This past quarter was another record for Cedar Fair Entertainment Company, having posted financial results that have continued the streak of growth for the company. As usual the company had an investor's conference call, where we find out some interesting tidbits - and this call was filled with them! Here's what I noted.
• Out of park revenues were up 10% through November 1st, in large part to a "overwhelmingly positive guest response" to the massive Hotel Breakers renovation at Cedar Point.
• Both Carowinds and Knott's Berry Farm are expected to report record levels of attendance for the 2015 season.
• Canada's Wonderland and Valleyfair have also contributed significant gains in attendance in 2015.
• Halloween continues to be a key part of the company's year, with them now building permanent haunted house structures and expanding the events with more family friendly daytime fun. Cedar Fair believes they provide an experience and scale "no other regional amusement park or entertainment venue can match."
• FunPix will debut at the chain's 5 largest parks next year. The program will allows guests to digitally share photos from their visits.
• Cedar Fair is continuing to work on the multimillion dollar sports complex located near Cedar Point, with an opening expected in late 2016.
• California's Great America will debut a new "winter event' in 2016, without much detail given. They will leverage the knowledge gained from the success of Knott's Merry Farm in their attempt. In the future the winter event could come to multiple parks, but not at all of them.
• Knott's Berry Farm for the first time surpassed 4 million visitors, that's in all of its history. The response to the changes at the park has been so good Cedar Fair now believe there is plenty of more room to grow.
• The Hotel Breakers renovation exceeded the company's expectations to a degree that they are looking more than ever at upgrading campgrounds at existing parks, adding them to new ones, and it sounds like crunching the numbers on an actual hotel at Carowinds.