Market Share of Recreation Services Industry
The recreation services market is moderately competitive and consists of several major players. Companies are focusing on utilizing new service technologies to increase customer experience standards. Additionally, businesses are performing collaborations and global expansions to broaden the breadth of their service offerings.
In November 2022, MGM Resorts said it would produce an exclusive live event for the Formula 1 Las Vegas Grand Prix in November 2023, allowing spectators to watch the race from the bleachers next to the Bellagio. The company offers two package options for seeing the race from the stands. The Bellagio Grandstands offer seating with a runway view, and the Paddock Grandstands offer a start/finish line view.
In April 2022, Merlin Entertainments Limited announced that it had entered into a formal multi-territory exclusivity agreement with Sony Pictures Entertainment to create and manage attractions, rides, lands, retail establishments, and themed hotel rooms based on the successful Jumanji property. Merlin's theme parks and waterparks in Europe and North America would have "Jumanji" attractions.
In March 2022, the chairman of Las Vegas Sands revealed that the company had been planning to build an integrated resort within Asia. Goldstein mentioned the company's intention to pursue new developments domestically in the United States and Asia following the recent USD 6.25 billion sales of its Las Vegas assets. The business had indicated an interest in Thailand and was working toward an IR license in Yokohama, Japan.
Recreation Services Market Leaders
The Walt Disney Company
Universal Studios
Las Vegas Sands
Bourne Leisure Holdings Limited
Merlin Entertainment Group
*Disclaimer: Major Players sorted in no particular order
