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Swine flu and global downturn hit theme parks
Gold Coast, Australia theme parks Dreamworld and WaterWater World have seen total revenues fall in the last year, but while visitor numbers also fell at Dreamworld, the adjacent water park saw a 16.5 per cent increase in attendance.
Dreamworld revenues fell 4.3 per cent to AUD$87.4m (£44.5m, US$73.3m, €51.2m) on the previous year and attendance fell by 5.1 per cent. Per capita spend was up 0.9 per cent however.
Greg Shaw, CEO of Macquarie Leisure Trust, which owns both parks, said: "Dreamworld trading has delivered a solid result in the face of difficult market conditions and a general downturn in domestic tourism as a result of the global economic crisis."
He added that the park had been hit by 'unprecedented discounting by competitors' and a slowdown in visitors from China due to swine flu.
WhiteWater World meanwhile saw a 2.6 per cent fall in revenue to AUD$16.2m (£8.2m, US$13.6m, €9.5m) despite the rise in attendance - the result of a drop in per capita spend from AUD$33.77 (£17.20, US$28.31, €19.78) to AUD$28.25 (£14.37, US$23.70, €16.55).
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