Only 27% Of Chinese Citizens Have Visited Amusement Parks, And Demand Is Now Growing Golden Heaven (NASDAQ: GDHG) Plans To Ride The Wave
–News Direct–
By Meg Flippin, Benzinga
The amusement park industry is having a moment in China, with interest in this form of entertainment growing. It doesnt hurt that only 27% of the population in China has visited a theme park, presenting a big opportunity to reach the 1.4 billion people who live there.
Habits learned during the pandemic are helping drive growth in the industry. With heavy restrictions on international travel, local trips became the only option. That attitude toward travel remains today, which is driving the popularity of amusement parks. In 2019, the Chinese amusement park market was valued at RMB 40 billion. By the end of 2025, McKinsey projects it will grow to over RMB 90 billion.
One company that appears to be benefiting from this trend is Golden Heaven Group Ho...