Merlin records revenue increase despite difficult 2016 trading conditions

Merlin Entertainments has revealed its end of year results, with £1.43bn (US$1.76bn, €1.66bn) in revenue capping off a strong year for the operator despite having to navigate some choppy waters.

The operator recorded growth of 11.7 per cent year-on-year, up from 2015’s figures of £1.28bn (US$1.57bn, €1.49bn), which were heavily affected by the fallout of the Smiler crash at Alton Towers. Profits were also up by 3.6 per cent from 2015’s £291m (US$357.5m, €339.5m) to 2016’s £302m (US$371m, €352m).

Merlin CEO Nick Varney highlighted difficult market conditions for Merlin’s visitor attractions in Floridaas well as a “number of headwinds” in 2016, including pre-opening costs related to Legoland developments in Japan and Korea and a £5m fine incurred in relation to the Smiler accident. Merlin also noted improved visitation for Alton Towers and strong performances from its other parks.

“Despite a number of headwinds in 2016, including a difficult market for visitor attractions in Florida, we are pleased with the progress made in the US, generating revenue of £404m (US$496m, €471m) from our North American attractions up from £336m (US$413m, €392m) in 2015,” said Varney.

“We opened our 100th Midway attraction, a new Legoland Discovery Centre in Michigan, and visitors to Madame Tussauds in New York will have enjoyed seeing their favorite Ghostbusters characters and sets from the film up close and personal in a one-of-a-kind experience.

“The roll out of new Midway attractions will continue in 2017, as we open Madame Tussauds Nashville – our first-ever attraction centered around music stars, and a Legoland Discovery Center in Philadelphia.”

Merlin also has ambitious plans for its Legoland brand in 2017, with the US launch of its 166 chalet Beach Resort at Legoland Florida, and launch of new Lego Batman and Ninjago-themed products and features to coincide with release of the two Lego movies out this year. The operator is also exploring opportunities for further Legoland Parks in North America, including the US$500m (€470m, £401.7m) Legoland New York development in Goshen.

Merlin Entertainments  Merlin  Nick Varney  Florida  Legoland Discovery Centre  Legoland  Alton Towers  Smiler  visitor attractions  theme parks 
Related stories
11 Jan 2017

Merlin's Dominic Jones joins Thorpe Park as divisional director

01 Dec 2016

Forrec details 'best of' plan for Legoland New York

30 Sep 2016

Merlin revenue increases despite 'incredibly difficult' trading conditions

27 Sep 2016

Merlin fined £5m for Alton Towers Smiler crash after 'catastrophic' safety failure

26 Sep 2016

Merlin in court for Alton Towers Smiler crash

26 Sep 2016

Merlin due in court over Smiler crash

Merlin Entertainments has revealed its end of year results, with £1.43bn (US$1.76bn, €1.66bn) in revenue capping off a strong year for the operator despite having to navigate some choppy waters. The operator recorded growth of 11.7 per cent year-on-year, up from 2015’s figures of £1.28bn (US$1.57bn, €1.49bn), which were heavily affected by the fallout of the Smiler crash at Alton Towers. Profits were also up by 3.6 per cent from
TAW,VAT
Merlin CEO Nick Varney noted difficult market conditions for Merlin's Florida attractions as well as challenging 'headwinds' for 2016
More news
News stories: 1 - 30 of 8053     
 
 
 
News stories: 1 - 30 of 8053     
 
 
 
company profile
Company profile: Global Project & Spa Advisory
We focus as much on profitability as we do on customer experience, in the definition of global wellness services. Daily wellness is a trend we support. We define personalised services, integrating health prevention and all experiences that enhance the sustainability of one’s wellbeing.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
The project reimagines neglected land as a new green urban district
"Culture is the beating heart of this project"

Designed to restore neglected land and renew the identity of Iraq’s capital city, Baghdad Sustainable Forests promises a new way of living surrounded by nature. Gensler’s Ian Mulcahay tells us why he thinks the project could become a model for the repair and enhancement of urban centres

cladkit product news
Snow’s holistic cool-down: Embracing inclusivity in post-sauna rituals
Megan Whitby
In the world of wellness, the age-old tradition of sauna bathing is synonymous with relaxation, detoxification and rejuvenation. But, a ...
LivinGlobe introduces redesigned adaptable Vidarium
LivinGlobe can install ultra short throw projections or premium LED panels, as well as the surround sound system and video server
Helen Andrews
Founded more than 10 years ago, LivinGlobe was one of the first companies in the immersive wellness space with its ...
OpenSeed launches private multisensory Iris Meditation Pod
The Iris Pod features vibro-acoustic technology, aromatherapy, light therapy, music, guided meditations and soundscapes
Helen Andrews
OpenSeed has launched its multisensory Iris Meditation Pod, designed in collaboration with Fuseproject – a design and innovation company founded ...
cladkit product news
Effe introduces sauna and hammam collection Baluar by Patricia Urquiola
The system uses heat-treated lime wood cladding, available in either a dark or light tone
Helen Andrews
Sauna specialist Effe (formerly Effegibi) has introduced its new sauna and hammam collection, Baluar, designed by architect and designer Patricia ...
Heatherwick Studio and lighting brand Tala collaborate to create sleep light called Wake
Wake is crafted from hand-spun ceramic and pressed glass, behind which a gentle light emanates to improve sleep routines and wellbeing
Helen Andrews
Design firm Heatherwick Studio and British lighting brand Tala have teamed up to create a sleep light called Wake. The ...
Porada launch retro-inspired coffee table
Porada's new Enook Brillo coffee table
Magali Robathan
Maurizio Marconato and Terry Zappa have created the Enook Brillo coffee table for Italian design studio Porada – a retro-inspired design ...
cladkit product news
TouchWood Play designs new kids’ club for Dubai’s Zuhha Island
The new club aims to connect children with nature
Magali Robathan
Bespoke play environment design and manufacturer TouchWood Play has announced that it is responsible for the creation of a new Kids’ ...
New Balera collection embeds lighting in 
tiled feature walls
Studiotamat has teamed up with Ariana de Luca to create the Balera range
Magali Robathan
The new Balera Collection sees design studio Studiotamat team up with ceramic artist Arianna De Luca and lighting designer Ninefifty ...
Lucas Zito aims to show 3D printed lamps can be timeless design objects
Lucas Zito’s practice specialises in the design of lights through 3D printing
Magali Robathan
A collection of lighting from Paris-based designer Lucas Zito aims to reframe the idea of 3D printed objects as cheap ...
x
Sign up with CLAD for regular news updates