Home News Massive UAE, Dubai theme parks to rival USA

Massive UAE, Dubai theme parks to rival USA

0
SHARE

Theme park revenues to stretch towards $1 billion in 2019
Theme park revenues in the United Arab Emirates will leap up by 78% from $470 million in 2015 to $837 million in 2019, due to pipeline developments, a recently released Euromonitor International report for The Leisure Show Dubai 2015 forecasts.
The UAE has five theme parks under development including three within the massive Dubai Parks and Resorts development due to open next year: motiongate Dubai, Bollywood Parks Dubai and Legoland Dubai.
The other two are IMG Worlds of Adventure (2016) and Warner Bros. (2018) on Abu Dhabi’s Yas Island.
At The Leisure Show Dubai 2015 on September 28-30, PwC Middle East will discuss “UAE’s transformation into a world-class leisure and entertainment destination” as part of the MEGA Trends panel at the Vision Conference.
“Globally, theme parks in Europe, the Far East and the USA, Orlando in particular, dominate the market. 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,” PwC Middle East hospitality and leisure chief Philip Shepherd commented.
“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.”
However, PwC adds that theme park success in the UAE will depend on collaborative work between attractions and hotels.
The region is also experiencing the construction of three major museums and two safari parks alongside the record-breaking Meydan One mega-project in Dubai with the world’s longest indoor ski slope, as well as other world-class attractions by 2020.
“This is arguably the most leisure developments currently underway in one location in the world and is a huge undertaking. But if anywhere in the world has the resources, vision and power to pull it off, I believe it is the UAE,” said Phil Taylor of Leisure Show Dubai 2015.
TTG MENA

LEAVE A REPLY

Please enter your comment!
Please enter your name here

2 × five =