COASTER-net
  • Home
  • News
  • Blogs
  • Parks
  • COASTER-net TV
  • Store
  • Hauntoverse
  • Thrilling 32
  • About
    • Contact Us
    • Staff
    • Code of Conduct
    • Club
    • ARCHIVE-Coaster Quiz
  • Links
    • Amazon Affiliates Link
    • COASTER-net Patreon
    • Facebook
    • Twitter
    • YouTube
    • Ride Warrior Discord

Cedar Fair Announces Record Attendance And Revenues Through Labor Day

9/7/2016

0 Comments

 
Picture

PRESS RELEASE:
​Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, today announced that preliminary net revenues through Monday, September 5, 2016, increased 2% to a record $1.04 billion compared with $1.02 billion through Labor Day weekend a year ago.  As such, the Company expects 2016 to be its seventh consecutive year of record results.
This year-over-year growth was driven by a 1%, or 227,000-visit, increase in attendance to 20.5 million visits; a 1%, or $0.50, increase in average in-park guest per capita spending to $46.71; and a 5%, or approximately $5 million, increase in out-of-park revenues, including resort accommodations, to $114 million. 

"We are pleased with our year-to-date results and anticipate our record performance will continue with our extremely popular Halloween events," said Matt Ouimet, Cedar Fair's president and chief executive officer.  "Our world-class rides and attractions, day-time family focused Halloween activities and the night-time ghoulish transformation of our parks combine to create a compelling, immersive entertainment experience for every member of the family."

More than 40 years ago, Knott's Berry Farm created the concept of frightful fun and it has grown that concept into one of the largest, most immersive events in the amusement park industry – Halloween Haunt.  Cedar Fair has spread this frightful fun to all of its parks, and this year, beginning in September, there will be more than 5,000 screamsters, more than 150 mazes and uniquely-themed live entertainment from morning to night across the parks.

"Consumer demand for our entertainment offerings remains strong and we are excited about the growth opportunities ahead of us for the remainder of 2016, as well as over the long term," added Ouimet.  "As consumers continue to prioritize experiences over possessions, we believe we are well positioned with our upcoming Halloween events and the expansion of Great America's operating season with the introduction of WinterFest, a new multi-week holiday experience.  This immersive new event will feature more than 7 million LED lights, creating such a vibrant experience it will be able to be seen from theInternational Space Station, more than 270 miles away."
​
Looking ahead, the Company's 2017 capital investment lineup, which includes roller coasters, water park expansions and increased resort offerings, is already receiving national attention; the new Cedar Point Sports Center is almost complete and is actively booking tournaments beginning next March; and Cedar Fair will be expanding the operating season at three more of its parks with the introduction of WinterFest. 
Ouimet said the Company remains on track to achieve its FUNforward 2.0 long-term Adjusted EBITDA goal of $500 millionearlier than its original target date of 2018.


0 Comments



Leave a Reply.

    Archives

    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    March 2012
    February 2012
    January 2012
    December 2011
    October 2011
    September 2011
    August 2011
    July 2011
    June 2011
    May 2011
    April 2011
    March 2011
    February 2011
    January 2011
    December 2010
    November 2010
    October 2010
    September 2010
    August 2010
    July 2010
    June 2010
    May 2010
    April 2010
    March 2010
    February 2010
    January 2010
    December 2009
    November 2009
    October 2009
    September 2009
    August 2009
    July 2009
    June 2009
    April 2009
    March 2009
    February 2009
    December 2008
    October 2008
    September 2008
    August 2008
    June 2008
    April 2008
    March 2008
    January 2008
    November 2007
    October 2007
    September 2007
    August 2007
    July 2007
    June 2007
    May 2007
    April 2007
    February 2007
    January 2007
    December 2006
    November 2006
    September 2006
    August 2006
    July 2006
    June 2006
    May 2006
    April 2006
    March 2006
    February 2006
    January 2006
    December 2005
    November 2005
    October 2005
    September 2005
    August 2005
    July 2005
    December 2004
    November 2004
    October 2004
    September 2004
    August 2004
    May 2004
    April 2004
    February 2004
    January 2004
    December 2003
    November 2003
    October 2003
    September 2003
    August 2003
    June 2003
    May 2003
    April 2003
    February 2003
    January 2003
    December 2002
    November 2002
    September 2002
    August 2002

    Categories

    All
    Alabama's Splash Adventure
    Alton Towers
    Blackpool Pleasure Beach
    Busch Gardens Tampa
    Busch Gardens Williamsburg
    California's Great America
    Canada's Wonderland
    Carowinds
    Cedar Point
    Darien Lake
    Devin Olson Media
    Disneyland
    Dollywood
    Dorney Park
    Dreamland
    Dreamworld
    EPCOT
    Europa Park
    Ferrari World
    Fun Spot America
    Geauga Lake
    Great Escape
    Halloween Horror Nights Hollywood
    Halloween Horror Nights Orlando
    Hersheypark
    Holiday World
    Hong Kong Disneyland
    Howl O Scream
    Howl-O-Scream
    Idlewild
    Indiana Beach
    Islands Of Adventure
    Kennywood
    Kentucky Kingdom
    Kings Dominion
    Kings Island
    Knoebels
    Knott's Berry Farm
    Knott's Scary Farm
    Lagoon
    La Ronde
    Liseberg
    Michigan's Adventure
    Mt. Olympus
    Nickelodeon Universe
    Phantasialand
    Quassy
    Santa's Village
    Schlitterbahn
    SeaWorld Orlando
    SeaWorld San Antonio
    SeaWorld San Diego
    Silver Dollar City
    Six Flags Discovery Kingdom
    Six Flags Fiesta Texas
    Six Flags Great Adventure
    Six Flags Great America
    Six Flags Magic Mountain
    Six Flags Mexico
    Six Flags New England
    Six Flags New Orleans
    Six Flags Over Georgia
    Six Flags Over Texas
    Six Flags St. Louis
    Son Of Beast
    Thorpe Park
    Universal Studios Florida
    Universal Studios Hollywood
    Valleyfair!
    Walibi Belgium
    Walibi Holland
    Walt Disney World
    Warner Bros Movie World
    Worlds Of Fun

    RSS Feed

Become a Patron!
© COPYRIGHT  COASTER-net.com 1998-2016. ALL RIGHTS RESERVED.
  • Home
  • News
  • Blogs
  • Parks
  • COASTER-net TV
  • Store
  • Hauntoverse
  • Thrilling 32
  • About
    • Contact Us
    • Staff
    • Code of Conduct
    • Club
    • ARCHIVE-Coaster Quiz
  • Links
    • Amazon Affiliates Link
    • COASTER-net Patreon
    • Facebook
    • Twitter
    • YouTube
    • Ride Warrior Discord