Cedar Fair LP (FUN) CEO Richard Zimmerman on Q3 2019 Results - Earnings Call Transcript

"The growth in same-park attendance through the first 10 months of the year is very encouraging, particularly given the slow start to the season, most notably during January and February in Knott's Berry Farm. In spite of that slow start and the debut of Star Wars: Galaxy's Edge at Disneyland, Knott's once again is on pace to deliver its best year ever."

"Meanwhile, we begun multiyear renovation projects on 3 of our resort properties, including last week at Cedar Point's indoor water park Castaway Bay; the Knott's Hotel at Knott's Berry Farm; and the recently acquired Sawmill Creek Resort near Cedar Point. Once fully renovated, we will have established a new level of quality and guest experience at these resort properties, which collectively represent more than 1/3 of our current room inventory."

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Knott's News: So attendance is up at Knott's despite Galaxy's Edge, new initiative implementing targeted advertising at Knott's, investing heavily in Knott's with hotel renovation, 100th anniversary celebration and new Knott's Bear-y Tales: Return to the Fair dark ride. Cedar Fair is very happy with Knott's.