Developing a Theme Park - The First Step
Leisure
Business Advisors LLC (LBA) conducts the feasibility study, the first
step in developing a new theme park. Industry consultants typically
prepare this study for the developer, and it is generally required by
financing institutions or investors.
The study forecasts targeted usage by applying market penetration rates
to market segments. These rates are influenced by market size,
demographics, competition, and the experience of comparable facilities
elsewhere.
The feasibility study also projects potential financial performance and
recommends the maximum development costs that would allow an acceptable
return-on-investment. These are key issues for those developing the
project.
The study also provides initial physical planning parameters to assist
the theme park designer during the design stage of development. It is
critical that the designs are in line with market needs and expected
cash flow. These physical planning guidelines need to be in place
before the construction part of the developing process can start.
Designers, builders, and managers can all benefit from the guidance
provided in the study.
As part of the feasibility study, LBA can work closely with you in
preparing the initial image package that would assist designers in the
design stage of developing a new theme park, which follows the
feasibility stage. We could provide a walk-through description and
color artist conceptual images of your new theme park seen through the
eyes of a typical visitor. These would preliminarily suggest the
general "look and feel" of the new park in financing and marketing
presentations.
John Gerner, our managing director, has been a consultant for more than
20 years and has conducted feasibility studies for those developing
many new theme parks in the United States, Asia, Latin America, the
Middle East, and Europe.
We pride ourselves on prompt service and are also sensitive to time
constraints. If needed, assignments can be accelerated for an extra
fee.
Recent
LBA consulting projects for new theme parks and amusement parks are
described below. These are followed
by a discussion of selected past consulting assignments by John Gerner,
LBA's managing director.
Recent Consulting
Projects for Planned Theme Parks
Recent
LBA international clients include:
- Grupo
Kudla, for a new amusement park in Morocco.
- Chongqing
Kingrun Real Estate, for
a new theme park in central China.
Pavilion Nostalgia
Park (USA)

Pavilion
Nostalgia Park
is located within the Broadway at the Beach tourist complex in Myrtle
Beach, and opened in 2007. During its planning stage, LBA evaluated
Pavilion Nostalgia Park's potential financial performance for Burroughs
& Chapin Co, Inc.
Proposed Disney Theme Park
(Latin America)

The
Walt Disney Company is the leading theme park developer in the world. Its
locations include Disneyland, Walt Disney World, Tokyo Disney Resort,
Disneyland Park (Paris), and Hong Kong Disneyland.
As
a senior consultant with Economics Research Associates (ERA) in the
1980s,
John Gerner evaluated a location in Latin America for a proposed Disney
theme park.
Hopi
Hari (Brazil)


Hopi
Hari is one of the largest theme parks in South America, and is located
near São Paulo in Brazil. It opened in 1999.
As
a subcontractor to International Theme Park Services (ITPS), John
Gerner evaluated the market and financial feasibility of Hopi
Hari.
Nanshan Buddhism Cultural Park
(China)


Nanshan
Buddhism Cultural Park is a major themed attraction within the Nanshan
Culture Tourism Zone in China's Hainan Province. Its centerpiece is the
Guanyin Statue of Hainan, also known as Guan Yin of the South Sea of
Sanya, which is currently the fourth tallest statue in the world. It
was enshrined in 2005.
As
a subcontractor to Economics Research Associates (ERA), John Gerner
evaluated the feasibility of developing this cultural
attraction.
Additional
Information
For
more details on LBA's design process for a new theme park, click
here.

Copyright
@2005-2009 Leisure Business Advisors LLC (aka "Leisure Business
Advisers") and its licensors.
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