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Village Roadshow moves away from low cost theme park passes
In a move away from discounted theme park season passes, Village Roadshow Theme Parks have announced a new ticketing strategy that replaces annual passes costing as little as $9 a month.
Introducing the Village Roadshow One Pass to replace its former VIP Pass, the new ticketing initiative will continue to give access to Village’s Gold Coast flagship theme parks Sea World, Warner Bros. Movie World, Wet'n'Wild Gold Coast and Paradise Country, but at a higher cost.
Passes will cost $199 - or $139 for local residents – for 12 months of unlimited entry to the attractions.
Introduced by both Village Roadshow and Dreamworld owner Ardent Leisure in the wake of the Global Financial Crisis of 2009, the low cost annual passes, costing less than $100, were considerably less than previous single park annual pass previously available.
With both groups having offered the passes in the highly competitive and price sensitive Gold Coast theme park market, neither had moved away from the discounting spiral until now.
However, with the Dreamworld brand damaged by the fallout from last year's fatalities on its Thunder River Rapids ride, Village Roadshow Theme Parks are repositioning their parks as a premium product.
Having invested $30 million in the DC Rivals HyperCoaster, which has attracted significant crowds since its opening in September, Village Roadshow appears confident about its new pricing.
The new pass also sees the demise of memberships - monthly billed passes that were noted upon introduction for their low monthly cost but higher overall cost, lower churn rate and better cashflow for the company.
The One Pass also includes one entry to Movie World's White Christmas and Sea World's Carnivale. Fright Nights, the group's flagship event is not included with the new passes.
The new pricing also removes transaction fees and other added charges from the process, vastly simplifying transactions with Village Roadshow Theme Parks. Similarly, the company has removed one-hour locker hire fees for attractions like Superman Escape.
Over several years industry insiders had been questioning the wisdom of discounted entry charges and the cost of annual 'unlimited entry' passes, suggesting that the Gold Coast theme parks are undervalueing the pricing of their product and reducing their ticketing income generation from return and repeat visitors.
Village Roadshow is reportedly also close to selling its 154 hectare Oxenford landholding - home to Movie World, Wet’n’Wild, Australian Outback Spectacular, Paradise Country and Village Roadshow Studios.
Images: Village Roadshow's multi-park ticket discounted to $89 on coupon site Groupon earlier this year (top) and Movie World's DC Rivals HyperCoaster (below).
22nd September 2017 - WARNER BROS. MOVIE WORLD OPENS SOUTHERN HEMISPHERE’S LARGEST ROLLERCOASTER
19th September 2017 - VILLAGE ROADSHOW TO INSTALL ACCESSO PASSPORT TICKETING SUITE AT KEY ATTRACTIONS
8th September 2017 - VILLAGE ROADSHOW LOOKS TO SELL GOLD COAST THEME PARK LAND
16th March 2017 - VILLAGE ROADSHOW THEME PARKS BRINGS BACK ITS VIP MAGIC PASS
20th January 2016 - GROWING IMPORTANCE OF MEMBERSHIPS TO GOLD COAST THEME PARK REVENUE
11th March 2014 - VILLAGE ROADSHOW THEME PARKS OFFER FOR CHILD ANNUAL PASSES
6th February 2013 - VILLAGE THEME PARKS OFFERS FURTHER ENTRY DISCOUNTS FOR LOCAL MARKET
29th October 2011 - PRICE WAR HITS REVENUE AT ARDENT ATTRACTIONS
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