Recently Celebrating Life co-organized with blooloop.com the third blooloopLIVE Asia event in Singapore at the Asian Civilisations Museum. The attendees’ feedback was overwhelmingly positive, especially on the quality of the content. Among the highlights were Wonwhee Kim from The ParkDB who shared with us a very well put together history of Singapore attractions and Kevin Barbee who took us on a journey into branding and theme parks.
This put me in a reflective mood and I started looking back at what happened in our industry in the last few months. I thought I would share with you two of the major trends I believe are affecting us and could shape our industry in the future.
A new model of theme park development
In the last few years we have seen the emergence of a new model of theme park development through partnerships between experienced private investors and/or operators and state-owned companies to develop world-class theme parks in better locations and in more integrated ways.
Shanghai Disneyland is the proof-of-concept with one of Disney’s best parks and 11 million visitors in the first year of operation. Universal Studios Beijing seems to be following the same path with a product expected to be of the highest quality. In Malaysia, LEGOLAND Malaysia Resort as well as the newly opened Movie Animation Park Studios are other examples of such partnerships. In Indonesia we are excited about the $200million Sea World announced by Ancol in Jakarta.
These partnerships are not easy and all the above mentioned projects have taken a long time and gone through much pain but the outcome from a product and sustainability perspective is by far better than the alternative model of private developers building theme parks in exchange for government favors or land. The best example of such failure is Wanda Movie Park, which was forced to close after only 18 months of operation.
In-mall themed attractions
With the retail environment changing fast due to the rise of online retail and oversupply of malls, developers are increasingly looking at themed attractions as new anchors for a more lifestyle offering. This is probably the biggest growth opportunity for our industry in the region in the next few years.
Taman Safari Indonesia partnered with Aquawalk (Aquaria KLCC) to open Jakarta Aquarium at one of Jakarta’s busiest malls, Central Park. Aquawalk is also working with the Central Group to open an aquarium in Phuket’s largest mall and back home it is working on a variety of FEC projects with the first one opening in one of Kuala Lumpur’s largest mall (Midvalley Mega Mall) end of 2017.
In China, the first SEA LIFE aquarium and LEGOLAND Discovery Centre recently opened in Chongqing and Shanghai respectively. Shenyang K11 will also see these two popular in-mall brands by Merlin Entertainments together with a new concept by IP2 Entertainment under National Geographic license.
KidZania is continuing its expansion; after opening Manila and Singapore the popular franchise recently announced Surabaya, Indonesia.
The question is who will be the next KidZania or LEGOLAND Discovery Centre in the region? A lot of IP owners (BBC, Cartoon Network, Mattel, Hasbro, Line, etc) are keen to enter that space but they will need to establish a winning concept before rolling it out in the many malls crying for help.