Six Flags targets new waterpark acquisitions in 2018 following record year | attractionsmanagement.com news
POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs . News . Features . Video . Products . Magazine . Handbook . Advertise . Contact us  
NEWS
Six Flags targets new waterpark acquisitions in 2018 following record year
POSTED 21 Feb 2018 . BY Tom Anstey
Six Flags is planning to increase its attractions portfolio in 2018, with the operator revealing discussions with a number of potential new partners as its waterpark acquisition strategy starts to pick up steam.

In April last year, Six Flags announced its ambition to make a bigger splash in the waterparks sector, with acquisitions of existing properties allowing the operator to expand capacity and attendance with minimal investment, providing a quick payback and high return on invested capital.

“We’re speaking with a number of promising potential partners,” said Six Flags president and CEO Jim Reid-Anderson during an earnings call.

“The timing of the deal is hard to predict, but our goal would be to add parks in 2018.”

Last year Six Flags opened its newest waterpark in Oaxtepec, Mexico, and also reacquired Waterworld California in April as its 20th property. Under the strategy, the operator is looking to buy or develop waterparks near its existing theme park assets in North America, with the goal of boosting revenues at both locations.

“In the right circumstances, you can bring these parks online very quickly,” said Reid-Anderson.

“In the case of Concord, we were able to do that, while in the case of Oaxtepec it took a little bit longer because we were reconfiguring a park that had been shut down.

“The opportunity does add this incredible driver to leverage the large and growing Active Pass Base that we have and to accelerate growth. It's proven with regard to both those parks. Mexico sold record season passes and Concord actually achieved its highest attendance days in history under our leadership.”

For the full financial year, 2017 represented Six Flags’ eighth consecutive year of record financial performance as revenue grew US$40m, or 3 per cent, to US$1.4bn. Growth resulted primarily from the success of the company’s pricing strategy and international licensing programme, according to Six Flags, as well as an increase in the number of guests visiting Six Flags parks.
MORE NEWS
Government focuses on regional growth, with launch of £20m culture fund
Britain's minister for arts, Michael Ellis, has launched a £20m fund for culture, heritage and the creative industries to benefit towns and cities across England.
MuseumNext Europe 2018: Don't deflect responsibility on the issue of diversity
Diversity was among the topics up for discussion at this year's MuseumNext conference in London, with Shaz Hussain, assistant curator at the London Science Museum, telling delegates not "deflect responsibility" on the issue.
National Geographic uses augmented reality to create world's first open-air planetarium in Canada
National Geographic has teamed up with augmented reality provider Aryzon to create the world's first open air planetarium, using AR to project images into the night sky for a unique stargazing experience.
Comcast bid rejected as Fox agrees new merger deal with Disney
The Disney/Fox merger is back on, after Fox accepted a larger Disney offer days after Comcast attempted to hijack the deal.
+ More news   
LATEST JOBS
Groups Sales and Marketing Executive
Royal Horticultural Society
Salary: Circa £25k depending on experience
Job location: Wisley, Woking, UK
Head of Commercial Operations
The Silverstone Experience
Salary: £50,000- 55,000 pro-rata per annum + benefits
Job location: Northamptonshire, UK
Chief Operating Officer
Brooklands Museum Trust Ltd
Salary: £60,000
Job location: Weybridge, Surrey, UK
Commercial Leisure Manager - Coastal Attractions
Denbighshire County Council
Salary: £41,846 — £44,697 (plus up to £8,000 relocation allowance)
Job location: Rhyl, UK
Theming Production Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Staffordshire, UK
Fastrack and VIP Team Leader
Thorpe Park Resort
Salary: Competitive
Job location: Chertsey, UK
+ More jobs  

COMPANY PROFILE
WhiteWater

WhiteWater Park Attractions was founded in 2013 as an evolution of WhiteWater’s two dry [more...]
+ More profiles  
FEATURED SUPPLIER

IAAPA ASIA 2018: WhiteWater signs exclusive distribution deal with Life Floor
WhiteWater has entered into a new partnership with flooring manufacturer, Life Floor. [more...]
VIDEO GALLERY

Simworx - The power to move you…
Simworx is acknowledged as one of the world’s leaders in the supply of 4D Effects Cinemas and Motion Simulation Attractions. Find out more...
More videos:
Experience the experience – Polin Waterparks & Pool Systems
The Son Of Bigfoot 4D Trailer – nWave Pictures
Red Raion - VR/5D Films Showreel 2016 – Red Raion
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
ATTRACTIONS DIRECTORY
+ More directory  
ATTRACTIONS DIARY

02 Jul 2018

London Venues Summit

Hilton London Canary Wharf, London, United Kingdom
06-08 Jul 2018

International Game and Amusement Fair (GAF)

Wuhan International Expo Center , Wuhan, China
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2018 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2017 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2017 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

13 Jun 2018 issue 106


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2018


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

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

©Cybertrek 2018
Jobs . News . Products . Magazine
NEWS
Six Flags targets new waterpark acquisitions in 2018 following record year
POSTED 21 Feb 2018 . BY Tom Anstey
Six Flags is planning to increase its attractions portfolio in 2018, with the operator revealing discussions with a number of potential new partners as its waterpark acquisition strategy starts to pick up steam.

In April last year, Six Flags announced its ambition to make a bigger splash in the waterparks sector, with acquisitions of existing properties allowing the operator to expand capacity and attendance with minimal investment, providing a quick payback and high return on invested capital.

“We’re speaking with a number of promising potential partners,” said Six Flags president and CEO Jim Reid-Anderson during an earnings call.

“The timing of the deal is hard to predict, but our goal would be to add parks in 2018.”

Last year Six Flags opened its newest waterpark in Oaxtepec, Mexico, and also reacquired Waterworld California in April as its 20th property. Under the strategy, the operator is looking to buy or develop waterparks near its existing theme park assets in North America, with the goal of boosting revenues at both locations.

“In the right circumstances, you can bring these parks online very quickly,” said Reid-Anderson.

“In the case of Concord, we were able to do that, while in the case of Oaxtepec it took a little bit longer because we were reconfiguring a park that had been shut down.

“The opportunity does add this incredible driver to leverage the large and growing Active Pass Base that we have and to accelerate growth. It's proven with regard to both those parks. Mexico sold record season passes and Concord actually achieved its highest attendance days in history under our leadership.”

For the full financial year, 2017 represented Six Flags’ eighth consecutive year of record financial performance as revenue grew US$40m, or 3 per cent, to US$1.4bn. Growth resulted primarily from the success of the company’s pricing strategy and international licensing programme, according to Six Flags, as well as an increase in the number of guests visiting Six Flags parks.
MORE NEWS
Government focuses on regional growth, with launch of £20m culture fund
Britain's minister for arts, Michael Ellis, has launched a £20m fund for culture, heritage and the creative industries to benefit towns and cities across England.
MuseumNext Europe 2018: Don't deflect responsibility on the issue of diversity
Diversity was among the topics up for discussion at this year's MuseumNext conference in London, with Shaz Hussain, assistant curator at the London Science Museum, telling delegates not "deflect responsibility" on the issue.
National Geographic uses augmented reality to create world's first open-air planetarium in Canada
National Geographic has teamed up with augmented reality provider Aryzon to create the world's first open air planetarium, using AR to project images into the night sky for a unique stargazing experience.
Comcast bid rejected as Fox agrees new merger deal with Disney
The Disney/Fox merger is back on, after Fox accepted a larger Disney offer days after Comcast attempted to hijack the deal.
+ More news   
LATEST JOBS
Groups Sales and Marketing Executive
Royal Horticultural Society
Salary: Circa £25k depending on experience
Job location: Wisley, Woking, UK
Head of Commercial Operations
The Silverstone Experience
Salary: £50,000- 55,000 pro-rata per annum + benefits
Job location: Northamptonshire, UK
Chief Operating Officer
Brooklands Museum Trust Ltd
Salary: £60,000
Job location: Weybridge, Surrey, UK
Commercial Leisure Manager - Coastal Attractions
Denbighshire County Council
Salary: £41,846 — £44,697 (plus up to £8,000 relocation allowance)
Job location: Rhyl, UK
Theming Production Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Staffordshire, UK
Fastrack and VIP Team Leader
Thorpe Park Resort
Salary: Competitive
Job location: Chertsey, UK
+ More jobs  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS