Well, "attendance down, per caps up" perfectly describes the likely effect of Cedar Point's big addition for this season, "Lighthouse Point." The improvement in overnight accommodations would serve to increase length of stay and increase per-caps, but a slight attendance drop is not entirely unexpected with no new major attraction.
Cedar Point has reached or nearly reached a point of market saturation, where adding a new attraction won't bring in a significantly larger crowd, but NOT adding a new attraction will result in an attendance decline. So to improve earnings they have to concentrate on repeat visits and increasing length of stay. Which is what they did this year.
I believe that if the months of July, August, and September stays within the high temperatures, and the rain stays at a minimum, and gas prices remain at their current low, Cedar Fair and most of the midwestern parks will see a significent rise in attendence.
Sure, Cedar Point didn't build a major new ride this year, but there are many people out there that didnt go to Cedar Point last year on account of weather...and the park knows that.
If Cedar Point delivers an extra scary Halloweekends event this year, word of mouth is going to skyrocket patrons for the 3rd quarter, and they should have recovered figures.
How bad did their stock drop on account of this announcement?
They are at 99 attendace figures right now, last year they only gained 4% even with a monster coaster(yes they had a ton of cold and rainy days in 2000). Now this year has been a bad year so far as weather what happens if it continues then what. As per capital spending being up, yeah but its up just a tiny bit from last year and thats because of the more expensive rooms. Now if these park's are having bad years whats up with other park's. How are Paramount and SF park's doing this year also. As for catching up even Kinzel himself says we remain hopefull that we can recoup at least SOME of this shorfall by year end.
------------- Army rangers lead the way
*** This post was edited by supermandl on 7/3/2001. ***
Have these stats been corrected with Cost Of Living Adjustments? Because the COLA b/w 2000 & 2001 was 3% in and of itself. I am always leery of stats. Anyway, Cedar Fair is going to do fine, as along as the weather is decent
Cedar Fair bairly adds new big attractions to any other parks besides Cedar Point. Year after year Cedar Point gets a new coaster,record breaking in fact, but what about Cedar Fairs many other parks. What goes to then? NOTHING!!!!!
Cedar Fair And the entire Fleet Of Six Flags Parks are going to experience their leaps and their downs, But everyone knows that it is Cedar Point that really lifted Cedar Fair to its fame and glory. My instinct tell me that in a pinch it will and always will be Cedar Point that will prevail when you think the last pigeon has been shot out of the sky. Just like ESPNs elite staff of commentators say during the NCAA College Basketball playoffs, there will be upsets, and droughts, during dismal times, but somehow the cream always rises to the top. Cedar Point once again will prove that next year,2002. Inspite of the now construction of Six Flags Magic Mountains mysterious X. I'll see you all at the Point. The Paradise of all Amusement Parks.
If Cedar Fair wants to lose the low attendance figures, hopefully they will be motivated to build a new ride next year. The rumors have been flying about new coasters at Cedar Point, if they build some, attendance will definetly soar.
------------- Welcome back riders, how was your ride...Enjoy your day, here at Cedar Point, America's roller coast.
Valleyfair seems to be doing quite good this year. For the first time I've seen the ENTIRE parking lot(s) filled almost to capasity and it was a couple sundays ago, yes a Sunday!!! They have also ran all trains on all coasters with HUGE crowds more than twice!!! They probibly ran all trains the entier school groups weeks wich I tend to avoid because of the huge crowds. I did go the very last day of school groups and Wild Thing had a 45min wait with 3 trains running VERY efficiatly. I thing we have another record year at Valleyfair!!!!
------------- Cameron Willis Dr. Doolittle 2: "So young, so angry. Damn that rap music!"
honestly i think they need some dark rides and kiddie attractions. the parks that bring in the most people and make the most money are the ones built for all ages not just teenagers and some wild adults. Disney and paramount are great examples. I say they put in a spiderman type ride and a inverted kiddie like RRR next year(even though they arent getting the title back.) Then general capitalizations the next year and 2 coasters the year after that. The record is not that big of a deal. Heck, Knotts brings in more people than sfmm and they only have 3 coasters. The park has to be a place for the whole family to enjoy if cf ever wants to start raking in the dinero.
WYG Oracle... CP needs to focus on all park guests... instead of the mega coaster every other year. While I enjoy the new breed of coasters, between rides it's nice to cool off in a dark ride. With the closing of the Pirate Ride a few years ago, CP no longer has any typical dark rides. I hopw they don't just throw in a simulator, they need something along the lines of their old Earthquake, WDW's Mr Toad WR, or WDW's Pirates of the Carib. While CP has stated that viable attraction space is at a minimal, they still have plent of room to expand. (Even more if they pull the "park on the mainland, ride the monorail to the point" plans out of mothballs.) It seems like everytime they expand, they tear out more of camper village, or Frontier Town / Trail. If they finally decide to make parking on the mainland a reality, it would at least double the attraction area possibilities. Years ago, families would plan on making CP their summer vacation. Now, after talking the next generation of vacation planners, they skip CP as the main family get-away, and go to BG Williamsburg or WDW... then it's the teenager's who get together for a day trip to CP to ride coasters. If they bring back the family element, they will attract longer stays and ensure the generational flocking that they have enjoyed in the past.
Anyone remember the old CP logo? The Space Needle, the train and the Giant Wheel... and the flags? If you have old (pre 1976) park maps or logos, let me know.
I think it's a combination of things. Mainly the weather here in the midwest. I know here in Detroit it rains so many days in May, that it was unpresidented. It is was JUST a Cedar Poitn problem, then I would blame it on the marketing, becuase I think they dropped the ball this year. I know here in Detroit, I can't go ANYWHERE without seeing that damn Six Flags World's Of Adventure logo. It's everywhere...from McDonald's to the AAA magazine...