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Post by Essa on Nov 29, 2014 13:12:43 GMT
Fischtein’s [owner of Escape Games located in Toronto, Canada] approach differs from his competitors because of one important principle: he believes he can continue to thrive once the fad has come to an end. “We have a trick up our sleeve to avoid this collapse, which we foresee in the next two or three years when we expect the industry to start tapering off,” he says. “We will survive and we will evolve the industry.”The few bits and pieces of Fischtein’s long-term plan that he is willing to reveal include a move away from escaping a room, and towards escaping reality.www.thestar.com/partner_content/starbusinessclub/2014/11/04/reality-escape-game-fends-off-competition.htmlI found this article a while ago and found it interesting that someone had put a time frame around the collapse of a room escape market. Agree or Disagree? Thoughts?
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Post by Chris M. Dickson on Nov 30, 2014 2:14:09 GMT
My gut feeling is that markets will reach saturation point, and how quickly will depend not only on the strength of the demand but also on the strength of the supply; areas with more sites will reach saturation more quickly than areas with relatively few sites. I'd be inclined to see the apparent continued growth of the markets in Budapest and Beijing, both of which must be relatively mature markets, as indication that even well-served markets have some way to go yet, and I am inclined to believe that saturation point is likely to be more like 4-7 years away for UK markets than 2-3 years, but I'm also expecting UK growth to slow to some extent. Even then, there's a difference between the market "tapering off" and "collapsing", and I am convinced that the UK should be able to support - off the top of my head - maybe 30-60 really strong sites pretty much indefinitely. Whether the sites that are open already prove to be these really strong sites for the long term remains to be seen but I'm hopeful for many of them.
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Post by doaroomescape on Dec 7, 2014 17:15:14 GMT
Here in the US I don't think saturation will happen anytime soon. From what I've learned as a new room escape business owner, about 95% of Americans have never even heard of "room escape".
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Post by escapesf on Jan 29, 2015 3:32:30 GMT
Agreed. Most of the people are clueless about real life room escape games. makes it a bit harder to get the point across when promoting.
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