Navigating the Future: The IAAPI Amusement Expo 2024 and the Evolving Landscape of India's Amusement Industry - Hindustan Times
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Navigating the Future: The IAAPI Amusement Expo 2024 and the Evolving Landscape of India's Amusement Industry

Published on Feb 19, 2024 06:50 PM IST

The IAAPI Amusement Expo 2024 transcends the traditional bounds of an industry event to become a beacon for the future of the amusement sector.

The 22nd edition of the Indian Association of Amusement Parks and Industries (IAAPI) Amusement Expo is scheduled from February 27th to 29th, 2024, at the Bombay Exhibition Centre, Mumbai.
The 22nd edition of the Indian Association of Amusement Parks and Industries (IAAPI) Amusement Expo is scheduled from February 27th to 29th, 2024, at the Bombay Exhibition Centre, Mumbai.
ByHT Brand Studio

Mumbai (Maharashtra) [India], February 17: As the IAAPI Amusement Expo 2024 approaches, the Indian amusement industry is poised for a transformative phase, propelled by innovation, an increase in consumer spending, and strong support from governmental policies. This pivotal event in Mumbai is set to not only showcase the forefront of industry trends but also to delineate the path for the future of entertainment within the subcontinent.

The Indian amusement park sector is on the brink of a significant growth spurt, fueled by rising disposable incomes, rapid urbanization, and targeted government initiatives aimed at enhancing the tourism infrastructure. Projected to expand at a CAGR of 16-21% over the next five years, the industry is buzzing with potential, promising a bright future for the realm of amusement and leisure in India.

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Central to this burgeoning landscape is the IAAPI Amusement Expo 2024, an event backed by the Ministry of Tourism and the Ministry of MSME, Government of India. More than a mere exhibition, it represents a melting pot of ideas, innovation, and opportunities. The Expo draws exhibitors globally, making it a critical platform for industry stakeholders to delve into the latest trends, technologies, and solutions steering the amusement industry's future.

Reflecting on the industry's potential, Mr. Srikanth Goenka, Chairman of IAAPI, emphasized the Indian amusement sector's significant growth potential as a space ripe for innovation and development. "The IAAPI Expo 2024 is not just an expo but a catalyst for new opportunities and collaborations," he stated, highlighting the event's role in shaping the future of amusement in India.

The resilience and dynamic expansion of the industry are evident in its robust recovery from recent adversities, marked by a surge in visitation across Indian attractions and an escalating demand for leisure and entertainment experiences. The theme park sector in India, in particular, is anticipated to achieve a noteworthy market size by 2023, growing consistently at an annual rate of 15-20%. This growth underscores the sector's vast potential and its significant contribution to the broader economy.

Setting the IAAPI Amusement Expo 2024 apart is its broad appeal, catering not only to the Indian market but also extending its reach to neighbouring countries. This inclusive approach provides solutions and insights tailored to the unique needs of the region, with over 150 exhibitors, including international names, underscoring India's rising stature and potential on the global amusement stage.

Looking ahead, the Expo underscores the critical importance of innovation, safety, and customer satisfaction, aligning with international standards and expectations. Through its focus on knowledge-sharing sessions, business networking, and the display of the latest products and services, the event equips industry professionals with the necessary tools and insights to excel in this evolving market landscape.

The IAAPI Amusement Expo 2024 transcends the traditional bounds of an industry event to become a beacon for the future of the amusement sector in India and beyond. It presents a singular opportunity for professionals, enthusiasts, and stakeholders to engage, learn, and contribute to the industry's growth and prosperity. As the sector forges ahead, navigating the post-pandemic world's challenges and opportunities, the Expo emerges as a key platform for spurring innovation, fostering collaboration, and shaping the future of entertainment and leisure in India.

Register Now: https://iaapi.org/about-expo-2024

Dates: February 27-29, 2024

Venue: Hall 4, Bombay Exhibition Centre, NESCO Compound, Western Express Highway, Goregaon East, Mumbai, India.

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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