Posted | Contributed by supermandl
Cedar Fair's attendance is down 5% and revenue down 4.5% across the company. The season at Cedar Point, which the company says is more susceptible to a slow economy due to its "destination" nature, has been slower with a 9% decrease in attendance.
Read the press release from Cedar Fair.
I really don't think that any major park is hurting with the slow down. I heard (not saying that it is true) Cedar Point is still paying their employees from profits of the 1989 season. So I doubt that we are gonna see any parks closing down for lack of attendance.
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Why Must they use Mulch? It smells like pooh!
Actually, Six Flags WoA bumped their parking passes to $9. Ouch!
CoastermanJ: That's what we're getting at. Cedar Point is more of a destination park now. I think the slow season isn't anything to worry about for any park. With year after year of growth, there has to be a leveling off period, and I think this is it. Six Flags and Cedar Fair both obviously knew it was coming, as Six Flags mentioned they were reducing capital spending, and we can see that Cedar Fair simply hasn't spent a lot of money this year (outside of acquisition).
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Jeff
Webmaster/Admin - CoasterBuzz.com
"From the global village... in the age of communication!"
Hey i was told at work our attendence is up again. I know theres 2 reason 1: X-Flight and 2: addition of Sea World and thier fans. But i think we are up between 10 and 20%.
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Don't mess with the X in 01
X-Flight team member 2001!
Well this would probably explain this.... I just got this from the FUNtimes newsletter that ALL Cleveland area TOPS store are selling 2001 season passes for $49. Here's the link;
http://www.cedarpoint.com/public/trips/main/tickets/season_pass_central/articles.cfm?page=Ticket%20Information This really changes my mind on whether or not I go up to CP this year. $49 for 3 months of CP = One heck of a bargain!!!
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"Somebody help me!!! I'm being spontaneous!!! --Truman Burbank
Last year I made three cross-country trips to the point. This year one was good enough. There isn't a new attraction yet, and I simply can't afford it. SFMM will get the bulk of my money simply because they are closer, and there will be 3 new attractions I haven't ridden yet. *THIS* is what Six Flags was planning for when they blew their capitol spending through the roof. Now maybe people can understand what they are doing.
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I'd like a tall CCI out and back, and a grande nonfat Latte to go please!
wow, i just got back from the Point about a week two weeks ago and the lines there were pretty long, and there was about a 30 minute wait(estimated) to get a front seat car
~Ecthelion
Wow FUN stock is down to $19.09, which doesnt really surprise me since the accident and the unachieved goal. Essentially Cedar traffic will pick up, keep in mind that Halloweekends become more popular each year, so i have no fear about them eventually reaching their goals.
Personally, I believe that the Lighthouse Point was one of their better resort plans so far. (now if they could build a boardwalk-style hotel outside the park with shops,shows and more restaurants to entertain even more guests...).
It does not bother me that they didn't put a new coaster in, there are plenty that didn't ride MF last year, but with the attendence down, and the money coming in from Lighthouse and other related revenu, it should even things out. And that my freinds is smart business planning.
My guess is the Stock will continue to drop throughout the quarter, and until they determine the cause and solution of the accident, then stock will rise again once the next batch of figures are announced.
COME ON CP!!! You know how much we love you! You can do it! Raise those soda and H20 prices!!!! Come on!!! You can do it.
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Ow! My lap bar IS down all the way.
How in the world can anyone blame the economy.
There is nothing wrong with it,it's just readjusting from the record high that we enjoyed.
As for Orlando it was effected by the soaring gas prices durring it's busiest season,and after what happened last November I think Florida isn't really the first place to come to mind for many vacationers.
Nothing wrong with it? Capital spending is at a record low. That trickles down to everything and is the very reason that unemployment is on the rise. Sure a lot of it is panic, but people are worried and won't travel nearly as much this year.
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Jeff
Webmaster/Admin - CoasterBuzz.com
"From the global village... in the age of communication!"