Cedar Point's CEO expects good summer

May 8, 2008

MLive.com

SANDUSKY, Ohio-- Amusement parks and water parks aren't likely to see a drop off in visitors this summer despite surging gas prices and the struggling economy, the head of North America's third-largest park operator says.

Families and teens still will come to ride roller coasters and gobble up funnel cakes and corn dogs, but they'll probably spend less on games and souvenirs, said Richard Kinzel, chief executive of Cedar Fair Entertainment Co.

"It's always been sort of recession resistant," Kinzel said Wednesday. "That's what we're hoping for and that's what usually has happened in the past."

Cedar Fair operates 11 U.S. amusement parks, including Cedar Point in Sandusky and Kings Island near Cincinnati, and six outdoor water parks, as well as Canada's Wonderland amusement park near Toronto. It operates Michigan's Adventure in Muskegon, Mich.

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