Merlin records weak summer at UK theme parks after Smiler accident | attractionsmanagement.com news
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Merlin records weak summer at UK theme parks after Smiler accident
POSTED 17 Sep 2015 . BY Tom Anstey
A report as a result of an inquiry into the Smiler incident is expected on 24 September
After suggesting that the rollercoaster crash that seriously injured four people in June could affect profits by up to £50m (US$77.6m, €70m), Alton Towers operator Merlin Entertainment has confirmed a notable slump after weak trade through the UK’s summer months.

“The trends we reported at the half year have continued throughout the summer,” said Merlin chief executive Nick Varney, reiterating the comments made in July. “Although difficult to assess at this stage, we continue to believe that there may be an ongoing adverse impact on the resort theme parks operating group profitability in 2016.”

Thanks to strong trade for Merlin’s Legoland theme parks in North America and Germany, group like-for-like sales for the 36 weeks ended 5 September were up 0.3 per cent. However, this still reflects a slow in growth which was up 2.8 per cent at the halfway point of 2015. A weak Euro also contributed to lost revenue at Merlin’s London attractions, which have high visitor numbers from the continent.

Despite its woes in the UK theme park sector, Merlin is predicting profit before tax to be “broadly in line” with 2014’s results, which came in at £249m (US$372.5m, €329.2m) for the year.

Merlin has made several investments into its UK theme parks this year, which helped to offset a drop in visitor number, including the launch of the Enchanted Village accommodation at Alton Towers, the Aztec hotel at Chessington World of Adventures and a new Lego “Friends” themed area at Legoland Windsor.

A report as a result of an inquiry into the Smiler incident is expected on 24 September.

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RELATED STORIES
Alton Towers continues short-break push with plans for new multi-million hotel addition


After costing parent company Merlin Entertainments around £50m (US$77.6m, €70m) in profits following the Smiler accident, Alton Towers has revealed multi-million pound plans for a fourth hotel as the park aims to become the UK’s leading short break destination.
Smiler incident could cost Merlin £50m, says operator


Merlin Entertainments has said the rollercoaster crash that seriously injured four people in June could affect profits by up to £50m (US$77.6m, €70m), with the tragic incident having an adverse effect on trading at the start of an important period for the operator.
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Four Merlin rollercoasters temporarily shut down after Alton Towers accident


Following the incident at Alton Towers, which saw a carriage full of people crash into an empty one on the Smiler, four rollercoasters operated by Merlin Entertainments at parks across the UK have been closed until further notice.
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Jobs   News   Products   Magazine
NEWS
Merlin records weak summer at UK theme parks after Smiler accident
POSTED 17 Sep 2015 . BY Tom Anstey
A report as a result of an inquiry into the Smiler incident is expected on 24 September
After suggesting that the rollercoaster crash that seriously injured four people in June could affect profits by up to £50m (US$77.6m, €70m), Alton Towers operator Merlin Entertainment has confirmed a notable slump after weak trade through the UK’s summer months.

“The trends we reported at the half year have continued throughout the summer,” said Merlin chief executive Nick Varney, reiterating the comments made in July. “Although difficult to assess at this stage, we continue to believe that there may be an ongoing adverse impact on the resort theme parks operating group profitability in 2016.”

Thanks to strong trade for Merlin’s Legoland theme parks in North America and Germany, group like-for-like sales for the 36 weeks ended 5 September were up 0.3 per cent. However, this still reflects a slow in growth which was up 2.8 per cent at the halfway point of 2015. A weak Euro also contributed to lost revenue at Merlin’s London attractions, which have high visitor numbers from the continent.

Despite its woes in the UK theme park sector, Merlin is predicting profit before tax to be “broadly in line” with 2014’s results, which came in at £249m (US$372.5m, €329.2m) for the year.

Merlin has made several investments into its UK theme parks this year, which helped to offset a drop in visitor number, including the launch of the Enchanted Village accommodation at Alton Towers, the Aztec hotel at Chessington World of Adventures and a new Lego “Friends” themed area at Legoland Windsor.

A report as a result of an inquiry into the Smiler incident is expected on 24 September.

Sign up here to get the Attractions Management weekly ezine and every issue of Attractions Management magazine free on digital.
RELATED STORIES
Alton Towers continues short-break push with plans for new multi-million hotel addition


After costing parent company Merlin Entertainments around £50m (US$77.6m, €70m) in profits following the Smiler accident, Alton Towers has revealed multi-million pound plans for a fourth hotel as the park aims to become the UK’s leading short break destination.
Smiler incident could cost Merlin £50m, says operator


Merlin Entertainments has said the rollercoaster crash that seriously injured four people in June could affect profits by up to £50m (US$77.6m, €70m), with the tragic incident having an adverse effect on trading at the start of an important period for the operator.
Multi-million pound Shrek's Adventure comes to Merlin's London cluster


Merlin Entertainments has launched the latest attraction at its London cluster on the River Thames, a ‘game-changing’ fully immersive Shrek attraction, which the project’s creative director has said will take linear experiences to new heights.
Four Merlin rollercoasters temporarily shut down after Alton Towers accident


Following the incident at Alton Towers, which saw a carriage full of people crash into an empty one on the Smiler, four rollercoasters operated by Merlin Entertainments at parks across the UK have been closed until further notice.
MORE NEWS
Budget 2021: government earmarks £700m for sports and culture as part of recovery plans
Chancellor Rishi Sunak has unveiled an additional £700m funding boost for sports and culture, as part of plans to help the UK economy recover from the effects of the pandemic.
Longwood Gardens reveals plans for ambitious US$250m expansion
Longwood Gardens, a botanical visitor attraction near Philadelphia, US, has revealed plans for an ambitious, US$250m redevelopment project.
Pandemic having 'massive impact' on US attractions – losses estimated at US$23bn
The pandemic cost the US visitor attractions an estimated US$23bn in economic losses during 2020, while the sector also suffered job losses five times larger than the average loss across all other US industries.
First look: Disney's new Spaceship Earth night-time experience at EPCOT
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David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
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FEATURED SUPPLIER

Triotech and Benoit Cornet’s Bold Move to collaborate on breakthrough innovative media-based attractions
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VIDEO GALLERY

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More videos:
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

05-07 May 2021

TEA SATE Europe 2020

PortAventura World, Tarragona, Spain
09 Jun 2021

IAAPA Expo Asia 2021

The Venetian Macao, Macao, China
+ More diary  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2021

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
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