
A new report shows that the theme park business, including Disney, is expected to grow over the next five years after slow attendance in recent years.
IBISWorld, a Santa Monica-based market research firm, predicts that theme parks should see 3.1 percent growth annually, or $12.1 billion, over the next five years, according to a report released last week. This year alone, revenue is expected to increase by 1.7 percent, or $10.4 billion.
“I think a lot of it is generally tied to the recovery of the economy and people having more disposable income to spend,” said Nima Samadi, an analyst for IBISWorld.
Last year, U.S. theme parks overall had dismal attendance, with revenues plummeting by 8.6 percent. Disney venues, however, were the only major U.S. parks to bring in more visitors.
Pictured above: an aerial view of the Magic Kingdom at Walt Disney World in Florida, as well as the COntemporary Resort hotel and Bay Lake.