Europa Park SWOT analysis evaluates the brand by its strengths, weaknesses, opportunities & threats. In SWOT Analysis of Europa Park, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Europa Park to benchmark its business & performance as compared to the competitors, and make strategic improvements. Europa Park is one of the leading brands in the tourism and hospitality sector.
The article below lists the Europa Park SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Europa Park SWOT Analysis:
In this article:
For Europa Park, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.
The strengths of Europa Park looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of Europa Park :
1. It is the largest and the most visited theme park in Germany
2. It is one of the top most popular seasonal theme park in the world and Europe.
3. The park receives more than 4 million visitors every year
4. The park is home to some of the best roller coaster rides in Europe
5. Good brand visibility and brand awareness
The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Europa Park SWOT Analysis:
1. The park is seasonal and does not operate for almost 5 months in a year.
2. In spite of being a very popular theme park in Germany, the park is not very popular outside Europe.
The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Europa Park SWOT Analysis:
1. The 15 distinctly themed areas of the park based on different European countries constitute a great variety.
2. None of the other theme parks in Germany can match Europa Park in terms of popularity and offerings.
3. The park is easily accessible; it has at least 4 regional airports and a train station close by.
4. With various promotional offers like annual passes, discounts on hotel stay and multiple visit passes, the park can try to increase its customer base.
5. By introducing new attractions from time to time, the park can attract more and more visitors.
The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Europa Park are as mentioned:
1. Its proximity to Disneyland, Paris, which is a hugely popular international brand, is a threat.
2. Germany, as a tourist destination is mainly known for its trade shows and commercial areas and not for its amusement parks.
3. The absence of a strong parent brand can hurt the popularity.
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Europa Park:
1. Disneyland, Paris
2. Park Aventura, Spain
3. Phantasialand, Germany
Hence this concludes the Europa Park SWOT analysis.
Continue reading more about the brand/company.
|Europa Park Overview|
The Mack Family
Amusement Park/Theme Park
Dein Moment (Your Moment)
The park claims to have some of Europe’s most thrilling roller coasters
|Europa Park STP|
Teen market, youngsters and families
Young population living in Germany and the rest of Europe
The park offers a condensed European experience through its 15 theme parks
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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