HCM SUMMIT
23 October 2025
Tickets available soon
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
Doncaster Culture and Leisure Trust
£47,000 - £50,000pa + pension + generous benefits package
Doncaster, South Yorkshire
Everyone Active
Competitive
Cleveland

Record quarter for Cedar Fair as operator targets US$500m earnings record

Job opportunities
Doncaster Culture and Leisure Trust
£47,000 - £50,000pa + pension + generous benefits package
location: Doncaster, South Yorkshire, United Kingdom
more jobs

Cedar Fair is on course for another record year of results, after the company recorded net revenues of US$393m (€332m, £297m) for the second quarter of 2017, US$5m (€4.2m, £3.8m) higher than record revenues reported for the same period last year.

The 1 per cent increase in revenue reflects a 2 per cent increase in attendance year-on-year, up 134,000 people to 6.7 million visitors.

Cedar Fair has attributed the increase to a strong capital investment programme, which has included the introduction of a number of new rides in 2017, the success of its early-season multi-week special events, and the extra benefit of the Easter holiday occurring during the second quarter this year versus the first quarter last year.

Discounting the unusual timing of the Easter break, earnings before interest, taxes, depreciation, and amortisation (EBITDA) were US$150m (€126.6m, £113.8m) – an increase of 2 per cent compared with 2016’s figures.

"We continue to see the resilience of our business model and the underlying demand for our products remains strong," said Cedar Fair CEO Matt Ouimet.

"Our investments in new rides and attractions, special events and high-quality group catering facilities are further differentiating Cedar Fair from other group entertainment options. We have also enhanced our waterpark business model by improving the overall guest amenities and increasing the quality and capacity of our food and beverage offerings within these venues.

"Maintaining these trends in the coming weeks, combined with strong demand for our upcoming Halloween and WinterFest events, is important to enable us to achieve our long-term adjusted EBITDA goal of US$500m (€422.5m, £377.6m) – a year earlier than originally planned."

Sign up for FREE ezines & magazines
Cedar Fair is on course for another record year of results, after the company recorded net revenues of US$393m (€332m, £297m) for the second quarter of 2017, US$5m (€4.2m, £3.8m) higher than record revenues reported for the same period last year.
TAW,VAT
THUMB20775_543018.jpg

More News

1 - 15 of 68,410
26 Feb 2025
Improvements in life expectancy in Europe have slowed according to a study published in The Lancet Public Health Journal, with England showing the largest deceleration. ... More
26 Feb 2025
US operator, Life Time, has started the rollout of cold plunges to more than 70 of its clubs in response to customer demand. In a ... More
25 Feb 2025
Peloton has entered into a partnership with the University of Texas to offer the first immersive Peloton workout space on a college campus. The university’s ... More
24 Feb 2025
Corinthia Hotels and Dubai General Properties (DGP) have partnered to develop a new five-star hotel and residential complex in the heart of Dubai, marking Corinthia's ... More
24 Feb 2025
Technogym founder, Nerio Alessandri, has unveiled his trademarked 'Healthness' concept at the Technogym 25th Wellness Congress. The new word joins the company's lexicon which includes ... More
20 Feb 2025
BIG – Bjarke Ingels Group has completed the 1,200sq m Jinji Lake Pavilion in Suzhou, China. Situated on the Jinji waterfront, the pavilion offers a ... More
19 Feb 2025
Four Seasons has announced plans to expand its presence in the UAE with a new luxury resort in Ras Al Khaimah, set within the flagship ... More
19 Feb 2025
Glasgow Clyde College (GCC) is introducing an innovative UK degree-level qualification: the Advanced Leadership in the Spa and Beauty Industry course. This new programme, available ... More
18 Feb 2025
Accor has released a comprehensive white paper designed to deepen understanding of wellness design and its capacity to enhance guest experiences, boost loyalty and drive ... More
18 Feb 2025
After four launches last year, Third Space is keeping up the pace of expansion with a new signing on London’s Oxford Street, as well as ... More
18 Feb 2025
Young and affluent consumers are leading health club usage in Latin America, according to research from the Health and Fitness Association (HFA) and there are ... More
17 Feb 2025
Colruyt Group’s fitness chain, Jims, is doubling its estate with the acquisition of 40 fitness clubs from NRG. The deal will accelerate the Colruyt Group’s ... More
17 Feb 2025
Global Wellness Day (GWD) is set to return for its 14th year on 14 June 2025, embracing the theme: #ReconnectMagenta – a call to restore ... More
17 Feb 2025
Merlin Entertainments has confirmed Fiona Eastwood as its CEO – she had been interim CEO following the departure of Scott O’Neil. Eastwood said: “I have ... More
14 Feb 2025
Mike Farrar is stepping down as chair of UK Active, after being appointed interim Permanent Secretary of the Department of Health in Northern Ireland. Farrar ... More
1 - 15 of 68,410