Amusement Parks in Florida - Industry Market Research Report

Fun house: Florida industry revenue will rise as inbound and domestic trips climb

Amusement Parks in Florida

The Amusement Parks industry in Florida consists of companies that operate mechanical and water rides, games, themed exhibits, family-friendly shows and refreshment carts on a large plot of land. Florida is home to many of the nation's most well-recognized amusement parks, including Walt Disney World, Universal Studios Florida and SeaWorld Orlando. Since Florida's famous industry establishments attract visitors from all over the world, industry revenue is most heavily influenced by national consumer spending habits and travel patterns. Over the five years to 2019, rising per capita disposable income provided consumers with higher budgets to spend on luxury goods and services, such as admission to amusement parks. The industry is also heavily influenced by both the number of domestic trips within the United States and inbound trips by international tourists. Since Florida's famed amusement parks are considered by many as vacation destinations, demand increases when travel rises. Over the five years to 2024, the analyst expects that similar trends will continue to propel the industry. Both Florida's and the overall country's consumer spending will remain strong, enabling more consumers to pay admission to industry facilities and splurge on high-value extras while there. Furthermore, consumers will continue their high rate of travel both domestically and internationally over the coming years, propelling growth.

Amusement and theme park companies operate mechanical rides, water rides, games, shows, themed exhibits, refreshment stands and other attractions. Establishments may also lease space on a contract basis.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.