I mean, irregardless of whether or not the rest of Europe follows, this is fantastic news for the German industry!
Germany is a federal republic. Actually Guido Wolf is the Minister for Justice and for Europe in Baden-Württemberg. So he can't speak for Germany in any way but only for his federal state. Actually this would affect Europa-Park and Tripsdrill. Europa-Park claims to be closed indefinitely and Tripsdrill actually uses the 3rd may. But they might be able to open up their wildlife park sooner than the theme park. I doubt we'll see parks open that soon.
If you do a keyword search of "2025" in this thread, you've been the only one saying it.
The only actual discussion I've spotted beyond 2021 is a simple notion of attendance slumps - pragmatically speaking, amusement parks will imaginatively reopen on schedule next year, baring any major outbreak/next waves of Covid. I just haven't seen any real discussion on this being a prolonged, multi-year impact, especially as relates to investor news. (Who are the most specific group that follow medium/long term outlooks)I was wondering how many positions this Wolf guy had after reading the Loopings article which matches what you said.
I think most of the restrictions are on a federal level. So he'd be in charge of lifting the restrictions in Baden-Württemberg. But the federal states try to synchronize some steps. When masks masks became mandatory there were some states that put the rule in place a bit sooner but in the end all the other states followed.
To be honest I think it's more likely that Baden-Würrtemberg will have to rethink their schedule.
Ah right; thanks for the clarification @Hyde! What you've said is kind of the lines I've been thinking along, as most places I look at seem to suggest the impact only really lasting to a major extent while lockdowns are in place, but on other forums I'm on, I was told to expect "no big investments for at least 5 years, probably more like 10". My way of thinking is; surely the parks will recover to an extent once money begins flowing in again?If you do a keyword search of "2025" in this thread, you've been the only one saying it.
I also think you're accidentally conflating numbers and statistics - Cedar Fair, for instance, is cutting ~50% of non-essential capital projects for the 2020-2021 operating seasons; a couple quick notes of this announcement:
- "Operating Seasons" - Cedar Fair has used the term "operating seasons" in the past to allude to Knott's operating year-round, using an April-to-April calendar. So the cut, imaginatively, would apply to this year's season alone, as the 2021 season would be the 2021-2022 operating season.
- Roller Coasters are, most likely, essential projects - "non-essential" projects would most likely relate to TLC-style work, such as improving facades of shops, repaving of pathways, and other mending projects around the parks. We know the park is still planning to spend $85-$100M on projects; and new rides would certainly be a wise investment to ensure guests have new attractions to draw them back to the parks.
The wooden shuttle coaster plans were just removed from public view, that’s all. ?
Ah right; so they might still be on the table for 2021, but Cedar Fair got conscious of the fact that people were cottoning on to what they were putting in at Dorney, so removed the plans? Or something along those lines?
It just turns out amusement parks don't like it when you get to see their secret plans.
Depending on the county and city permit departments, they usually have steps in place to remove schematic drawings from permit filings from public view, especially if they are deemed a "trade secret." Developers often use this with their building permits to not tip off competitors to exact layouts/floorplans of new builds. So, what probably came to pass, was Cedar Fair doubled back on the permit to clarify what can be shown in the public filing.
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