Water Park- How to Open Water Park
A water park is an amusement park that features water play areas, such as swimming pools, water slides, splash pads, spray grounds (water playgrounds), lazy rivers, or other recreational bathing, swimming, and barefooting environments. Water parks in more current states of development may also be equipped with some type of artificial surfing or body boarding environment such as a wave pool or Flow Rider.
In ancient India, there was large use of water in the Tapovana, and different Ashrams in the forests. Elephanta caves in the Maharashtra can be considered as Water Park. Now the water park is the good idea of amusement. It is very good assets created by human being to enjoy the natural scenery artificially, if situated near by forest or hilly area.
Amusement water parks generally feature a few water rides, such as the log flume, bumper boats, and rowing boats. Such rides are usually gentler and shorter than roller coasters and many are suitable for all ages. Water rides are especially popular on hot days.
Amusement water parks generally feature a few water rides, such as the log flume, bumper boats, and rowing boats. Such rides are usually gentler and shorter than roller coasters and many are suitable for all ages. Water rides are especially popular on hot days.
Cost Estimation:
Capacity                        :        1000 visitors / Day
Plant & Machinery         :        84 Lakh
Total Capital Investment :Â Â Â Â Â Â Â Â 362 Lakh
Rate of Return                :        41%
Break Even Point            :        38%
Market Outlook
Amusement parks are an integral part of the global leisure and entertainment industry. The industry can be broadly categorised into amusement parks, theme parks and water parks. The sector can also be broadly segmented on the basis of the catchment area that they cater to, along with the type and scale of activities they offer. Global amusement parks can also be classified on the basis of the concepts and themes around which a park/ offering is designed such as thrill & adventure, sports & edutainment, amongst a few.
Every year industry is seeing 15-20 percent growth in the sector – be it expansion of existing parks or the setting up of new ones. The Industry has been growing at a compounded annual growth rate (CAGR) of more than 17.5 percent with annual revenue of approx. INR 17 billion and estimated to grow to at least INR 40 billion by 2020.
Sixty-six percent of the population in India is below 35 years, with the median age of 27 years driving consumption. Younger consumers have high spending power and are open to experiment with newer places and forms of entertainment.
The water park industry has shown continued growth in 2014 with increased numbers of indoor and outdoor water parks being developed throughout the United States and Canada. Our projections for 2015 show a number of new openings will occur throughout North America, which will boost the supply of water parks and increase revenues for this growing industry.
The Indian amusement parks industry is expected to clock 20% CAGR over the next few years to touch Rs 6,000 crore.
The Indian amusement park segment is valued at $400 million (about Rs 2,500 crore), compared to the $25 billion global industry.
The global amusement-park industry is estimated at $25bn, expected to touch $32bn by FY17, a 9% CAGR. There are over 800 amusement parks worldwide with annual attendance of over 700m visitors. The US alone has 50% of the parks and annual visitors. Europe has ~330 amusement parks with annual visits of 165m. Parks in the US and Europe are near maturity levels, whereas Asia has seen rapid growth in visitors in the last seven years.
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How to Start a Water Park Business: A Comprehensive Guide for Startups and Entrepreneurs
Here are frequently asked questions about water parks:
What types of attractions can I expect to find at a water park?
Water parks offer a variety of attractions, including water slides, lazy rivers, wave pools, splash pads, spray grounds, and swimming pools. Some parks also feature artificial surfing or bodyboarding environments, such as a wave pool or Flow Rider. For younger guests, gentler water rides like log flumes, bumper boats, and rowing boats are also popular.
How do water parks contribute to local tourism and recreation?
Water parks are popular recreational destinations that attract visitors of all ages, contributing to the tourism industry. They provide a variety of family-friendly activities, making them appealing to tourists and locals alike. Their proximity to natural areas like forests or hills can also boost tourism in those regions.
How does the water park industry cater to different demographics?
Water parks offer attractions for all ages. For families, there are gentle rides, splash pads, and pools suitable for children. For younger consumers with higher spending power, the parks offer more adventurous rides and surfing or bodyboarding opportunities. The sector has grown with this demographic in mind, providing diverse attractions to cater to different interests.
What are the financial aspects of setting up a water park?
Establishing a water park involves significant initial investment. A park with a capacity of 1,000 visitors per day may require 84 lakh for machinery and 362 lakh in total capital investment. The rate of return is around 41%, with a break-even point at 38%. The industry sees steady growth, with potential for expansion or new park setups.
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