Description
SWOT ANALYSIS OF VEEGA LAND
Veega Land
Parent Company
V-Guard Industries
Category
Amusement Parks/Theme Parks
Sector
Tourism and Hospitality
Tagline/ Slogan
India’s No. 1 Amusement Park
USP
It is the most popular amusement park in Kerala
STP
Segment
Children, youngsters and families
Youngsters and families living in Kochi and tourists from other parts of Target Group India
Positioning
It offers attractions for all age groups
SWOT Analysis
1. Veega Land is the most popular amusement park in Kerala with great crowd pulling ability. 2. It has won several awards in recent times like the state government’s eco-friendly tourism award, Destination Kerala Award etc. 3. It has a good mix of rides for kids, family and thrill rides. 4. It is located at a convenient distance from Kochi and is easily Strength accessible.
1. The offerings are limited if compared to some of the international amusement parks. 2. The park is not very famous outside Kerala and even less popular Weakness outside India
1. There are not many amusement parks in Kerala, hence there is virtually no competition. 2.In spite of its huge population, India has very few amusement parks; hence there is high growth potential. 3. Through constant innovation the park can attract more and more Opportunity visitors.
Threats
1. The park doesn’t have many attractive offers on the ticket rates which can affect the inflow of visitors.
2. The concept of amusement parks is still not very developed in India and hence may take time to find popularity with the masses. 3. The offerings are very similar to those of its sister park, Wonderla Bangalore.
Competition
1.Wonderla, Bangalore 2.Ramoji Film City, Hyderabad Competitors 3.Essel World, Mumbai
doc_448089338.docx
SWOT ANALYSIS OF VEEGA LAND
Veega Land
Parent Company
V-Guard Industries
Category
Amusement Parks/Theme Parks
Sector
Tourism and Hospitality
Tagline/ Slogan
India’s No. 1 Amusement Park
USP
It is the most popular amusement park in Kerala
STP
Segment
Children, youngsters and families
Youngsters and families living in Kochi and tourists from other parts of Target Group India
Positioning
It offers attractions for all age groups
SWOT Analysis
1. Veega Land is the most popular amusement park in Kerala with great crowd pulling ability. 2. It has won several awards in recent times like the state government’s eco-friendly tourism award, Destination Kerala Award etc. 3. It has a good mix of rides for kids, family and thrill rides. 4. It is located at a convenient distance from Kochi and is easily Strength accessible.
1. The offerings are limited if compared to some of the international amusement parks. 2. The park is not very famous outside Kerala and even less popular Weakness outside India
1. There are not many amusement parks in Kerala, hence there is virtually no competition. 2.In spite of its huge population, India has very few amusement parks; hence there is high growth potential. 3. Through constant innovation the park can attract more and more Opportunity visitors.
Threats
1. The park doesn’t have many attractive offers on the ticket rates which can affect the inflow of visitors.
2. The concept of amusement parks is still not very developed in India and hence may take time to find popularity with the masses. 3. The offerings are very similar to those of its sister park, Wonderla Bangalore.
Competition
1.Wonderla, Bangalore 2.Ramoji Film City, Hyderabad Competitors 3.Essel World, Mumbai
doc_448089338.docx