Attractions Management News 6th March 2019 issue 125

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MANAGEMENT NeWs 6 MarcH 2019 issUe 125

www.attractionsmanagement.com

Cedar Fair eyes out-of-park investments Cedar Fair has revealed plans to grow and expand its external revenue streams through new developments attached to its existing parks portfolio. Speaking during an earnings call, Richard Zimmerman, president and CEO of Cedar Fair, revealed the plans, which include a focus on resort accommodation to extend stays, as well as a range of other leisure opportunities. "There's an opportunity to expand our out-of-park revenue streams and maximise the value of our existing portfolio through development ■■Cedar Fair produced record full-

adjacent to our parks," he said.

year net revenues of US$1.35bn

"We currently have more than 1,300 acres of undeveloped land that can be utilised for resort expansion,

North Carolina, and a new 150,000sq

amateur sports facilities and other

ft (14,000sq m) indoor amateur sports

entertainment concepts."

facility overlooking Cedar Point in

Projects currently in the works for the

Sandusky, Ohio. Both developments are

company include a 129 bedroom hotel

scheduled to open at the end of 2019.

adjacent to Carowinds in Charlotte,

More: http://lei.sr/2Z6q9_a

IP ATTRACTIONS

Park to include Mario Kart rides and interactives

RIchard Zimmerman

THEME PARKS

super nintendo World on course for 2020 launch

p4

WATERPARKS

dubai park operator getting back on track DXB reduces annual losses as visitor numbers increase

There's an opportunity to expand our out-ofpark revenue streams

six flags to rebrand new acquisitions

p5

Three parks bought from EPR to get new names

p8


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