Hotels Market - Statistics & Insights

Hotels overview

The global theme parks market is experiencing steady growth, with 2024 valuations estimated at USD 67.60 billion and a projected CAGR of 6–7%. North America remains the revenue leader, driven by record-breaking attendance at parks in Florida and California, supported by IP-driven expansions such as Super Nintendo World. Regulatory discussions on the federal Ride Safety Act and ASTM standards are reshaping compliance frameworks, while Asia-Pacific is the fastest-growing region, led by China’s water parks, adventure parks and family attractions. Chinese authorities are tightening inspection rules, creating opportunities for advanced monitoring systems. On the trade side, amusement rides and attractions fall under HS Code 9508 requiring specialized import/export permits, tax compliance, and occasional government incentives for park development. Theme parks industry key drivers include rising middle-class leisure demand, tourism growth, and technology integration, such as VR rides, dynamic ticketing systems, and immersive attractions. Sustainability is becoming a strategic focus with water recycling, renewable energy, and eco-friendly park design.

Published by MMR Statistics Research Team, Updated

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