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.
