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NEWS
Six Flags’ upswing shows no signs of abating, strengthened by global franchise deals
POSTED 27 Jul 2016 . BY Alice Davis
Pricing and multi-visit pass initiatives are helping boost revenues at Six Flags Credit: Six Flags
Six Flags has reported a doubling of income from its global franchising push as one of the main drivers behind strong Q2 figures.

For the first six months of the year, the theme park company reported year-on-year growth of US$51m (€46m, £39m) or 11 per cent to US$522m (€474m, £398m). The strong performance is due to a 7 per cent increase in visitor attendance, a 3 per cent increase in visitor spend and a 104 per cent increase in international licensing revenue.

The numbers come on the back of a bullish first quarter, with Six Flags filing earnings of US$115m (€104.6m, £87.7m) in the traditionally tough US winter period.

“Our 2016 season is off to an excellent start,” said Six Flags president and CEO John Duffey. “Our innovative new attractions have received very positive reviews along with the first-ever integration of virtual reality technology into our rollercoasters. Our pricing and multi-visit pass initiatives are working well and we are highly encouraged by the positive trends in our business including the 11 per cent increase in our Active Pass Base.”

He added that bigger revenues from ticket sales and increasing income from a bold international expansion schedule – with plans for licensed parks in China, Vietnam and Dubai within the next decade – means the company remains on track to reach its goal of US$600m in pre-tax earnings by 2017.

For Q2, Six Flags revenue rose by 5 per cent year on year, the equivalent of US$21m (€19.1m, £16m), to US$407m (€370.3m, £310.4m). Net income decreased US$5m (€4.5m, £3.8m) – seven per cent – due to a one-off tax benefit that happened in Q2 2015.

For more on the future of Six Flags, see our interview with John Duffey in the current issue of Attractions Management or click here.
RELATED STORIES
  Six Flags adding two more Chinese properties to ever-expanding international portfolio


As Six Flags continues its aggressive expansion plans in foreign markets, the theme park operator has signed an agreement for a second theme park and a waterpark in China, adding to its existing property, which broke ground in January.
  Six Flags using Pokémon Go to draw visitors with trainer guides


As digital overlays are starting to increasingly affecting our physical spaces, Six Flags is capitalising on the huge success of Pokémon Go, offering visitors to each of its parks a handy guide on how to ‘catch em’ all’.
  Dubai Parks and Resorts breaks ground on Middle East's first Six Flags theme park


Just a few months after announcing plans to add a fourth theme park to its expanding attractions portfolio, Six Flags has started work on a development at Dubai Parks and Resorts.
  Six Flags eyes further international expansion with Saudi Arabia plans


Six Flags continues to focus its efforts outside of the US, with plans to bring its theme park brand to Saudi Arabia as its global expansion continues.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
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FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
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NEWS
Six Flags’ upswing shows no signs of abating, strengthened by global franchise deals
POSTED 27 Jul 2016 . BY Alice Davis
Pricing and multi-visit pass initiatives are helping boost revenues at Six Flags Credit: Six Flags
Six Flags has reported a doubling of income from its global franchising push as one of the main drivers behind strong Q2 figures.

For the first six months of the year, the theme park company reported year-on-year growth of US$51m (€46m, £39m) or 11 per cent to US$522m (€474m, £398m). The strong performance is due to a 7 per cent increase in visitor attendance, a 3 per cent increase in visitor spend and a 104 per cent increase in international licensing revenue.

The numbers come on the back of a bullish first quarter, with Six Flags filing earnings of US$115m (€104.6m, £87.7m) in the traditionally tough US winter period.

“Our 2016 season is off to an excellent start,” said Six Flags president and CEO John Duffey. “Our innovative new attractions have received very positive reviews along with the first-ever integration of virtual reality technology into our rollercoasters. Our pricing and multi-visit pass initiatives are working well and we are highly encouraged by the positive trends in our business including the 11 per cent increase in our Active Pass Base.”

He added that bigger revenues from ticket sales and increasing income from a bold international expansion schedule – with plans for licensed parks in China, Vietnam and Dubai within the next decade – means the company remains on track to reach its goal of US$600m in pre-tax earnings by 2017.

For Q2, Six Flags revenue rose by 5 per cent year on year, the equivalent of US$21m (€19.1m, £16m), to US$407m (€370.3m, £310.4m). Net income decreased US$5m (€4.5m, £3.8m) – seven per cent – due to a one-off tax benefit that happened in Q2 2015.

For more on the future of Six Flags, see our interview with John Duffey in the current issue of Attractions Management or click here.
RELATED STORIES
Six Flags adding two more Chinese properties to ever-expanding international portfolio


As Six Flags continues its aggressive expansion plans in foreign markets, the theme park operator has signed an agreement for a second theme park and a waterpark in China, adding to its existing property, which broke ground in January.
Six Flags using Pokémon Go to draw visitors with trainer guides


As digital overlays are starting to increasingly affecting our physical spaces, Six Flags is capitalising on the huge success of Pokémon Go, offering visitors to each of its parks a handy guide on how to ‘catch em’ all’.
Dubai Parks and Resorts breaks ground on Middle East's first Six Flags theme park


Just a few months after announcing plans to add a fourth theme park to its expanding attractions portfolio, Six Flags has started work on a development at Dubai Parks and Resorts.
Six Flags eyes further international expansion with Saudi Arabia plans


Six Flags continues to focus its efforts outside of the US, with plans to bring its theme park brand to Saudi Arabia as its global expansion continues.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
 
COMPANY PROFILES
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS