The Future Of The Theme Park Industry, How Advanced Technologies Can Revolutionize The Theme Park Industry, And The Benefits Of Companies Leveraging Robots In The Theme Park Industry

The Future Of The Theme Park Industry, How Advanced Technologies Can Revolutionize The Theme Park Industry, And The Benefits Of Companies Leveraging Robots In The Theme Park Industry
Author: Dr. Harrison Sachs
Publisher: The Epic Books Of Dr. Harrison Sachs
Total Pages: 42
Release: 2020-07-08
Genre: Business & Economics
ISBN:

This essay sheds light on the future of the theme park industry, explicates how advanced technologies can revolutionize the theme park industry, and demystifies the benefits of companies leveraging robots in the theme park industry. The future of the theme park industry will not only be characterized by dynamism as it continues to metaphorically evolve, but will also be eminently auspicious for competitors in the theme park industry. Technological advancements are profoundly changing the theme park industry and are rendering it all the more of a technology-driven industry. The behemoth theme park industry shows no signs of contracting anytime in the imminent future. Theme parks are also known as “a type of amusement park”. The rides and attractions of theme parks are often based on “a central theme”. Theme parks often feature a multitude of “areas with disparate themes”. Competitors in the theme park industry are aptly poised to have lucrative and auspicious futures as more tourists visit theme parks and as the popular franchise-based attractions of theme parks garner more interest worldwide among customers. “The global amusement parks market size was valued at $45,200,000,000 in 2017” (“Amusement Parks Market,” 2018). “Amusement Parks market size is set to grow at a compound annual growth of 6.2% during 2020-2025, projected to reach $72,440,000,000 by 2025” (“Amusement Parks Market,” n.d.). There are a multitude of reasons as to why the theme park industry is projected to expand in the pending future. “Innovative rides, accommodation facilities, and merchandise in amusement parks are gaining popularity among visitors of all age groups. As a result, there is a rise in the number of adults and children visiting amusement parks, thus expanding the size of the target audience. Sale of merchandise and food and beverages through retail outlets and restaurants located inside the amusement parks are anticipated to be the key sources of ancillary revenue for amusement parks. Additionally, increasing urban population, international tourism, and rising disposable income of middle-class population are providing an upthrust to the amusement park market worldwide” (“Amusement Parks Market,” 2018). There are ample factors that are able to accelerate the growth of the behemoth theme park industry. The rapid growth of the global population can also contribute to the robust growth of the theme park industry. Theme parks are replete with franchise-based attractions that manage to garner interest worldwide among customers. Theme parks allow people to experience unalloyed excitement and provide a thrilling divertissement which causes people to divert their attention away from dwelling on stressors. In the coming years, more virtual reality technologies will be apt to be ushered into theme parks. Virtual reality technologies can be utilized (“How Technological Advancements,” n.d.) in order to render “rides more entertaining and immersive, transporting riders to a world entirely separate from their own. Virtual reality technologies allow theme park owners to revitalize existing rides and create a brand-new experience through a software update instead of an overhaul of physical infrastructure” (“How Technological Advancements,” n.d.). Virtual reality technologies can allow existing rides to become all the more immersive, engrossing, and dynamic. It is possible for theme park companies to furnish customers with a robust virtual reality experience without the customers needing to wear bulky virtual reality headsets to experience virtual reality. Virtual reality technologies can allow creative theme park ride designers to eminently revamp rides to the extent that the customer feels as though they have been transported into a vibrant fantasy world. Ample “rides at Universal Studios Hollywood, for instance, already feature HD and 3D screens that create an immersive ride experience without the hassle of a headset” (“How Technological Advancements,” n.d.). It stands to preponderantly reason that the future of the theme park industry will be apt to feature more virtual reality rides for customers to indulge in experiencing. In the coming years, more augmented reality technologies will be apt to be ushered into theme parks. Augmented reality technologies are able to digitize the real world by “overlaying digital elements on top of the real world” (“How Technological Advancements,” n.d.).

Digital Transformation in Aviation, Tourism and Hospitality in Southeast Asia

Digital Transformation in Aviation, Tourism and Hospitality in Southeast Asia
Author: Azizul Hassan
Publisher: Taylor & Francis
Total Pages: 207
Release: 2022-11-17
Genre: Business & Economics
ISBN: 1000772349

Technological advances and the drive to digitalize business processes in aviation, tourism, and hospitality have forced the industries to go along with the digital movement. The results are often mixed. This book brings together contributions from leading scholars in the field and explores the digital transformation in these industries in Southeast Asia. The book looks at the impact of digital transformation on the region and the issues and challenges brought about by this transformation. It also addresses trends in the industries from blockchain technology, AI, biometric and mobile technology applications to in-flight catering. It examines the impact of COVID-19 on the industries and how the pandemic has led to businesses adopting new business models. Through the case studies of digital adoptions in the region, readers will gain insights on how the countries have leveraged new technologies and the implementation processes to drive digital transformation. The book aims to help scholars and policy makers understand the digital advances in the industries to better formulate responses in research and policy making and deliver effective digital transformation.

Robots, Artificial Intelligence and Service Automation in Travel, Tourism and Hospitality

Robots, Artificial Intelligence and Service Automation in Travel, Tourism and Hospitality
Author: Stanislav Ivanov
Publisher: Emerald Group Publishing
Total Pages: 361
Release: 2019-10-14
Genre: Business & Economics
ISBN: 1787566897

Using a combination of theoretical discussion and real-world case studies, this book focuses on current and future use of RAISA technologies in the tourism economy, including examples from the hotel, restaurant, travel agency, museum, and events industries.

The Global Theme Park Industry

The Global Theme Park Industry
Author: Salvador Anton Clavé
Publisher: CABI
Total Pages: 483
Release: 2007
Genre: Amusement parks
ISBN: 1845932102

From the first pleasure gardens to the global theme park companies, this book provides an understanding of the nature and function of theme parks as spaces of entertainment. It portrays the impacts of theme parks as global competitive actors, agents of global development and cultural symbols, in the context of their role in the developing economy.

Popular Science

Popular Science
Author:
Publisher:
Total Pages: 182
Release: 2004-12
Genre:
ISBN:

Popular Science gives our readers the information and tools to improve their technology and their world. The core belief that Popular Science and our readers share: The future is going to be better, and science and technology are the driving forces that will help make it better.

Popular Science

Popular Science
Author:
Publisher:
Total Pages: 128
Release: 2007-05
Genre:
ISBN:

Popular Science gives our readers the information and tools to improve their technology and their world. The core belief that Popular Science and our readers share: The future is going to be better, and science and technology are the driving forces that will help make it better.

Popular Science

Popular Science
Author:
Publisher:
Total Pages: 186
Release: 2004-09
Genre:
ISBN:

Popular Science gives our readers the information and tools to improve their technology and their world. The core belief that Popular Science and our readers share: The future is going to be better, and science and technology are the driving forces that will help make it better.

Digital and Social Media Marketing

Digital and Social Media Marketing
Author: Nripendra P. Rana
Publisher: Springer Nature
Total Pages: 337
Release: 2019-11-11
Genre: Business & Economics
ISBN: 3030243745

This book examines issues and implications of digital and social media marketing for emerging markets. These markets necessitate substantial adaptations of developed theories and approaches employed in the Western world. The book investigates problems specific to emerging markets, while identifying new theoretical constructs and practical applications of digital marketing. It addresses topics such as electronic word of mouth (eWOM), demographic differences in digital marketing, mobile marketing, search engine advertising, among others. A radical increase in both temporal and geographical reach is empowering consumers to exert influence on brands, products, and services. Information and Communication Technologies (ICTs) and digital media are having a significant impact on the way people communicate and fulfil their socio-economic, emotional and material needs. These technologies are also being harnessed by businesses for various purposes including distribution and selling of goods, retailing of consumer services, customer relationship management, and influencing consumer behaviour by employing digital marketing practices. This book considers this, as it examines the practice and research related to digital and social media marketing.

The Fourth Industrial Revolution

The Fourth Industrial Revolution
Author: Klaus Schwab
Publisher: Crown Currency
Total Pages: 194
Release: 2017-01-03
Genre: Business & Economics
ISBN: 1524758876

World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.