Cedar Fair attendance up 8% in 4Q, 3% for year

Posted Wednesday, January 14, 2009 9:25 AM | Contributed by Jeff

Cedar Fair (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, today announced that attendance in 2008 at its eighteen locations totaled 22.7 million guests, up 3% from the Company’s total attendance of 22.1 million in 2007.

“We experienced increases in attendance at many of our parks during the fourth quarter, as strong fall promotions and a favorable calendar increased attendance 8%, or 205,000 visits, from the same quarter a year ago,” said Dick Kinzel, chairman, president and chief executive officer. “For the full year, on a regional basis, our northern region and southern region parks experienced a 3% and 8% increase in attendance, respectively. The northern region, which includes the standout performer for 2008, Canada’s Wonderland near Toronto, and our flagship park, Cedar Point in Sandusky, Ohio, entertained 12.8 million guests compared with 12.4 million guests in 2007. Our southern region parks entertained 4.4 million guests in 2008 compared with 4.1 million guests a year ago. Our western region parks hosted 5.5 million guests in 2008 versus 5.6 million guests in 2007, a 2% decrease. Meanwhile, preliminary results report average in-park guest per capita spending down approximately 1% between years.

Read the entire press release from Cedar Fair.

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