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.
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