The presentation was a much welcome departure from the way Kinzel conducted such things. Ouimet knows what he is doing, for sure.
A few other highlights:
- In just a half season at Kings Island, Fast Lane generated nearly $1 million. Ouimet did mention that it is meant to be implemented to not disrupt the experience for those who did not purchase it.
- They have set a 5-year capital plan, that includes about 9% of earnings each year. 9% will also go toward maintenance. It was said that there are plans for new attractions at Great America.
- Ouimet mentioned that in the future, he hopes for and would consider a plan for season passes that includes a month to month payment plan.
- Woodstock and Franklin characters are being introduced in 2012.
- As stated above, there will be a renewed focus on better quality food and resorts. Ouimet said he differs from Kinzel in that area and that quality food is part of the overall experience.
- Cedar Point is still the flagship, and the corporate headquarters will remain in Sandusky. There will be a brand new night show called "Luminosity - Ignite the Night" that will premiere at the park and eventually roll out to other parks. The way it was described sounded like a much better upgrade from the "Hot Summer Lights" shows at CP, with more lights, projectiobs, and fireworks, similar to Canada's Wonderland's Starlight Spectacualr.
- Ouimet made the comment that he "will not be the manager Dick Kinzel was." He continued by saying Richard Zimmerman (COO) would take on such responsibilities and that he has faith in his management team. Basically, he won't micromanage the way Dick did.
- During the Q&A, it was asked if Ouimet planned to implement "Disney touches" on the parks. He answered by saying he wants to create better quality experiences, inspired by Disney, but made it known that they aren't Disney.
- Included in the presentation was a graph showing the revenue, margins, and attendance of each park. This is something that was never done publicly under Kinzel. Several attendees complimented the detailed and transparent presentation. If only I could get my hands on the report, I'd like to see the breakdown by park.