Project Report For Amusement Park
The project report for Amusement Park is as follows.
When compared to its origins in the United States and Europe, the amusement and theme park business in India is just approximately 20 years old. This business began in India in the late 1980s, when some creative businessmen undertook on the role in developing a few amusement parks in Delhi, Kolkata, Mumbai, and Chennai. This sector just begun to expand over the last decade, probably as a result of the onset of globalization, whenever the economic importance of social capital became apparent.
Amusement parks are recreational facilities that provide a diverse range of entertaining alternatives, varying from theme parks to spine-chilling roller coasters, 3D theatres to gigantic wheels. These parks serve as a one-stop shopping for free time and amusement for the family members in one location, and they are a major source of domestic and international tourism as well as revenue creation for the state. From across country, the desire for entertainment alternatives like amusement parks, I-max theatres, and shopping malls is quickly growing. The major demand factors for the segments include a growing middle-class base, increased disposable income, changing lifestyles, cultural shifts, and a greater focus on living a balanced life of work & recreation.
Market potential & Strategy
Domestic tourism grew at a 14 percent annual rate over the previous decade, and is now projected to be worth $527 million. In comparison, the amusement park business produced only 15 million visitors last year. Domestic and foreign visitors account for more than half of overall footfall at famous amusement parks worldwide. As a result, we may anticipate a significant rise in visitation at amusement parks in India, as major parks in India increasingly transition to bigger destination parks with additional expenditures, following in the footsteps of major worldwide parks.
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