Latest News

Back to Latest News back

 

Fine weather boosts performance of Gold Coast theme parks

Fine weather boosts performance of Gold Coast theme parks
January 19, 2016

A rise in visitor numbers to the Gold Coast and fine weather during December looks set to boost the performance of Ardent Leisure and Village Roadshow’s theme parks through summer.

In an analysis of Ardent Leisure and Village Roadshow’s performance, Citi Research analyst Sam Teeger highlights how lower than average December rainfall and rising domestic passenger numbers at the Gold Coast airport are boosting visitation to Dreamworld, WhiteWater World, Sea World, Warner Bros. Movie World and Wet’n’Wild Gold Coast.

Teeger also suggests that the birth of two tiger cubs at Dreamworld and the re-opening of the Green Lantern roller coaster at Movie World are likely to have positive impacts on visitation at the respective parks.

In a share and performance analysis, Teeger recommends Village Roadshow shares, stating "Village still remains our preferred pick in the sector.

"Gold Coast theme parks represents 42% of Village's full year 2016 estimated earnings before interest, tax, depreciation and amortisation, compared to 25% at Ardent."

Teeger also makes other significant observations on the sector, and the possibility that Ardent Leisure may look to sell Dreamworld/WhiteWater World.

Following an earlier analysis of the impact of a potential theme park development on the Gold Coast by China’s Dalian Wanda Group, he suggest Ardent Leisure, which owns Dreamworld and WhiteWater World, “as a potential though reluctant seller of one of its theme parks to Chinese giant Wanda, who has announced it wants to build a theme park at the Gold Coast and is current in talks to buy (Hollywood film studio) Legendary Entertainment.”

Citi has suggested that Ardent Leisure could attract between $228 million to $360 million for its theme park which could help fund 20 to 30 new Main Event centres, its highly profitable US-based family entertainment centre division.

Teeger also highlights the growing importance of memberships (an expansion of former season pass schemes) to the Gold Coast’s theme parks.

Image: Dreamworld.

8th January 2016 - WANDA’S LEGENDARY ENTERTAINMENT ACQUISITION LEADS TO JURASSIC WORLD THEME PARK SPECULATION

4th January 2016 - DALIAN WANDA’S GOLD COAST THEME PARK PLAN WOULD HIT EXISTING ATTRACTIONS

28th December 2015 - GOLD COAST THEME PARKS LENGTHEN PEAK SEASON OPERATING HOURS

28th December 2015 - DREAMWORLD REVS UP MULTIMILLION DOLLAR MOTORSPORT PRECINCT

19th December 2015 - VILLAGE ROADSHOW PLANS NEW ROLLERCOASTER, HOTEL AND LAKESIDE ATTRACTION AT MOVIE WORLD

11th December 2015 - AUSTRALIANS LOVE THEME PARK VISITS

25th August 2015 - WEATHER HITS VILLAGE ROADSHOW PROFITS


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

ICP

ICP is an Australian-based company focused on indoor climbing. ICP will manage your project from initial design to completion and beyond, whether you're building an international-level climbing…

read more

Attractions / Fitness / Recreation

 
 

Tim Batt Water Solutions

Tim Batt Water Solutions are at the very forefront of the commercial aquatic business in Australia, with over 30 years specific experience supplying and installing chemical control and dosing…

read more

Aquatics / Environment / Recreation / Technology / Venues

 
 

PRIAVA

About Priava's Technology -  Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…

read more

Attractions / Billing / Entertainment / Events / Technology

 
 

Ecoline

Ecoline is a highly experienced and skilled company that offers world-first technology in safety, protects the environment and provides a unique and challenging custom-made adventure and educational…

read more

Attractions / Environment / Safety / Tourism

 
 

VIVATICKET

As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd.  19th July 2018 - ENTA AUSTRALASIA REBRANDS AS VIVATICKET 17th October 2016…

read more

Attractions / Entertainment / Sport / Ticketing / Venues

 
 

LANDER & ROGERS

Lander & Rogers' Sports Business Group is the leading sports law practice in Australia, representing over 150 national and international sporting bodies. Our clients include international…

read more

Legal

 
 

Humanforce

Humanforce is a global provider of workforce management solutions for companies who need flexibility to manage complex workforces. Companies use Humanforce to manage everything from time and…

read more

Hospitality / Retail / Technology / Venues

 
 

THE FITNESS GENERATION

The Fitness Generation is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/

read more

Fitness / Technology / Wellness

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business