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- Hospitality and Entertainment Construction Set for Major Growth
Hospitality and Entertainment Construction Set for Major Growth
Slice of Construction Team
January 30, 2025
Key Highlights:
Global hospitality market projected to grow from $4.7T in 2023 to $5.8T by 2027.
Nassal invests in new facilities & technology to meet demand for immersive environments.
Top 5 trends: Movie-based attractions, immersive experiences, fabrication innovations, public space revitalization, and indoor water parks.
Rise of indoor water parks, with 16 new parks adding 480,000 sq. ft. in 2023.
Nassal fosters mentorship programs to address the construction skills gap.
Source: PR Newswire
Notable Quote:
"Optimizing budgets, leveraging advanced technology, and adopting cutting-edge fabrication methods allow us to remain agile and deliver innovative solutions for our clients. These growing trends align perfectly with Nassal's expertise in creating immersive, themed environments that captivate guests."
Why This Matters:
The hospitality, gaming, and entertainment construction sector is entering a phase of unprecedented expansion, fueled by multi-billion dollar investments and evolving consumer demand. With immersive attractions on the rise, industry leaders like Nassal are positioning themselves at the forefront by embracing advanced fabrication methods, workforce development, and technological innovations. As theme parks, museums, and entertainment venues modernize, the construction industry must evolve to keep pace with the next generation of guest experiences.