Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Everyone Active
27,635
Stowmarket
English Heritage
£30,190 - £32,636pa + matched pension + benefits
Home-based with countrywide travel

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

Job opportunities
English Heritage
£30,190 - £32,636pa + matched pension + benefits
location: Home-based with countrywide travel, 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, news alerts & magazines
Related news

Competitors not a concern for Cedar Fair, says CEO Matt Ouimet

16 Feb 2017
With California’s hotbed of theme park attractions all making significant investment into new developments, Cedar ...
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 69,632
23 Jun 2026
Sea Lanes Canary Wharf has officially opened. The 50-metre, six-lane pool, which uses the natural water of the dock, offers year-round open water swimming in ... More
23 Jun 2026
London-based high-performance fitness club, ONE LDN, is raising funds for a multi-site expansion across London, the UK, and Europe over the next five years. Founded ... More
23 Jun 2026
The Standards Authority for Touch in Cancer Care (SATCC) charity has announced its first five-day Living with Cancer and Beyond retreat, which will be held ... More
23 Jun 2026
After some delays, work on Newcastle’s £28.9 million wellness centre at West Denton is underway and scheduled for completion in late 2027.  FaulknerBrowns Architects, which ... More
23 Jun 2026
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers confirming the six-million-square-metre site will become a Global Village after the event ... More
22 Jun 2026
A new brain clinic has opened in London, which uses non-invasive brain stimulation to treat chronic pain, anxiety and burnout at the neurological source. Naya ... More
22 Jun 2026
Palazzo di Varignana, in the Emilia Romagna region of Italy, has created a new tailored health programme designed specifically for families. Families with young children ... More
22 Jun 2026
Good Boost’s digital exercise programmes are helping adults with MSK at a lower cost than physiotherapy, according to a study carried out by the University ... More
22 Jun 2026
Patmos Aktis, a Luxury Collection Resort and Spa, has opened in Greece, with a renovated and rebranded wellness offering called Ansana Wellness and Spa. The ... More
22 Jun 2026
With Prime Minister, Keir Starmer, announcing his resignation this morning and Andy Burnham as a possible successor, the fitness, health and wellness sector is evaluating ... More
22 Jun 2026
Koru Health Club launched recently within Luxembourg’s multi-experience destination, GRID X, which combines culture, retail and hospitality. The club combines high-end sports facilities with a ... More
22 Jun 2026
The Mauna Kea Beach Hotel, an Autograph Collection property in Hawaii, US, has opened its 22,000 sq ft indoor-outdoor Spa at Mauna Kea as the ... More
22 Jun 2026

The owner of one of Australia's best-known waterparks has acquired a major competitor, creating a new attractions business spanning two of the country's ... More

20 Jun 2026
Swiss furniture manufacturer Vitra has unveiled a major landscape project designed to improve biodiversity, manage water and increase climate resilience across the Vitra Campus in ... More
19 Jun 2026
Celebrating its 10th anniversary, Elevate has had its busiest show to date, with almost 200 exhibitors, 115 seminars and 200 speakers over two days, with ... More
1 - 15 of 69,632