Amusement Parks Feeling the Squeeze from Video Games Industry

Teresa F. Lindeman writes, "Lee Alexicos has been in the amusement park business long enough to remember when kids actually had unscheduled time during the summer and were looking for someplace to go -- like maybe Cedar Point in Sandusky, Ohio.

Now, the vice president of marketing for Cedar Fair, the world's sixth most popular amusement park chain, says the competition has changed. "Twenty-five years ago, we weren't competing against a kid that was staying home on Saturday afternoon so he could play Xbox."

Spending on U.S. amusement parks is projected to rise from $11.5 billion in 2006 to $14 billion in 2011, according to PriceWaterhouseCoopers. Meanwhile, the NPD Group estimates U.S. sales of video games, including hardware, software and accessories, which was $12.5 billion in 2006, totaled almost $18 billion last year."

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Boldy4245d ago

Looks like the movie industry profit isn't the only thing that video games is taking a bite out of.

Fallen_Angel4245d ago

I dont really see how video games could effect them that much going to an amusement park is more of a vaction thing not something you just go to for a few hours. Well unless you live close to one maybe. I use to live by one grewing up and we go there when got bore but it was like going to the mall to hang out. We had to pay to get in but didnt go on any rides or anything so they still didnt make much money off us

Seraphim4245d ago

I don't see the link either... It's not like kids are saying I don't want to go on vacation, I want to stay at home to play 360/PS3/Wii. And it's not like the kids themselves have the funds or means to head to an amusement park for the afternoon or for a vacation. Of course unless they live right there where the park is located.

Furthermore I think this would reflect the economy more than video games. Either this is saying people simply don't have the money to bring their kids to amusement parks, or are either traveling to other locations or spending their money elsewhere...

I see no reason video games would affect amusement parks. It makes absolutely no sense at all...

TitanUp4245d ago

don't know i would rather play a game that gave me 12 hours of awesomeness than a ride that last about 5-20 seconds and makes you puke up all over the place.

tweaker4245d ago

I'd take the other way around because I don't puke.

bootsielon4245d ago

You're competing with PerfectStation 3

Maddens Raiders4245d ago

video games are safer than amusement parks anyway. 8D

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