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Cedar Fair Entertainment Company today reported that its 2008 revenues through Labor Day increased approximately $21 million, or 3%, to $852 million when compared with the same period a year ago. During this time, attendance rose 3%, or 547,000 visits, while average in-park guest spending, at $40.24, and out-of-park revenues, at $87 million, were comparable to last year.
On a same-park basis, excluding Geauga Lake amusement park which closed at the end of 2007, revenues through Labor Day increased 5%, or $39 million. This increase is attributable to a 6% increase in attendance, or 980,000 visits, and average in-park guest per capita spending and out-of-park revenues that were comparable to the same period a year ago.
Read the press release from Cedar Fair.