Global theme park industry has smallest growth in 5 years

An industry group says the global theme park market grew 5 percent last year, but it was the smallest growth in the past five years.

A report produced for the International Association of Amusement Parks and Attractions says the global theme park business was a $45 billion industry in 2017.

The report says there has been slowing expansion in the Americas and Asian markets.

Most of the global gains in revenue will come from attendance gains, which the report says is expected to grow 3.8 percent a year over the next several years.

The report says the Asia-Pacific region will account for almost two-thirds of the global growth in attendance.

The report was released at the trade group's annual convention in Orlando, Florida. It started Monday.