Sign in or Join the Community!

Robert Niles

Cedar Fair reports increased income, guest spending

Published: February 10, 2006 at 11:22 AM

Cedar Fair, L.P., the publicly traded owner of Cedar Point, Knott's Berry Farm and five other amusement parks, announced its fourth quarter and year-end 2005 financial results today.

The theme park chain reported a five percent increase in net revenues to a record $568.7 million, a one percent increase in combined attendance, a three percent increase in average in-park guest per capita spending and a 12 percent increase in out-of-park revenues, including hotels.

For 2006, Cedar Point will invest $58 million in capital improvements at all of its properties (including the new Skyhawk at Cedar Point) and will go with lower prices in an effort to boost attendance. Cedar Fair's Valleyfair park will also get a new Halloween event, Haunt at ValleyScare.

Replies (1)

Derek Potter

Published: February 10, 2006 at 7:15 PM

Good news for the company. Attendance hasn't been the highest for Cedar Point recently, but some of the other parks saw big attendance increases. They also had a profitable 4th quarter, which means the Halloween events and projects like the indoor waterpark Castaway Bay are seeing success. Its nice to see business picking up in their smaller parks, and Knotts getting their piece of the pie. Cedar Fair will focus on improving many of the smaller operations this year, and I wouldn't be surprised to see a few more hotels springing up around their properties.

This article has been archived and is no longer accepting comments.

Previous article: Disney trades ABC sportscaster for Walt's original 'toon

Most Popular U.S. Theme Parks

Walt Disney World's Magic Kingdom
Disney's Animal Kingdom
Disney's Hollywood Studios
Disney California Adventure
Universal Studios Florida
Universal's Islands of Adventure
Universal Studios Hollywood

Popular International Parks

Tokyo Disneyland
Tokyo DisneySea
Disneyland Paris
Universal Studios Japan
Hong Kong Disneyland
Europa Park
Walt Disney Studios Paris
Universal Studios Singapore

Features, News and Advice

The Wizarding World of Harry Potter
The Theme Park Insider Awards
What's Under Construction for 2015/6?
How to Stay Safe at a Theme Park

Books and Shirts

Theme Park Insider Visits Walt Disney World and Universal Orlando Theme Park Insider Visits The Wizarding World of Harry Potter

Stories from a Theme Park Insider Get Theme Park Insider Shirts and Hoodies


2015 · 2014 · 2013 · 2012 · 2011 · 2010 · 2009 · 2008 · 2007 · 2006 · 2005 (Dec 27-31) · 2005 (Jan-Dec 26) · 2004