Brian Noble said:Chuck, you are missing the point. We're talking total spending here, not just admission prices. And, per-cap spending---the total outlay per guest, including admission revenue as well as food, merchandise, games, etc. etc.---in Cedar Fair parks is growing faster than attendance is falling.
No, Your missing the point Brian, The per cap is up solely on raising prices and cutting overhead. KI easily had 700 less employees this year and less full time, less marketing. Yes less people are attending, Yes profits are up.
Short term.
No matter how you put it, Less people spending money is BAD for parks even if the ones visiting are spending more. That reason is mostly increase in pricing.
Chuck
When they can serve 5% fewer guests while increasing revenues 5-6% or more, then they can start congratulating themselves. Not before.
Hobbes: "What's the point of attaching a number to everything you do?"
Calvin: "If your numbers go up, it means you're having more fun."
The trick to riding BD is grabbing a middle bench of the car, so you're not riding on the wheels. Even in the back car, the ride was quite pleasant, with good air time over the bunny hills.
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RatherGoodBear said:When they can serve 5% fewer guests while increasing revenues 5-6% or more, then they can start congratulating themselves. Not before.
This is the main item I'm having a hard time with in regards to the new regime at SF. The increases in per-caps are being offset by the DROPS in attendance. I like the idea of increasing the revenue per patron, and while I see serving fewer guests better is a "plan", it requires incresing revenues faster...a LOT faster. There is definite improvement in MANY customer service areas...can they get the kind of cash they need to not only operate, but to service the enormous debt load.
ApolloAndy said:...Discovery Cove seems to be doing great with low attendance and really high per cap.
There's a VERY valid point there....not sure if it still applies though when the business was NOT designed to be a high-service, high-margin operation...but we do get to pull up a chair and see how it plays out... ;)
Weather is always a factor for most parks. A few rainy Saturdays or a cold spring or fall can cost you 50,000-100,000 people right off.
Not only "how many" but "when" people are coming makes a difference too. If the drop in attendance is greater on weekdays that are already lighter, but the weekend crowds are larger than ever, you still have the service issues. Plus you haven't increased revenue at all.
Can SF or CF look at Discovery Cove and apply anything to their parks? What do they have or can they add to justify charging anywhere near the same price? Is it enough to say they'll reduce the crowds by half, but charge you twice the regular rate? (Or 1/4 and 4x, or 1/5 and 5x) In any of those situations, the revenue still doesn't increase.
If that's the route they want to go, they need to find the proper balance between reducing guests while still increasing per cap spending to a point where revenues increase, not just stay even year after year.
So, to answer your question RGB, I don't think CF or SF could apply much of the DC model to their parks so they can charge DC prices. IMO, DC and the average theme park are two entirely different animals.
.Edited for link - joe. *** Edited 9/9/2007 8:11:50 AM UTC by Ѕіx Flαgѕ Đαrієή Ĺαkє***
SFI tried to turn GL into a mega park to compete with CP & simply put it just didn't work.Even CF has admitted that it's gonna be more difficult than they had anticipated to turn the place around.
Also to the people who don't care about the removals at the park, if this was happening at your home park you would feel a lot different about it. I have been going to GL for forty years and worked in and for the park for ten. I care deeply about it's future. If they would just make an announcement of removals or plans, it would make me less angered with CF. Parks are not as busy as they once were, and to anger people by leaving them in the dark is not good pr. I was at Euclid Beach the last day it was open, but at least they told people about it so they could enjoy it one last time. Was I upset about it closing? sure, but at least they had the decency to tell people and we understood why. If they do close this park and not say anything until after the season, I will never set foot in another CF owned park again.
BATWING FAN SFA said:^^Odds are that Shapiro would've sold the park off for real estate because it wasn't doing so good under Burke's management in it's final years with SF.
Just like a so-called Southern California theme park that seems to have even greater woes than the former Ohio park but was saved? SFWoA could have been saved. It would have fit in with Shapiro's family-focused itinerary.
I believe the GOCC event is this weekend during Oktoberfest.
2006 - 2009 Cedar Fair Ride Operations
2009 - Walt Disney World Attractions.
Closed topic.