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Theme Park Supplier's News of the Week #12 Bolliger Mabillard, MAURER Rides, ETF Ride Systems, Lo-...

World Waterpark Association Success for WWA's 33th Symposium and Trade Show

Hong Kong Disneyland to introdoce Iron Man Experience First major Marvel attraction planned in 2016

Theme Park Supplier's News of the Week #11 Zamperla, Simworx, Electrosonic, Vortex

Theme Park Industry News Roundup #6 Liseber, Universal Parks and Resorts, IAAPA, Herschend ...

Premier Rides wins €8 million contract with Plopsa Gr... New launch coaster to open at Holiday Park in 2014

Theme Park Industry News Roundup #5 Tokyo Disney Resort, Merlin, European Star Awards

Record anniversary edition for Euro Attractions Show More than 8,500 attendees on a record exhibit floor

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CORPORATEPublished on January 28, 2014 NewsParcs to take an extended break

EVENTPublished on November 10, 2013 IAAPA Attractions Expo 2013 debuts next week in Orlando

CORPORATEPublished on November 10, 2013 Difficult season for Compagnie des Alpes' amusement parks

NEWPublished on October 21, 2013 Theme Park Supplier's News of the Week #12

EVENTPublished on October 21, 2013 Success for the 33th symposium and trade show of the World Waterpark...

NEWPublished on October 13, 2013 Disney to introduce first major Marvel attraction at Hong Kong...

NEWPublished on October 13, 2013 Theme Park Supplier's News of the Week #11

NEWPublished on October 13, 2013 Theme Park Industry News Roundup – Issue #6

NEWPublished on October 6, 2013 Premier Rides wins €8 million contract to build a launch coaster...

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NewsParcs is an online trade publication dedicated to theme park industry professionals worldwide.

Since 1998, we work in direct contact with manufacturers, suppliers, consultants, owners and operators to publish only reliable and relevant information.

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NewsParcs will do a full coverage of the IAAPA Attractions Expo 2013 in Orlando to have a look at the latest trends and developments of the global theme park industry.

Follow us on Twitter (@NewsParcs) from November 19 to 22 with the hashtag #IAAPA

Cedar Fair Continues Strong Performance Through

Important Summer Season

Update : 17:30 Published by François Mayné the 10 September 2011, Corporate.

Cedar Fair Entertainment Company reported that it has continued its strong performance through Labor Day weekend.

As of September 4, 2011, year-to-date revenues increased approximately $33 million, or 4%, to approximately $857 million compared with $824 million for the same period a year ago. Driving this year-over-year growth was a 2% increase in attendance to 19.1 million visitors, coupled with a 2% increase in in-park guest per capita spending to $40.10 and a 5% increase in out-of-park revenues to approximately $90 million.

"The summer of 2011 is proving to be another strong operating season for Cedar Fair," said Dick Kinzel, chief executive officer. "Our new rides and attractions, including WindSeeker, a 301-foot-tall thrill ride introduced at our four largest parks, continued to attract guests during the peak vacation month of August. Our creative marketing efforts and pricing initiatives also continued to drive growth, particularly at Canada's Wonderland, Knott's Berry Farm, Kings Island and California's Great America ".

"As we head into our award-winning Halloween season, we feel very good about the steadily increasing momentum we are building across our well-maintained and diversified portfolio of parks ," added Kinzel. "Should these trends continue throughout our important Fall season, we will generate full-year net revenues at the high end or slightly above our previous guidance of $975 million to $1.0 billion. At the same time, assuming similar trends, we believe our full-year adjusted EBITDA will be at the middle to upper end of our guidance of $350 million to $370 million."

Kinzel concluded by noting the Company is on track to pay a 70 cent per unit distribution in December, bringing the total amount of distributions paid in 2011 to $1.00 per unit. The Company continues to target an annualized distribution rate of $2.00 or more per unit in 2013.

- - -

Written by François Mayné

François Mayné Publishing Director » Contact Us
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These past three years have been intense for NewsParcs. Our magazine, which has been dedicated to the global theme parks industry since 1998, underwent major changes to become one of the most appreciated magazines among many...

CORPORATE | NewsParcs - Published on January 28, 2014

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EVENT | IAAPA Attractions Expo - Published on November 10, 2013

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Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, financial ...

NEW | Roundup of News - Published on October 21, 2013

Success for the 33th symposium and trade show of the World Waterpark Association read more

The World Waterpark Association (WWA), the global leading water-leisure trade association, has made a positive assessment of its 33th annual...

EVENT | World Waterpark Association - Published on October 21, 2013

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NEW | Hong Kong Disneyland Resort - Published on October 13, 2013

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The NewsParcs' Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, ...

NEW | Roundup of News - Published on October 13, 2013

Theme Park Industry News Roundup – Issue #6 read more

Our Industry Roundup is a summary of the latest major news related to the theme park industry worldwide. We report news specifically on operators, owners, trade associations and related organizations, including trends, attendance...

NEW | Roundup of News - Published on October 13, 2013

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Hydro (Oakwood Theme Park) Gyrotour (Futuroscope) Blue Fire (Europa-Park) Sledge Hammer (Bobbejaanland) Stunt Fall (Parque Warner Madrid) Toy Story Mission Parachute (Walt Disney Studios) Troy (Toverland) Star Flyers (Plopsaland) Uppswinget (Liseberg) Lynet (Farup Sommerland) Grande Roue (Walibi Belgium) Cobra (Paultons Family Theme Park) G-force (Walibi Holland) Stealth (Thorpe Park) El Volador (Bellewaerde Park) Katun (Mirabilandia) Hurakan Condor (Port Aventura)