I think that tweet was cherry picking a negative stat. Read the full report for yourself, but I highlighted some points below regarding the highs. I do wish they broke down the numbers by individual parks. That said, there's rumors of more entertainment cuts including Cameo Kate at the Calico Saloon, Native American Dancer and the Memory Lane Melodian. It's these types of entertainment that creates the atmosphere Knott's is known for. If true, they're really killing its roots.
I think these cuts are to salvage the loss from the chaperone policy resulting in low attendance and lost revenue. Why else would they have so many crazy promotions like the $15 F&B credits, $74.99 bundles that includes a day pass, parking and all day dining, and $49.99 bring a friend days?
Cedar Fair Reports Record Results for 2022 Fourth Quarter and Full Year - Cedar Fair
- Record 2022 performance in net revenues, net income and Adjusted EBITDA driven by year-over-year increases in attendance (+38%) and out-of-park revenues (+27%), as well as near historical highs for in-park per capita spending
- In-park per capita spending(3) was $63.33, an increase of 3% compared with Q4-2021, primarily due to increases in guest spending on admissions and food and beverage. Compared with Q4-2019, in-park per capita spending increased 36%, driven higher over the three-year period by meaningful increases in guest spending across all in-park revenue channels.
- Compared with 2019, in-park per capita spending increased 28%, driven higher over the three-year period by meaningful increases in guest spending across all in-park revenue channels.
- The capital investments we made in 2022 delivered impressive returns, driving revenue growth across the portfolio through meaningful increases in attendance and out-of-park revenues, as well as near historical highs in in-park per capita spending
- The increase in net revenues was due primarily to a 28%, or $13.33, increase in 2022 in-park per capita spending
- The $47 million increase reflects higher net revenues attributable to higher in-park per capita spending