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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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Jobs . News . Products . Magazine
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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Trinidad's tourism industry could be about to get a significant boost, following the launch of the Caribbean's first ever adventure theme park.
New Tate St Ives in the running for 2018 Stirling Prize
Tate St Ives is the only leisure building to find its way onto the shortlist for the 2018 RIBA Stirling Prize for the UK’s best new building.
British Museum seeks to acquire 'Trump Baby' for dissent exhibition
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The Jockey Club
Salary: Up to £55,000 (depending on experience) + pension
Job location: Newmarket, UK
Visitor Services Supervisor
Royal Botanic Gardens Kew
Salary: £24,835 per annum
Job location: Wakehurst, West Sussex
Overnight Accommodation Manager
Zoological Society of London
Salary: £31,464 per annum
Job location: London, UK
Forest Centre Operations Manager
Forestry Commission
Salary: £29,695 - £32,811
Job location: Thetford, UK
Marketing Manager
Legoland Discovery Centre
Salary: Competitive
Job location: Kansas City, Missouri, USA
Marketing Manager
Legoland Discovery Centre
Salary: Competitive
Job location: Melbourne VIC, Australia
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ADVERTISE . CONTACT US

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

©Cybertrek 2018

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