Cedar Fair reports increased income, guest spending
Written by Robert Niles
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.Tweet
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.
This article has been archived and is no longer accepting comments.
Previous article: Disney trades ABC sportscaster for Walt's original 'toon
What's it like to work at Disney World?
Insider's Pick: Ever wondered what it would be like to work at the Walt Disney World Resort? Stories from a Theme Park Insider offers more than 100 pages of fun, insightful, and even sometimes touching stories from people who've worked at Disney World's Magic Kingdom. It's a great way to get in the mood for your next trip to Orlando, or just to keep the memories of a Disney World visit alive.
Top U.S. Theme Parks
Walt Disney World's Magic Kingdom
Other Top International Parks
Features, News and Advice
"Stories from a Theme Park Insider"
Connect with Theme Park Insider