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Valravn - Cedar Point |
I continue to notice that some of the major regional operators keep installing coaster after roller coaster. Is this the best way to grow attendance?
Charles R.
Dear Charles,
I have said for many years that in our industry, “coaster is king.” Visitors, particularly teens and young adults, are drawn to coasters.
For many years – actually 44 years now – coasters have been back in vogue. It was “The Racer” at Kings Island in Cincinnati that sparked the resurgence of roller coaster introduction and development.
Let me share a little backstory to this fact.
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Six Flags over Texas 1961 |
It is interesting to note that, when Disneyland opened in 1955, and subsequently Six Flags Over Texas in 1961, neither opened with roller coasters. At that time, the fledgling industry felt that roller coasters were passé and beneath the renaissance of new theme parks. Back in the late 1960s and early 1970s, a team of us working at Coney Island in Cincinnati were responsible for the planning and development of a new park – Kings Island. We decided that, based on the wonderful history of our Coney Island park and the great success we had with the world-famous “Shooting Star”, “Wildcat”, and children’s “Teddy Bear” coasters, we would fight the tide and the industry “know it alls”, and launch the resurgence of the modern day coaster.
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The Racer at Kings Island |
Interestingly enough, Six Flags – which was the new major theme park developer having opened in Texas (1961), Georgia (1967), St. Louis (1971) – had no roller coasters. They did not believe in them. But when they came to visit us at Kings Island to see the Racer, and saw the enormous success and popularity of our coasters, that is when Six Flags decided to add them to their park line up of rides.
Charles, coasters are great. But, capital expenditures need to be spread throughout the visitor demographics. Children, teens, young adults, and families all require proper product planning if a park wants to maintain and grow the annual attendance.
For years, the Cedar Fair company knew only one way to spend capital – and that was on coasters. Six Flags fell into the same trap for a while. Looking back at the Kingda Ka introduction in 2005, this coaster set Six Flags back by about $24 million. That season, after putting in the tallest coaster in the industry, they saw no growth in attendance. At that time, people were tired of the longest, highest, and fastest. They voted with their feet at the front gate.
That example notwithstanding, coasters still remain a staple of our business. But, when is enough enough?
To build attendance and revenues today, parks have to spread capital through the various demographic segments, as I mentioned earlier. This must be spread through the age groups, and through the economic strata.
We know the season pass sales in parks have risen to all-time highs, now making up about 45% to 50% of a large regional operator’s annual attendance. While noteworthy and extremely significant, capital expenditures (or CAP-X) have to be spent in a manner towards creating and improving the guests’ overall experience. This is done through better foods, character experiences, off site improvements, family attractions, water attractions, parades and light shows that extend the length of stay, and other programs. All of these programs make for a better overall, well-rounded experience.
Charles, the coaster will most likely always “be king” and play a continuing and important part of a park’s attraction package. However, smart, long-term growth at the gate and improved revenue streams will come from parks continuing to offer a broad array of products, whether flat rides or coasters, or major foods such as Skyline Chili or Mrs. Knott’s famous fried chicken (both park offerings and two of my favorites! ;)
We need to deliver on product, service, and fun!
Happy riding!