Three more theme parks for China as Six Flags enjoys record start to 2018
Off the back of a record financial start to the year, Six Flags has announced plans to develop three more theme parks in China, as the operator continues to ride the international wave of momentum it has created.
For the first quarter of the year, Six Flags revenues jumped by US$29m (€23.8m, £20.8m) – a 30 per cent increase on the previous year – to a record US$129m (€105.7m, £92.5m).
Six Flags attributed the increase to a 27 per cent rise in visitor numbers, boosted by new additions and a new pricing strategy. The company's international licensing programme was also credited, something the operator is aiming to build on with developments starting to come up worldwide, particularly in China.
Announced alongside its Chinese partner, the Riverside Investment Group, Six Flags has announced a new location in Nanjing, with the offering including a theme park, waterpark, and an adventure park. The new attractions will be part of a multi-million dollar entertainment complex, which is expected to open in its first phase in 2021.
According to Six Flags, the theme and waterparks will feature rollercoasters, rides, waterslides and attractions, along with elaborately-themed sections celebrating time-honored Chinese and American traditions. The adventure park will include activities such as motocross racing, whitewater rafting and rock climbing.
“Six Flags and Riverside have a shared vision to develop multiple parks throughout China, with offerings tailored to every member of the family,” said Six Flags International Development Company president, David McKillips.
“The Nanjing parks, like their sister properties in China and North America, will have a distinctive look and feel with one-of-a-kind experiences that will only be available at those locations. In addition, Nanjing’s close proximity to Zhejiang will add tremendous value for Season Pass holders in the Yangzi River Delta region.”
With most of Six Flags' parks not open during the first quarter, there was an expected loss in earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$19m (€15.6mm, £13.6mm). This figure was significantly improved over the previous year, with losses dropping by US$16m (€13.1m, £11.5m), which was primarily attributed to the increase in attendance and higher guest spending per capita.
“We are firing on all cylinders as we made excellent progress in the quarter against each of our growth initiatives,” said Jim Reid-Anderson, Six Flags chair, president and CEO.
“With our new water park openings and new international licensing agreements, we are poised to deliver another record year of financial performance in 2018."
Six Flags theme parks China Riverside Investment Group Nanjing David McKillips Jim Reid-AndersonSix Flags confirms Saudi Arabia plans for 2022
Six Flags targets new waterpark acquisitions in 2018 following record year
Six Flags' plans for world's first solar-powered theme park get green light
Don Potts joins Riverside Group to oversee expansion of Six Flags destinations in China
Six Flags provides parks and employee updates following Mexico earthquake
Deepak Chopra-backed wellness resort Ameyalli to open among historic Utah hot springs
Connection, creativity and nature inspire Arizona’s upcoming desert wellness sanctuary Align
Wellness real estate market booming – forecast to reach $913bn by 2028, reports GWI
UAE’s first Dior Spa debuts in Dubai at Dorchester Collection’s newest hotel, The Lana
Europe's premier Evian Spa unveiled at Hôtel Royal in France
Clinique La Prairie unveils health resort in China after two-year project
GoCo Health Innovation City in Sweden plans to lead the world in delivering wellness and new science
Four Seasons announces luxury wellness resort and residences at Amaala
Aman sister brand Janu debuts in Tokyo with four-floor urban wellness retreat
€38m geothermal spa and leisure centre to revitalise Croatian city of Bjelovar
Two Santani eco-friendly wellness resorts coming to Oman, partnered with Omran Group
Kerzner shows confidence in its Siro wellness hotel concept, revealing plans to open 100
Ritz-Carlton, Portland unveils skyline spa inspired by unfolding petals of a rose
Rogers Stirk Harbour & Partners are just one of the names behind The Emory hotel London and Surrenne private members club
Peninsula Hot Springs unveils AUS$11.7m sister site in Australian outback
IWBI creates WELL for residential programme to inspire healthy living environments
Conrad Orlando unveils water-inspired spa oasis amid billion-dollar Evermore Resort complex
Studio A+ realises striking urban hot springs retreat in China's Shanxi Province
Populous reveals plans for major e-sports arena in Saudi Arabia
Wake The Tiger launches new 1,000sq m expansion
Othership CEO envisions its urban bathhouses in every city in North America
Merlin teams up with Hasbro and Lego to create Peppa Pig experiences
SHA Wellness unveils highly-anticipated Mexico outpost
One&Only One Za’abeel opens in Dubai featuring striking design by Nikken Sekkei
Luxury spa hotel, Calcot Manor, creates new Grain Store health club
'World's largest' indoor ski centre by 10 Design slated to open in 2025
Murrayshall Country Estate awarded planning permission for multi-million-pound spa and leisure centre
Aman's Janu hotel by Pelli Clarke & Partners will have 4,000sq m of wellness space
Therme Group confirms Incheon Golden Harbor location for South Korean wellbeing resort
Universal Studios eyes the UK for first European resort
Tom Walker exploresthe storybehind TottenhamHotspur’sgroundbreakingnew footballstadium
From climate change to resource scarcity, Exploration Architecture uses biomimicry to address some of the world’s major challenges. Its founder tells us how