KD's max capacity is between 45000 and 48000 (Source: http://www.virginiadot.org/projects/resources/analysis.pdf). 11-12k isn't a terrible daily attendance number for KD and would be more than a lot of their weekdays and early season weekends have for attendance. My assumption is those lower attendance days aren't open as loss leaders and that they do make an operating profit those days, likely by opening less eateries and such. The challenge is can an 11-12k attendance cap support bigger events and shows, which is where I think you'd run into issues.I would remind everyone to caveat what they know and what is an assessment or opinion.
I doubt anyone on this forum knows enough about KD’s financials to be able to assert that “25% would be doable.”
I am seeing this problem across the sub-fora.
KD's max capacity is between 45000 and 48000 (Source: http://www.virginiadot.org/projects/resources/analysis.pdf). 11-12k isn't a terrible daily attendance number for KD and would be more than a lot of their weekdays and early season weekends have for attendance. My assumption is those lower attendance days aren't open as loss leaders and that they do make an operating profit those days, likely by opening less eateries and such. The challenge is can an 11-12k attendance cap support bigger events and shows, which is where I think you'd run into issues.
Also remember that we expect operating costs to be significantly higher than normal thanks to health monitoring, PPE, training, hugely increased sanitation, etc. Comparing the break even point post-COVID to that point pre-COVID is apples to oranges.
They would most likely scale the park back to look like the early season low attendance days and make their profit that way. That likely means closing eateries, rides, shops, etc. that have too high a marginal cost to operate. Operating the park at higher capacity takes a lot more staff than a light day, though it's surely more profitable than a light attendance day.This is just my opinion on it:
I would doubt at those times they care as much about the day to day, because the early months have special groups, then summer weekends with 35,000-40,000 people in the park make the week/month profitable. There's a big difference between 2-3 weeks of it, then 3-4 days a week than it is for potentially 2-3 or more months of operating that.
The additional operating needs will probably have dis-economies of scale beyond certain points. With large crowds, social distancing becomes exponentially more difficult to manage and ride sanitation will create exponentially longer queues that will have to be managed. A lighter crowd can largely social distance on their own and queues can be manageable with between ride sanitation and limited seating that will be needed.Also remember that we expect operating costs to be significantly higher than normal thanks to health monitoring, PPE, training, hugely increased sanitation, etc. Comparing the break even point post-COVID to that point pre-COVID is apples to oranges.
If KD and Cedar Fair parks in general can't drive revenue, or at least see a path forward to needed target revenues, I'd say it's more likely than not this project gets cancelled. Cedar Fair took on a lot of debt to get cash on hand for surviving through the crisis and if they have to draw down that cash a lot of capital projects are going to get cut left and right.I wonder if the 4d free spin will be canceled due to covid19
I’m actually very interested to see how one runs a virtual race. I believe KD was the only CF park that went with this option rather than delaying it to 2021.
You know what I am really looking forward to? Not having to fight a swarm of bees for my drink refills. Please, please, please, KD, get rid of the self-service drink machines!
We use essential cookies to make this site work, and optional cookies to enhance your experience.