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2023 Economic Review and 2024 Outlook - Amusement and Recreation02-09-24 | News

2023 Economic Review and 2024 Outlook - Amusement and Recreation

Infrastructure
by Staff

Amusement and Recreation

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Business Wire, a Berkshire Hathaway company who specializes in economic data distribution, conducted analysis on the global amusement parks market and found that this sector was valued at $51.6 billion in 2022 and is projected to reach $68.8 billion by 2028, growing at a compound annual growth rate of 4.91%. Rapid urbanization and the growing travel and tourism industry contribute to this expansion. Their report suggests that amusement parks are now offering innovative rides, accommodations, merchandise, and more theme-based attractions. Additionally, the National Recreation and Park Association (NRPA) released its 2023 Park and Recreation Salary Survey in which revealed that the median salary increased about 4.1% to 5.7% for park and recreation professionals. Higher salaries correlate with professional experience, education, and certifications like CPRP and CPRE.
https://tinyurl.com/BussinessWire-23 https://tinyurl.com/NRPA-2023

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