The 2017 U.S. Waterpark Update shows that more than $550 million of new investment was spent in indoor and outdoor waterparks and resorts in North America last year.
H&LA announces the release of our 2017 U.S. Waterpark Update, which was published in the April 2017 issue of World Waterpark Magazine and available on our website.
The waterpark industry continues to expand in North America, with more than $550 million worth of new investment in indoor and outdoor waterparks and their related resorts in 2016. Waterpark related development is expected to grow in 2017, with over 40 expansions and new facilities opening. In 2017, we project 16 municipal and nine private outdoor waterparks will open, outpacing 2016’s nine municipal and five private outdoor additions. We foresee continued, albeit slower, growth in the indoor segment, where an additional 243,000 square feet of waterpark space are planned.
Two of this year’s most anticipated additions are Universal Orlando Volcano Bay in Orlando, Florida, and the Kalahari Resort phase two expansion in Pocono Manor, Pennsylvania. The 30-acre Volcano Bay waterpark will feature 18 state-of-the-art attractions and is poised to set a new standard in the outdoor waterpark market. Kalahari Resort is expanding its current resort to nearly 1,000 guestrooms and will have a 220,000 square foot indoor waterpark. When complete, it will be one of the largest indoor waterpark resorts in North America.
The entire 2017 Update, including lists of 2016 and 2017 opens, expansions, and closures can be read at http://www.hladvisors.com/publications-research/publications-research/publication-details/2017-waterpark-forecast-continued-growth
About Hotel & Leisure Advisors:
H&LA is a national hospitality consulting firm that specializes in appraisals, feasibility studies, impact analyses, economic impact studies, and litigation support for hotels, resorts, waterparks, casinos, conference and convention centers, golf courses, ski resorts and other leisure real estate. Our experienced consultants travel nationwide analyzing hospitality trends, studying leisure industries, and understanding local communities. We focus on our clients’ competitive markets and provide thorough and thoughtful analysis of hospitality properties. Our consultants have analyzed and prepared studies on more than 2,000 properties in more than 45 states, Canada, and the Caribbean. You can reach us via email at email@example.com or via phone at 216-810-5800.
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