b.mac said:
Kings Dominion barely beat out Cedar Point last year if I remember the numbers right. Surprisingly even though Cedar Point is CF's 'Flagship' park in their chain, they've lost every year in attendance to Canada's Wonderland since 2008. Kings Dominion has been competing with Cedar Point in attendance since 2010.
Look at the coasters built during those years and you'll find out why. Maverick built 2007, Behemoth 2008, i305 2010.
Canada's Wonderland has phenomenal attendance figures for a seasonal theme park. Their attendance numbers are greater than Knott's which is Cedar Fair's only year round park and greater than Cedar Point which is the chain's only resort property.
I assume that Canada's Wonderland's closest competition is the Six Flags park in the Quebec province. Followed by whatever parks there are in up-state New York and finally Cedar Point.
Kings Island seems to hold its own without much close competition. (Holiday World and Dollywood pull from the southern and western edges of Kings Island's market area). Course, with Kentucky Kingdom coming back online in 2014, there might be a small dip in attendance. But, Kentucky Kingdom is going to be in a period of continuous growth for at least another 5-6 years, so I think it gives Cedar Fair time to figure out what attractions to add to maintain and maybe increase future attendance at Kings Island.
Kings Dominion is a solid 2nd tier park for the Cedar Fair chain. Course, its annual attendance averages 800,000 to 1.2 million less folks that the 1st tier parks in the chain (Knotts, Canada's Wonderland, Kings Island, and Cedar Point).
Based on the Cedar Fair webcast highlights, (shown on the News-Plus-Notes web site), the park chain stated that adding something every year to a park does not always translate to increased long-term attendance. The focus seems to be shifting from just finding ways of increasing attendance by adding a new attraction. Cedar Fair stated that they want to focus on those existing guests, with more disposable income, and find ways to promote more spending from them.
Course, in my opinion, spending money on food is at the top of my list. Cedar Fair has some work cut out for them to increase the food quality, variety, and service without sending the prices into low earth orbit.
Merchandise can be improved as well. Too much cheap "trinket" stuff in the shops; that I have no interest in cluttering my house with. I could not tell you the last time I bought a souvenir from the park.
The one current program that brings in some money is the Ride Fast Pass and the Haunt Fast Pass in the fall. I am not sure if Cedar Fair is going to have KD do any type of back-stage tours like the ones at BGW.
As I have stated before, Cedar Fair is not currently in a financial position to take any major risks that could result in taking a financial loss. It appears their debt load is 3-4 times that of other comparable park chains (Six Flags, SeaWorld Entertainment, and the Herchend park chain). Cedar Fair does not have the luxury of being able to handle financial losses due to taking a risk like putting on a Christmas event at Kings Dominion.
That was pretty much stated in the webcast highlights. Outside of Knotts, they don't see any type of Christmas event happening at any other parks in the chain for the foreseeable future. (Cedar Fair is looking at doing some type of spring event at some of their parks in the future).
I think Cedar Fair could bump up their attendance at most of their major parks, by a couple percentage points, if they would continue to improve the entertainment variety and show production values.
Back in the "Golden Years" at Kings Dominion, you had probably 16%-18% of park guests who came to the park just for the shows (might also ride the gentle attractions). When Paramount eliminated the majority of entertainment options, those folks drifted away and never returned. I think if Kings Dominion continues to increase the entertainment options a little more and gave more financial focus to increasing the show production values (sets & costumes) and adding a couple more show facilities, I could see them pull in at least 4%-6% more park guests over a 5-6 year period. Course, doing that would take a chunk money; therefore, the costs would need to be spread out over that 5-6 year time period.