USA: Cedar Fair Entertainment Again Reports a Successful Season

Sandusky (Ohio)-based Cedar Fair Entertainment company, which currently owns and operates 13 leisure facilities in the US and Canada, recently presented the results of its past fiscal year 2019, showing new record net revenues of 1.36 billion Euro (1.47 billion US Dollar). Compared to 2019, this means a plus of nine percent or – excluding the acquisition of two Schlitterbahn waterparks by Cedar Fair in 2019 (cf. EAP News of 14 June 2019) – six percent on same-park basis.

Attendance at Cedar Fair’s parks increased eight percent to a record 27.9 million guests in 2019, same-park attendance increased five percent. In-park per capita spending was up one percent to 44.67 Euro (48.32 US Dollar), out-of-park revenues (including accommodation sales) rose by eleven percent to a total of 156 million Euro (169 million US Dollar). In the past fiscal year, the Adjusted EBITDA climbed by 34.21 million Euro (37 million US Dollar) or eight percent to 467 million Euro (505 million US Dollar).

“We are extremely pleased with our 2019 season, which was the most successful year in Cedar Fair’s history. The initiatives within our long-range strategic plan, which focused on broadening the guest experience through more immersive attractions and entertainment, are clearly resonating in our markets. The successful execution of these initiatives by our talented park teams, and the early contributions from the newly acquired Schlitterbahn water parks, combined to produce our record results in 2019,” said Richard A. Zimmerman, president & CEO of Cedar Fair Entertainment. (eap)