Information

My Account

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

Top Stories
Supplier's News
WWA
Hong Kong Disneyland
Supplier's News
Industry News
Premier Rides
Industry News
Euro Attractions Show

Latest Industry News

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...

581 articles published » See all articles

Welcome!

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.

NewsParcs, connecting the theme park industry!

Supplier's News

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 reports 5% increase in revenues

through July 4th holiday weekend

Update : 23/08/12 - 15h30 Published by François Mayné the 11 July 2012, Corporate.

Cedar Fair Entertainment Company (NYSE: FUN), one of the leaders of North America in regional amusement parks, water parks and active entertainment, yesterday reported that preliminary revenues through the Fourth of July holiday weekend were approximately $456 million (about €372 million), an increase of more than $20 million, or 5%, when compared with the same period a year ago.

This period traditionally represents approximately one-third of the Company's full-year revenues. The higher revenues are a result of a 2% increase in attendance and a 4% increase in average in-park guest per capita spending. Out-of-park revenues, including resort hotels, were also up approximately 2%.

"We are pleased to see these positive trends early in our operating season," said Matt Ouimet, president and chief executive officer. "It is clear we have gained traction on the strategic growth drivers we announced in January. Enhanced guest experiences, improved consumer messaging, dynamic pricing, advance purchase commitments and premium product offerings have all contributed to our strong early-season results. Supported by all of these initiatives, we continue to see our season pass programs grow across all of our properties as the consumers recognize the strong entertainment value these passes represent."

Guests at the Company's parks have responded favorably to the new rides and attractions that have been introduced this year as well. "Our new roller coaster, Leviathan, at Canada's Wonderland and the rebranding and major expansion of the Soak City water park at Kings Island have contributed nicely to our early-season growth in attendance," said Ouimet. "At the same time, premium benefit offerings and improved consumer messaging have resulted in increased guest spending, particularly at Cedar Point and Knott's Berry Farm."

Ouimet noted that virtually all of Cedar Fair's revenues from its seasonal amusement parks and water parks are realized during a 130 to 140-day operating period beginning in early May, with the majority concentrated in the peak vacation months of July and August.

The third quarter of the year also historically has been the busiest for the Company's two parks that are open year-round, Knott's Berry Farm and Castaway Bay. "We will continue to execute and refine our defined initiatives, but are pleased with the positive momentum that has been created thus far. Our new e-commerce platform, with an emphasis on season pass sales and advanced purchase commitments, has created a solid base for our parks to build on as we enter the peak vacation months of July and August," added Ouimet. "With approximately two-thirds of our annual attendance at our parks still to come, we remain confident in our 2012 attendance and revenue targets."

- - -

Written by François Mayné

François Mayné Publishing Director » Contact Us
» all articles

Great Coasters International
(7 articles found)

Euro Attractions Show 2013 Wrap-Up: Exhibitor's Quotes and Impressions read more

The Euro Attractions Show 2013 ended on a very positive note last week after three intensive days of business meetings and networking events...

FEATURE | Great Coasters International - Published on September 29, 2013

New attendance record for Europa-Park in 2012 read more

The German theme park Europa-Park has surpassed in 2012 the 4.5 million visitors for the first time, confirming its position as the first seasonal park in the world. This outcome is therefore highly satisfactory for the Mack...

CORPORATE | Great Coasters International - Published on January 9, 2013

California's Great America to open a Great Coasters International wooden coaster in 2013 : Gold Striker read more

The amusement park California's Great America, located in Santa Clara in Northern California, announced that it would open in 2013 Gold Striker,...

NEW | Great Coasters International - Published on September 3, 2012

WODAN Timburcoaster - Interview with Clair Hain Jr. President of Great Coasters International read more

During our coverage of the WODAN Timburcoaster media event at Europa-Park (Rust, Germany), we had the opportunity to meet Clair Hain Jr, President...

FEATURE | Great Coasters International - Published on April 19, 2012

Europa-Park opens WODAN Timburcoaster - Interview with Roland Mack read more

Nearly 400 members of the press and special guests - including the racing driver Ralf Schumacher and Miss Germany 2012 - were invited last Wednesday...

NEW | Great Coasters International - Published on April 2, 2012

Europa Park welcomed more than 4 million visitors in 2011 and prepares 2012 read more

Europa-Park stated that its 37th season has been once again a great success with an attendance exceeding well over four million visitors in...

NEW | Great Coasters International - Published on January 11, 2012

Europa-Park will Open a Great Coasters International Wooden Coaster in Spring 2012 read more

A few days after unveiling the launch of its 5th hotel "The Bell Rock", Europa-Park started to tease on Facebook, announcing that another important...

NEW | Great Coasters International - Published on August 1, 2011

previous
Page 1/1
next

Select Articles

more search options less search options

Magazine

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)