-resort, as a reason for the significant increase in the coming years.

As recently as Aecom’s 2013 Theme Park Index, no Middle East attractions appeared among the top 25 theme parks worldwide, though this is predicted to change at a rapid pace with the establishment of the UAE as an ‘Orlando 2.0’.

“Globally, theme parks in Europe, the Far East and the US, Orlando in particular, dominate the market," said Philip Shepherd, Middle East Hospitality and Leisure leader at PwC speaking at the trends panel.

“However, theme parks in the UAE have the potential to see over 18 million visits by 2021, versus Hong Kong’s 15 million, where venues including Ocean Park and Hong Kong Disneyland and have previously dominated top theme parks in the world lists. With its central global location and excellent hospitality facilities, we predict the UAE has the potential to become a serious rival to theme park world leader Orlando by 2021.”

The theme parks currently under development by Dubai Parks and Resorts, including Legoland Dubai, Motiongate Dubai and Bollywood Parks Dubai, are expected to generate Dh2.4bn (US$653m, €584m, £423m) in revenue in their first year of operations and create 5,000 new jobs. At the Dubai Entertainment, Amusement and Leisure (DEAL) show in June, organisers of the conference said that Dubai’s theme parks would be generating US$5bn (€4.5bn, £3.1bn) annually by 2020, the year of the Dubai Expo.

The PwC report says that ultimate success in the theme park realm will be dependent on successful collaboration between the region’s Emirates, hotels and other visitor attractions to provide a complementary and complete offering to tourists. The UAE’s government is currently in the process of attempting to double the number of tourist arrivals over the next six years to more than 30 million visitors a year. The report also cited good inbound and internal transportation links, a wide selection of hotels, plenty of retail and restaurant outlets, plus existing theme park and leisure attractions as key enablers for the predicted boom.
RELATED STORIES
Dubai's theme park sector to be worth US$5bn a year by 2020, says DEAL chair


Dubai’s theme parks will generate US$5bn (€4.5bn, £3.1bn) annually by 2020, according to the organisers of the Dubai Entertainment, Amusement and Leisure (DEAL) show.
IMG Worlds of Adventure masterplanner Falcon's Creative unveils Avengers ride


Design firm Falcon’s Creative Group have revealed new details about the Avengers ride coming to IMG Worlds of Adventure theme park in Dubai, with stereoscopic 3D media to combine with an elaborate physical environment and special effects to bring the Marvel Universe to life.
Lego waterpark latest addition to AED10bn Dubai mega resort


Already welcoming a Legoland theme park as part of the upcoming Dubai Parks and Resorts development in the UAE, Merlin Entertainments has confirmed that the AED10bn (US$2.7bn, €2.5bn, £1.8bn) mega-development will also include a Lego waterpark in its lineup.
Hunger Games confirmed for Motiongate Dubai as part of Lionsgate Zone


Following news that Lionsgate was “deep into conversation” with potential theme park partners on four different continents for a Hunger Games theme park, the team behind the upcoming AED10bn (US$2.7bn, €2.5bn, £1.8bn) Dubai Parks and Resorts development has confirmed Motiongate Dubai will include a Lionsgate Zone, featuring the popular IP.
MORE NEWS
Norwegian brewery partners with COBE to create Stavanger waterfront attraction
Danish architects COBE and Norwegian beer maker Lervig have unveiled plans for a major waterfront visitor centre and brewery in Stavanger, Norway.
Designs revealed for new aquatics centre on an artificial quay in Copenhagen’s harbour
Stunning designs have been revealed for Copenhagen's new Water Culture Centre, which will feature outdoor and indoor pools, waterfalls, harbour baths and sports facilities.
Bayeux Tapestry coming to Britain for first time in 950 years
The Bayeux Tapestry is set to be loaned to a British museum for the first time in nearly a millennium.
World's highest Ferris wheel to sit atop RM2.2bn FA Porsche building
A Ferris wheel in Malaysia will become the world’s highest when it opens as part of the under-construction 78-storey M101 Skywheel in Kuala Lumpur.
More news>
LATEST JOBS
Casino Manager
Landers Recruitment
Salary: £30,000
Location: Manchester, United Kingdom
Director of Operations
WWT
Salary: £78,000 p.a.
Location: Slimbridge, Gloucestershire, United Kingdom
Head of Product Excellence
Legoland
Salary: Competitive
Location: Winter Haven, FL, United States
Customer Insights and Analytics Manager
Merlin Entertainments Group
Salary: Competitive
Location: New York, NY, United States
General Manager
Sea Life
Salary: Competitive
Location: Concord, NC, United States
Duty Manager
Madame Tussauds
Salary: Competitive
Location: Washington, DC, United States



 
 
ADVERTISE . CONTACT US

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Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

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NEWS
PwC report suggests UAE to become serious theme park competitor to Orlando by 2021
POSTED 11 Sep 2015 . BY Tom Anstey
New research from Pricewaterhousecoopers’ (PwC) Middle East division has suggested that the UAE is starting to challenge for the capital of global entertainment and leisure crown as theme park revenues have been forecast to shoot up 78 per cent by 2019, with the region becoming a serious competitor to Orlando by 2021.

Increasing from AED1.7bn (US$470m, €420m, £306m) in 2015 to a predicted AED3bn (US$837m, €748m, £545m) in 2019, UAE’s transformation into a world-class leisure and entertainment destination, which was released as part of the ‘Mega Trends’ panel at September’s Vision Conference held in Dubai, cited five major theme parks currently under development, three of which are part of the AED10bn (US$2.7bn, €2.4bn, £1.8bn) Motiongate Dubai mega-resort, as a reason for the significant increase in the coming years.

As recently as Aecom’s 2013 Theme Park Index, no Middle East attractions appeared among the top 25 theme parks worldwide, though this is predicted to change at a rapid pace with the establishment of the UAE as an ‘Orlando 2.0’.

“Globally, theme parks in Europe, the Far East and the US, Orlando in particular, dominate the market," said Philip Shepherd, Middle East Hospitality and Leisure leader at PwC speaking at the trends panel.

“However, theme parks in the UAE have the potential to see over 18 million visits by 2021, versus Hong Kong’s 15 million, where venues including Ocean Park and Hong Kong Disneyland and have previously dominated top theme parks in the world lists. With its central global location and excellent hospitality facilities, we predict the UAE has the potential to become a serious rival to theme park world leader Orlando by 2021.”

The theme parks currently under development by Dubai Parks and Resorts, including Legoland Dubai, Motiongate Dubai and Bollywood Parks Dubai, are expected to generate Dh2.4bn (US$653m, €584m, £423m) in revenue in their first year of operations and create 5,000 new jobs. At the Dubai Entertainment, Amusement and Leisure (DEAL) show in June, organisers of the conference said that Dubai’s theme parks would be generating US$5bn (€4.5bn, £3.1bn) annually by 2020, the year of the Dubai Expo.

The PwC report says that ultimate success in the theme park realm will be dependent on successful collaboration between the region’s Emirates, hotels and other visitor attractions to provide a complementary and complete offering to tourists. The UAE’s government is currently in the process of attempting to double the number of tourist arrivals over the next six years to more than 30 million visitors a year. The report also cited good inbound and internal transportation links, a wide selection of hotels, plenty of retail and restaurant outlets, plus existing theme park and leisure attractions as key enablers for the predicted boom.
RELATED STORIES
Dubai's theme park sector to be worth US$5bn a year by 2020, says DEAL chair


Dubai’s theme parks will generate US$5bn (€4.5bn, £3.1bn) annually by 2020, according to the organisers of the Dubai Entertainment, Amusement and Leisure (DEAL) show.
IMG Worlds of Adventure masterplanner Falcon's Creative unveils Avengers ride


Design firm Falcon’s Creative Group have revealed new details about the Avengers ride coming to IMG Worlds of Adventure theme park in Dubai, with stereoscopic 3D media to combine with an elaborate physical environment and special effects to bring the Marvel Universe to life.
Lego waterpark latest addition to AED10bn Dubai mega resort


Already welcoming a Legoland theme park as part of the upcoming Dubai Parks and Resorts development in the UAE, Merlin Entertainments has confirmed that the AED10bn (US$2.7bn, €2.5bn, £1.8bn) mega-development will also include a Lego waterpark in its lineup.
Hunger Games confirmed for Motiongate Dubai as part of Lionsgate Zone


Following news that Lionsgate was “deep into conversation” with potential theme park partners on four different continents for a Hunger Games theme park, the team behind the upcoming AED10bn (US$2.7bn, €2.5bn, £1.8bn) Dubai Parks and Resorts development has confirmed Motiongate Dubai will include a Lionsgate Zone, featuring the popular IP.
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS