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Travel

The Amusement Park Roller Coaster

Source: https://insights.consumer-edge.com/2021/07/the-amusement-park-roller-coaster/

With this summer promising to be a Super Shot for Amusement Parks after their recent Free Fall, we take a Flying Swing at what May trends indicate for the Fun House to come. In today’s Insight Flash, we look at recent trends in the overall industry, the mix for each park of in-state vs. out-of-state visitors, and whether this summer’s attendance will be driven by loyalists or new visitors.

In May 2021, Amusement Parks overall saw a decline of over -30% in the number of individuals making a purchase versus 2019. Universal Theme Parks was the only brand to see positive growth in the number of individuals, up over 20%. Disney saw the largest decline at almost -50%.

Change in Individuals

Disney did, however, capture the second-largest percentage of out-of-state shoppers in May at 50%. Disney and Six Flags were the only two Amusement Park brands to have more out-of-state customers in May 2021 than in May 2019. Busch Gardens, which had the largest percentage of out-of-state shoppers in May 2019 (62%) and May 2021 (57%), saw the percentage fall -5%. Knott’s Berry Farm had the largest percentage of local customers in both years.

Local vs. Out-of-State Shoppers

Most amusement parks saw spend concentrated in returning shoppers at the peak of the pandemic. Those who had made previous trips were more willing to risk cancellation and an experience filled with masks and capacity restrictions. By May 2021, however, new visitors were beginning to spend on trips again. Busch Gardens had the largest percentage of new visitors both before and after the pandemic, little-changed at over two-thirds. All of the other parks saw an increase in the percentage of new visitors except for Knott’s Berry Farm, where new shoppers dropped to only a third of total customers.

New Customer %

To learn more about the data behind this article and what Consumer Edge Research has to offer, visit www.consumer-edge.com.

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us