Kings Island outdrew Cedar Point in attendance by nearly 200,000 visitors last year. But in generating income, Cedar Point had nearly twice the revenue as its counterpart in Cincinnati. The rare financial disclosure was made as Cedar Fair, L.P. made its pitch to borrow up to $1.76 billion to finance the Paramount acquisition and repay previous debt.
Read more from The Toledo Blade.
I also wonder what kind of revenue Soak City brings in as a separate gate?
On an unrelated note...I think the drop on Perilous Plunge at KBF looks amazing!*** This post was edited by JZarley 6/20/2006 4:18:54 PM ****** This post was edited by JZarley 6/20/2006 4:20:06 PM ***
Also aren't hotels considered in park spending when they calculate that number?
However, I suspect this decision is less about what makes money, and more about what CF does and does not consider their core business. They are amusement park operators, not concert promoters. This same justification was used in the decision to dump the wildlife side of SFWoA when it was purchased.
I think that Cedar Fair is doing quite well on hotel/resort side of the business and sees the potential at many of the Paramount Parks. Also, Cedar Fair has always maintained increases in per-cap spending even when attendance levels don't hit their expectations. That is where they will muscle up at the Paramount parks.
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