Manic Monte
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Hersheypark (HP) Discussion Thread
Manic Monte replied to robbalvey's topic in Theme Parks, Roller Coasters, & Donkeys!
Wow...very similar to The Joker at SFDK. -
And that's where my theory comes into play. I wasn't being facetious. If this isn't solved soon, the company will need an alternative cash flow to pay down debt. Bringing in a new CEO at this point may stop the bleeding, but won't heal the wound. I can't see a way out of this without selling some asset. With California currently being the absolute worst place to do business right now, to me this makes SFMM and SFDK the most vulnerable. And I don't think anyone would miss either park
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I agree. You can already see the ripple affect all across US parks. Where’s the 25 million dollar B&M? 30 million dollar Intamin? No one is building that. Instead parks are either rebranding current rides or finishing rides that are already on the books. That’ll happen after a pandemic and economic down turn. You can look back in the thread from 2008/2009 and see a similar SF situation and park’s building family rides or nothing at all.
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SFMM has never had good leadership that sticks around more than a year. Everytime they do the company promotes them (or runs them off). Look no further than Jeffrey Seibert at Fiesta Texas for what great leadership can do for a park. I hate the word Premium. That's not what SF should be aspiring to. Quality is a better word. They should be modeling Cedar Fair, not Disney/Universal. While I don't agree with prices being raised so much and so quickly, I do agree with the new CEO that the culture needs a face-lift. I've always hated the notion that the cheap, non spending, membership holding teen is the guest they should be courting. That any lousy guest is fine as long as they're clicking the turnstyle.
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You can be a regional theme park and still offer a much better experience than SF has the last 20 years. It takes time and doesn't happen overnight. Look at the former Paramount Parks now under Cedar Fair? Kings Island, once not much better that your typical Six Flags park, is now one of the countries best. You think that happened after a year? I don't agree. I DON'T think the answer is to remain a cheap chain. These parks (especially the big 5) have so much more potential than that.
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Sky high parking is an old trick. Universal does this also. Raise parking to push people into buying an annual pass that includes parking. Unfortunately, this Selim dude has heavily overestimated the current interest level of Six Flags. On the plus side, I haven't enjoyed SFMM this much in years! So there's that...
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^ Agreed. This looks like a long game play. The problem of course, if you're going to go this route, the higher ups really need to know what they're doing and need to stay the course even through sagging bottom lines and negative responses from the blogs. Can they? Can they (in a sense) turn Six Flags into the equivalent of what Cedar Fair managed to do with Kings Island and Carowinds?
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Perhaps the new CEO is looking at the big overall picture and isn't glued to what is happening in a clear transitional period? The fact is, they were giving away the gate for so long, and just accepting cheap guests and bratty teenagers,and that needed to change. If you wait until all the parks are in great condition to make that change, you'll be waiting forever, as we've seen.