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NEWS
Cedar Fair plans big investments for 2018
POSTED 04 Aug 2017 . BY Tom Anstey
Cedar Fair has promised significant investment into the operator’s attractions portfolio in 2018, with the planned additions supported by record results in the company’s latest earnings report.

During the first half of 2017, Cedar Fair has made an estimated US$125m (€105.2m, £95.2m) investment in capital expenditure, with that figure to be exceeded next year.

“We have a very strong line up of new rising attractions including four new roller coasters and an additional 158 bedroom tower at the Hotel Breakers located at Cedar Point's mile-long beach,” said Cedar Fair CEO Matt Ouimet, speaking during the latest company earnings call.

“We’re going to lean into the product that we now have for 2018 and the four roller coasters we’re developing across some of our biggest parks should make an impact for us next year.”

The operator is on course for another record year of results after it recorded net revenues of US$393m (€332m, £297m) for the second quarter of 2017 across all of its parks. The success, said the operator, was a result in part to its capital investment programme. Cedar Fair will announce its full development schedule for the 2018 season on 16 August.
RELATED STORIES
Record quarter for Cedar Fair as operator targets US$500m earnings record


Cedar Fair is on course for another record year of results, after the company recorded net revenues of US$393m (€332m, £297m) for the second quarter of 2017, US$5m (€4.2m, £3.8m) higher than record revenues reported for the same period last year.
Competitors not a concern for Cedar Fair, says CEO Matt Ouimet


With California’s hotbed of theme park attractions all making significant investment into new developments, Cedar Fair CEO Matt Ouimet has said the company does not feel pressured to make the same commitment at Knott’s Farm following a record annual earnings report.
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AM2.jobs - Attractions Jobs & News
Attractions Management Magazine


CLICK HERE TO READ THE LATEST ISSUE ONLINE
 

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NEWS
Cedar Fair plans big investments for 2018
POSTED 04 Aug 2017 . BY Tom Anstey
Cedar Fair has promised significant investment into the operator’s attractions portfolio in 2018, with the planned additions supported by record results in the company’s latest earnings report.

During the first half of 2017, Cedar Fair has made an estimated US$125m (€105.2m, £95.2m) investment in capital expenditure, with that figure to be exceeded next year.

“We have a very strong line up of new rising attractions including four new roller coasters and an additional 158 bedroom tower at the Hotel Breakers located at Cedar Point's mile-long beach,” said Cedar Fair CEO Matt Ouimet, speaking during the latest company earnings call.

“We’re going to lean into the product that we now have for 2018 and the four roller coasters we’re developing across some of our biggest parks should make an impact for us next year.”

The operator is on course for another record year of results after it recorded net revenues of US$393m (€332m, £297m) for the second quarter of 2017 across all of its parks. The success, said the operator, was a result in part to its capital investment programme. Cedar Fair will announce its full development schedule for the 2018 season on 16 August.
RELATED STORIES
Record quarter for Cedar Fair as operator targets US$500m earnings record


Cedar Fair is on course for another record year of results, after the company recorded net revenues of US$393m (€332m, £297m) for the second quarter of 2017, US$5m (€4.2m, £3.8m) higher than record revenues reported for the same period last year.
Competitors not a concern for Cedar Fair, says CEO Matt Ouimet


With California’s hotbed of theme park attractions all making significant investment into new developments, Cedar Fair CEO Matt Ouimet has said the company does not feel pressured to make the same commitment at Knott’s Farm following a record annual earnings report.
MORE NEWS
Avant-garde artist Yayoi Kusama to open eponymous museum in Tokyo
A new website has announced the opening of the Yayoi Kusama Museum, in Tokyo, Japan.
DCMS introduces £15m cultural regeneration fund as part of Great Exhibition of the North
Culture and tech projects in the North of England will soon be able to bid for a slice from a £15m (US$19.3m, €16.5m) funding pie, with a new fund established to help build a lasting regional legacy for the Great Exhibition of the North.
Pezo von Ellrichshausen and Felice Varini design Hull public pavilion for UK City of Culture 2017
Swiss artist Felice Varini and the Chilean architecture practice Pezo von Ellrichshausen have been commissioned to design an ambitious temporary outdoor structure in the historic heart of Hull, UK.
Tech start up Neurable creates world's first brain-controlled VR system
Tech startup Neurable has taken virtual reality to the next level, creating computer interfaces for the brain to allow users to control the technology using only the power of their minds.
More news>
LATEST JOBS
Project Delivery Officer
Hull Culture and Leisure
Salary: £17,072 - £18,070
Location: Hull, United Kingdom
Leisure Marketing Manager
Hull Culture and Leisure
Salary: 30,785 - £33,437
Location: Hull, United Kingdom
Head of Site - RHS Garden Wisley
Royal Horticultural Society
Salary: circa £70,000
Location: Wisley, United Kingdom
Visitor Experience and Operations Manager
National Trust
Salary: £30,507 pa
Location: Shrewsbury, United Kingdom
Estates and Properties Manager
Paultons Park
Salary: Excellent salary and benefit package
Location: Romsey, United Kingdom
Visitor Services Manager
Raby Castle
Salary: Competitive
Location: Darlington, United Kingdom



 
 
ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2017

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
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ATTRACTIONS MANAGEMENT
AM2
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS

NEWS
Cedar Fair plans big investments for 2018
POSTED 04 Aug 2017 . BY Tom Anstey
Cedar Fair has promised significant investment into the operator’s attractions portfolio in 2018, with the planned additions supported by record results in the company’s latest earnings report.

During the first half of 2017, Cedar Fair has made an estimated US$125m (€105.2m, £95.2m) investment in capital expenditure, with that figure to be exceeded next year.

“We have a very strong line up of new rising attractions including four new roller coasters and an additional 158 bedroom tower at the Hotel Breakers located at Cedar Point's mile-long beach,” said Cedar Fair CEO Matt Ouimet, speaking during the latest company earnings call.

“We’re going to lean into the product that we now have for 2018 and the four roller coasters we’re developing across some of our biggest parks should make an impact for us next year.”

The operator is on course for another record year of results after it recorded net revenues of US$393m (€332m, £297m) for the second quarter of 2017 across all of its parks. The success, said the operator, was a result in part to its capital investment programme. Cedar Fair will announce its full development schedule for the 2018 season on 16 August.
RELATED STORIES
Record quarter for Cedar Fair as operator targets US$500m earnings record


Cedar Fair is on course for another record year of results, after the company recorded net revenues of US$393m (€332m, £297m) for the second quarter of 2017, US$5m (€4.2m, £3.8m) higher than record revenues reported for the same period last year.
Competitors not a concern for Cedar Fair, says CEO Matt Ouimet


With California’s hotbed of theme park attractions all making significant investment into new developments, Cedar Fair CEO Matt Ouimet has said the company does not feel pressured to make the same commitment at Knott’s Farm following a record annual earnings report.
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2017

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS