"other amusement parks have actually increased their numbers recently."
Since the drop in attendance at the cedar fair parks was due to the weather, lets revisit those numbers from last year - it is about the best thing we have to work with.
Attendance at the 50 most-visited theme parks in North America in 2002 was down by 3.2 million visits to 170 million. So overall, attendance at all parks was down by 1.9% in 2002 compared to 2001.
Last year, overall at wdw, attendance was down 6%; this ranged as high as 8.3% at Epcot. So some percent of the variance is accounted for by individual differences in the parks - there were more people deciding not to visit epcot than to visit magic kingdom, at least for some portion of the visit.
Overall, international visits at Walt Disney World were down by about 20 percent in 2002. This was reported as high as 35% in the first quarter, then recovered somewhat. International traffic at Orlando International Airport was down almost 25 percent for the year in 2002. Now this accounts for a lot of the drop of wdw attendance. Remember, wdw has a lot more international visiters than does a local six flag park. So surely this drop in international visiters accounts for a large portion of the variance - in fact, it seems to me that local attendence may actually be up, due to special offers, etc. I don't have those data. It occurs to me, though, that local visiters might be more likely to spend a day at MK than a day at epcot, unlike an international visiter who might stay a week or two and visit them all.
The Magic Kingdom dropped about 5 percent in attendence - you can see this is quite a bit less than Epcot. Despite that drop, the Magic Kingdom in Florida was the best-attended park in the world in 2002 with 14 million visitors, displacing Tokyo
Disneyland, the perennial winner. Yes, the opening of Tokyo Disneysea drew down the attendance at Tokyo Disneyland.
After the WDW Magic Kingdom, the top-five best-attended parks in North America in 2002 were Disneyland in Anaheim, Calif., with 12.7 million visitors, up 3 percent; Epcot with 8.2 million visitors; Disney-MGM with 8 million visitors; and Disney's Animal Kingdom with 7.3 million visitors.
So Disneyland actually went up. That didn't help California Adventure, though, so again, clearly some of the variance is due to individual differences between the parks. California Adventure dropped from 5.0 million in 2001 to 4.7 million in 2002. California Adventure is suffering. That 2001 number is probably inflated at the first of the year by new visiters seeing something new, but it is deflated the last part by 9/11.
Now, about those other parks seeing increased attendence. The thinking is that people are more willing to take a short drive to a regional park, rather than flying to a destination (for example, visits to Hawaii have been down the past two years, especially among international visiters).
Of those 50 top parks in America, 29 of them showed an attendance drop in 2002. 15 parks showed increases. So it isn't exactly overwhelming.
Schlitterbahn, a water park in Texas, is often regarded as the nation's top water park. It had an estimated attendance of 810,000 guests in 2002, a 14 percent decline from the prior year. Amusement Business said it was the first time in 23 seasons that Schlitterbahn posted a decline. (Just fwiw, 2002 Blizzard Beach = 1.7 million, Typhon Lagoon = 1.5 million, wet n wild = 1.2 million).
In 2002, Six Flags total attendance dropped from 51.2 million the previous year. By the way, 6 flags hasn't shown a profit since 1998. I think that some of the six flags parks showed increases, I know that the Texas parks and the Great Adventure park in New Jersey showed decreases.
Universal Studios Fl. attendence is reported as 8.1 million in 2000, 7.3 in 2001, and 6.9 in 2002. And it isn't just cannibalization of islands of adventure bringing down USF. In 2000, and I think this was a partial year, correct me, Islands of Adventure attendence was 6.0 million. This dropped to 5.5 million in 2001, then actually rose to 6.1 million in 2002. So Islands of Adventure was one of the 15 U.S. parks that showed increase, in fact it even increased over its 2000 numbers! Amazing success, right? Again, I think 2000 was a partial year for them. At the least, it was a new place then with little awareness. Look at the total attendence at Universal Studios Resort Florida - 2000 = 14.1 million, 2001 = 12.8 million, and 2002 = 13 million. So with all those $99 annual passes, and ticket specials in coke cans and publex, the attendance at USF went up 200,000 over the year. And this was with a second park that was maturing in terms of public knowledge.
In California, Univeral Studios went from 5.2 million in 2000, down to 4.7 million in 2001, and back to 5.2 million in 2002. Much like Disneyland, I expect that Universal Studios Hollywood benefits from much local traffic. So, along with Disneyland, USH was one of the 15 parks to increase attendance. So now we have identified 3 of them. Both of the Universal Studios locations should be poised to show a proportionally higher attendance this year with the addition of new attractions.
Seaworld in Orlando dropped from 5.2 million in 2000, to 5.1 million in 2001, to 5.0 million in 2002. Not much of a drop, but a steady decline. Seaworld also benefits as a largely local park. Sea World in San Diego saw a slight increase, now we have four. Sea World in Texas saw a decrease.
In Tampa, Bush Gardens dropped from 5.0 million in 2000, to 4.6 in 2001, to 4.5 million in 2002. Again, a park that draws a lot of locals. I do not believe that anyone is going to argue that the drop is due to Animal Kingdom, since it opened in 1998.
Knotts Berry Farm attendance was flat. Attendance there went from 3.5 million in 2000 to 3.6 million in 2001, then maintained at 3.6 million in 2002.
It looks to me like Las Vegas is one of the places that is doing well. The Adventuredome at Circus Circus (I've never been to Las Vegas, so I don't really even know what that is) went from 3.0 million in 2000, to 3.4 million in 2001, to 4.5 million in 2002. Again, I don't know anything about this place - is it new or did they add something new or something to account for that growth? Or is there that much increased traffic to Las Vegas?
This article says that people are choosing to drive to Las Vegas
http://www.dailybulletin.com/Stories/0,1413,203~21482~1493360,00.html
Here is another interesting article about Las Vegas - it says that 35% of the respondents in a survey (looks like a convenience sample) said they would vacation closer to home in 2003, and 20% would take vacation at home.
This article says that the casinos are not expected to outperform 2002, due to the economy and reduced tourism due to SARS
http://www.lasvegassun.com/sunbin/stories/gaming/2003/jun/19/515239250.html
Anyway, I am not sure about Las Vegas, but the rest of the data seems to me to suggest that the biggest drop is due to international travel. Beyond that, there are disproportionate drops in attendance at the wdw parks that are clearly due to individual differences in the parks - more people attended the Magic Kingdom than Epcot, for example. But that isn't very surprisng to me, really, is it to anyone else? It seems that the 2000 attendance at Epcot would have been artificially high with the millinium stuff.
Here's another way of looking at it. Magic Kingdom wdw dropped 3% from 2000-2001, and 5% from 2001-2002.
Epcot dropped 15% from 2000-2001, almost 8% (7.7) from 2001-2002.
Studios dropped 9% from 2000-2001, 4.7% from 2001-2002.
Animal Kingdom dropped 6% from 2000-2001, 6% from 2001-2002.
Universal Studios Florida dropped 10% from 2000-2001, 5.5% from 2001-2002.
Islands of Adventure dropped ~8% from 2000-2001, and ROSE ~10% from 2001-2002.
Anyway, just 2 cents.