2020 Led To Sharp Drops For Cedar Point - But Things Could Be Looking Up

During the COVID-19 pandemic, the company that owns Cedar Point saw a 90% plunge in attendance in its parks and a revenue drop of more than half a billion dollars.

That’s according to year-end results released Wednesday (February 17).

But Cedar Fair officials are hopeful that this year, things are looking up.

“We are optimistic that levels of attendance at our parks and resort properties will significantly improve in 2021, particularly as COVID-19 vaccines become broadly available over the next few months,” Cedar Fair President and CEO Richard Zimmerman said in a statement. “In anticipation of improving demand, we are poised to resume normal operations, particularly during our seasonally stronger back half of the year.”

Cedar Point, Kings Island and other Cedar Fairs parks are slated to open in May, cleveland.com reported Wednesday. Cedar Point will celebrate its 150th anniversary, delayed because of the pandemic last year.

Cedar Point, a summer staple for many Ohioans and others, is home to 71 rides, five hotels and more, according to the park.

“Although we cannot predict how quickly attendance will reach the record levels achieved pre-pandemic, we remain optimistic in the company’s prospects for growth and value creation in the second half of 2021 and long-term,” Zimmerman said.

Photo: Getty Images