Attendance and revenues had started to perk up at Cedar Fair
These results must come as a welcome relief to management. Attendance is on the rise, and it's only getting more crowded at the parks. The first 10 months of the year saw an 8% increase in park attendance. This represents 1.4 million additional paying customers. With average in-park guest per-capita spending of $39.30, that's a huge addition to the top line and it makes all the difference in the bottom-line results.
October, in particular, was fun for the company and customers. Revenues were up 25% on a 20% increase in attendance. Those are blockbuster numbers for a company that was on the verge of a below-market value buyout earlier this year.
How encouraging is all this news? With Great Wolf Resorts
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