China's amusement & leisure market
China is on track to becoming world’s largest amusement, attractions and leisure market by 2020.Exceeding 40 billion RMB in domestic market size in 2016, China’s amusement park industry is a booming sector of the Chinese economy. With rapid projected growth in the next 5 years, the amusement park industry has been in the midst of a robust age of development, with both domestic and foreign companies participating in an effort to mature this entertainment sector in high demand from Chinese consumers. In 2015, 21 theme parks opened across China, and 20 more are in the process of construction. In 2016, 65 more were undergoing planning. Since then, major Amusement parks such as Disneyland, Universal Studios, Fantawild Parks, and Wanda Parks have opened its doors, and many more are on track to open within the next 5 years. In 2017, over half a billion Chinese people visited an amusement park site. China’s Amusement park spending is marked to pass $6 billion by 2019, making it the fastest growing market in the area.