AMUSEMENT PARK INDUSTRY RE th Floor Godrej Coliseum So - PDF document

AMUSEMENT PARK INDUSTRY REDIT NALYSIS & SEARCH LTD. 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai – 400 022 December 2012 December 2012 AMUSEMENT PARK INDUS TRY Amusement Park Industry Ready for a high ride...Amusement parks industry in India is more than two decadeold and is still at nascent stage. India’s stint with amusement parks started with opening of Appu Ghar, the first amusement park, in 1984. Major expansion happened in 1990s with opening of Essel World in Mumbai, Nicco Park in Chennai,Ramoji Film City inHyderabad,etcSegmental pyramid of amusement parks in India is substantially flatterwith apreference forsmaller parks. This industry is capital as well as land intensive as large parks require an investment above Rs. 700 millionand land of more than40 acres. As India is waking up to consumption boom, huge capacities are coming up across western, northern and southern part of India near metros and on major highways. Some of the upcoming amusement parkaregoing for tieups with foreign partners for implementing worldclass infrastructureConsidering the footfall it attracts, lot of state governments are proactively engaging intopublicprivate partnership (PPP) modelsto promote amusement parks in their statesAmusement parks in India are shifting from a ‘tandalone park’ model toan ‘Entertainment hub’ model providing facilities like resorts, shopping mall, golfcourse, banquet halls etcin the same premisesNext 34 years will see a huge capacity addition some of the largest parks are being developed across various parts of India taking the amusement park industry in India to the next levelof growthLand acquisition and skyrocketing land prices, lack of ‘singlewindow clearance’ etc are some of the major challenges for the sector. The report elucidates facts on the Indian Amusement Parks industry, supplemented by the latest statistics.The report depicts the topics like overview of Global musement ark industry, overview of Indian tourism industry, segmentation in the amusement park industry, demand drivers, recent and upcoming investment in the sector, financial analysis including revenue segmentation, supply and competition, regulatory overview and outlook on amusement park industry in India. Details of each topic are mentioned in the Table of Contents below.For any queries regarding the content and scope of the reportkindly reach us at careresearch@careratings.com December 2012 AMUSEMENT PARK INDUS TRY Table of Contents Overview of Global & Indian EconomyGlobal EconomyIndian EconomyGrowing per Capita IncomeOverview of Global Amusement Parks IndustryGlobal Amusement Parks Growth TrendsEmerging Trends and Attractions driving the Global FootfallOverview of Indian Tourism IndustryTourism AvenuesTourist Arrivals TrendsGeographical Distribution of Tourist VisitsOutlook on Indian Tourism and Hospitality IndustryIndustry OverviewEvolution of the Amusement Parks IndustryIndustry SizeAverage FootfallCapital Intensive Nature of the IndustryKey Products and ServicesPricing StrategySeasonality of the BusinessIndustry SegmentationDemand DriversDemographic AdvantageRising Income LevelsIncreased Spend on Tourism and Leisure ActivitiesInvestments December 2012 AMUSEMENT PARK INDUS TRY Geographical Distribution of InvestmentsExpected Investments over next 23 yearsFinancial AnalysisRevenue StreamsRevenue Model Single Ticket vs. ‘Payyougo’Revenue Composition Comparison with Global PeersCompetitive LandscapeOverview of the Key PlayersBarriers to EntryPolicy & Regulatory OverviewKey Authorities and Regulatory StructureCurrent State of PoliciesPolicies under ConsiderationOutlookKey Growth DriversOutlook on Footfall, Revenues and New Project December 2012 AMUSEMENT PARK INDUS TRY List of Tables Overview of Global & Indian Economy Growth rates of Developed and Emerging Economies Overview of Global Amusement Parks Industry Dynamics of Amusement/Theme Park Development by Region Timeline Top 10 theme park groups worldwide by footfall (2011) Top 25 amusement/theme parks worldwide by footfall (2011) Industry Overview Amusement Parks Products and Services Industry Segmentation Industry Segmentation Investments Major Projects in the Amusement Parks (Completed and ongoing) Competitive Landscape Competitive Landscape List of Graphs Overview of Global Amusement Parks Industry Revenue Market Share of Various Geographies (CY2011) Overview of Indian Tourism Industry Tourist Growth over the years(CY2007CY2011) Share of Domestic Tourist Visits(CY 2011) Share of Foreign Tourist Visits(CY 2011) December 2012 AMUSEMENT PARK INDUS TRY Demand Drivers Median Age comparison across countries (2012 Estimate) Agewise Distribution India (2011) Agewise Distribution Countrywise (2012 Est.) Indian GDP per Capita (at Constant Prices)(FY06 FY12) Domestic Spend on Tourism Sector (US$ Bn)(CY2005CY2011) Financial Analysis Revenue Composition India vs. Global December 2012 AMUSEMENT PARK INDUS TRY List of CARE Research Industry reports SectorUpdatesSectorUpdates AluminiumMonthlyPassenger Vehicle Monthly 2 Apparel Industry Quarterly 24 Pesticides Quarterly 3 Auto Component @ None 25 Pharmaceutical Monthly 4 Banking Monthly 26 Pipe Quarterly Cement QuarterlyPower GenerationQuarterly 6 Chlor - Alkali Monthly 28 Refining & Marketing Quarterly 7 Coal @ None 29 Renewable Energy Sources Quarterly 8 Commercial Vehicle Monthly 30 Retail Quarterly 9 Construction Quarterly 31 Roads & Highway Quarterly 10 Cotton & Cotton Yarn Quarterly 32 Roads Freight Transport @ None 11 CRAMS Industry Quarterly 33 Shipbuilding Monthly 12 Crude Oil Quarterly 34 Shipping Quarterly 13 Education @ None 35 Steel Monthly 14 Express Service # None 36 Sugar Monthly 15 Gems & Jewellery Monthly 37 Tea - Coffee Industry Monthly 16 Hospital Industry Quarterly 38 Telecom Tower Half Yearly 17 Hotel Monthly 39 Telecom - Wireless Quarterly 18 Iron Ore # None 40 Tractor Quarterly 19 Man Made Fibre Monthly 41 Two Wheeler Monthly 20 Manganese Ore # None 42 Tyre Monthly 21 Natural Gas Quarterly 43 Zinc & Lead Monthly 22 Paper Quarterly # One time report @ Annual updates December 2012 AMUSEMENT PARK INDUS TRY Contact:Revati Kasture revati.kasture@careratings.com Head Industry Research(D): +916754 3465Divyesh Shah divyesh.shah@careratings.com AGM(D):+916754 344Anand Kulkarni anand.kulkarni@careratings.com Dy. Manager(D): +916754 3527CREDIT ANALYSIS & RESEARCH LTD.4th Floor Godrej Coliseum, Off Eastern Express Highway,Somaiya Hospital Road, Sion East, Mumbai 400 022Tel: +91226754 3456 Fax: +91226754 3457All Rights Reserved. No part of this report may be reproduced or transmitted in any form without prior written permission from CAREDISCLAIMERThis report is prepared by CARE Research, a division of redit nalysis & REsearch Limited [CARE]. CARE Research has taken utmost care to ensure accuracy and objectivity while developing this report based on information available in public domain. However, neither the accuracy nor completeness of information contained in this report is guaranteed. CARE Research operates independently of ratings division and this report does not contain any confidential information obtained byratings division, which they may have obtained in the regular course of operations. The opinionexpressed in this report cannot be compared to the rating assigned to the company within this industry by the ratings division. The opinion expressed is also not a recommendation to buy, sell or hold an instrument. CARE Research is not responsible for any errors or omissions in analysis/inferences/views or for results obtained from the use of information contained in this report and especially states that CARE (including all divisions) has no financial liability whatsoever to the user of this product. This report is for the information of the intended recipients only and no part of this report may be published or reproduced in any form or manner without prior written permission of CARE Research. Published by Credit Analysis & REsearch Ltd. 4th Floor Godrej Coliseum, Off Eastern Express Highway,Somaiya Hospital Road, Sion East, Mumbai Tel: +916754 3456 Fax: +91 December 2012 AMUSEMENT PARK INDUS TRY HEAD OFFICEMumbai4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai 400 022 Tel: +916754 3456, Fax: +916754 3457.REGIONAL OFFICESNew Delhi:Floor, B47, Inner Circle, Near Plaza Cinema,Connaught Place, New Delhi 110 001Tel: +912331 8701 / 2371 6199 / 2332 8524.Kolkata:3rd Floor, Prasad Chambers (Shagun Mall Building),10A, Shakespeare Sarani, Kolkata 700 0717Tel: +91 40181600/40181602.Chennai:Unit No. O509/C, Spencer Plaza, 5th Floor, No. 769, Anna Salai, Chennai 600 002Tel: +912849 7812/2849 0811Ahmedabad: 32, Titanium, Prahaladnagar Corporate Road, Satellite, Ahmedabad Tel: +9140265656.Hyderabad:401, Ashoka Scintilla, 3520, Himayat Nagar, Hyderabad 500 029Tel: +9140102030Bangalore:Unit No. 8, I floor, Commander's Place, No. 6, Raja Ram Mohan Roy Road, (Opp. P F Office), Richmond Circle, Bangalore 560 025 Tel: +9122117140/41/41150445Pune: 9th Floor, Pride Kumar Senate,Bhamburda, Senapati Bapat Road,Shivaji Nagar, PuneTel: +9141201362Jaipur304, Pashupati Akshat Heights, Plot No. D91, Madho Singh Road, Near Collectorate Circle, Bani Park,Jaipur 302016. Tel: +9101414020213/14