Raise prices, but decrease output of new attractions/ coasters? What would be the incentive to go? Disney and CF don't operate like this. They have high prices but elite attractions as well. How will you attract new consumers with the same old product but more money? What an idiotic thought process!
Shorter lines attracts season pass holders, they’re also investing more into things other than rides, particularly food at a lot of parks as well as theming
@@coasterking836 I appreciate your thread, but I go for the rides. If I wanted out of this world theming; there's Disney. As far as food goes : who goes to an amusement park for fine dining and gourmet food? Well I guess you're right and the new CEO, wants to change the entire model and attract a new market. SFGA is my home park and I find myself getting bored without an elite coaster, and no new ones on the horizon with the new projected outlook/financial plan., Something has to give and nothing remains the same. On an end note: There was a shooting in the parking lot @SFGA recently ( I avoid weekends due to such happenings), and last season there was a brawl brought on by teenagers.....so I do get some of his points! I'm hoping for the best.
@@coasterking836 that doesn't pan out when he fires too much staff to save money. Now we're get slower ride ops and single train operations. I end up waiting more time with less people at the park. I don't buy their lies that guest are actually happier now paying more for less perks.
@@Johnnyiswhere seeing how ride ops and staff are worse then before I think it's safe to assume he is firing the good employees because they get paid more. Keeping cheap help while upcharging the guest
Spending is up because prices have increased as well as eliminating Dinning plan. I live near SFGADV, Hershey, and Dorney. Hershey and Dorney are seeing record increases. Six Flags cannot have the price points of Universal or Disney but do NOT add the same quality of food or entertainment and ride variety.
Not to mention the mass amount of violence breaking out at SFA, SFGA, etc. And, though I see your argument, the majority of good people are having financial hardships with the inflation rate. If people CAN afford higher prices, they're not going to op for Six Flags when better parks like Universal, Disney, and Cedar exist. Saleem has doomed Six Flags.
Yep, I agree they’re in trouble. I was mainly just refuting the idea that other enthusiasts had that the CEO was trying to tank the parks on purpose lol. I hate the idea of eliminating the dining plan. They just need to spend money to revamp their food, entertainment but the problem is they have no money and they can’t take on more debt
@@coasterking836 Agree again. The down side, since I was a Diamond Elite member for 5 years until me cancelling me and my Families memberships, that for Great Adventure, the higher spending is on the larger amount of venues servicing alcoholic drinks. Not really family friendly. People smoking/vaping cannibus oils and cigarettes outside of designated areas..... recipe for disaster.
@@coasterking836 reminds me of eddie lampart not giving a crap of 2 old retailers and is selling assets to companys he own which means selling stuff for his own greed
I think also what you didn’t speak of was the open letter to the CEO from the employees. They’ve had it with this guy. I understand what you’ve said about the CEO following his plan. I was at SFA today, and the prices have been raised…in fact my membership is about to expire, this causing me to pay far more than what I previously paid. An online ticket after fees is topping $70(and this was traditionally one of the cheaper parks) so it’s easier for some to buy a season pass for $30 more(which is twice the price it was in 2019)…but what are you getting? Shorter hours, sections of the park closed, 1/2 of the waterpark closed, etc….no wonder these parks are almost empty. It’s worth paying to go to a CF park to get far more opportunities of enjoyment. I think we all agree that the CEO needs to fix things and his approach, including the debt problem, but if you don’t add things to the park NOBODY will come. Herein lies the catch 22
Good to see some TH-camrs not losing their mind over this! Either this is just a bump on the road and things will improve, or they won't. After speaking with different people, it seems like park experience has indeed improved. We just have to see where Six Flags is at once the dust clears.
The new CEO is clueless about running an amusement park. Luckingly, I live in San Antonio, so if he runs SFFT into the ground, I'll just go down the road to Sea World - San Antonio. Actually they should make SFFT Park president Jeffrey Seibert the new SF CEO. He has SFFT running like a well oiled machine.
Your numbers are sound, but the issue is how they built their brand. They’re a discount chain. If they want to play with Cedar Fair and Disney, then they need to up the quality way more. They’re not doing that. You can’t drain the park attendance but leave everything the same. They will fail once folks like me leave or lose their membership. This video stinks of denial.
As a CF non pass holder I paid about $100 per day at two parks this year. With my SF membership I'll round up $100 per year, and each day in park spend between $10 and $30. I'm no math whiz but I've done about 7 park visits, so you're onto something here. But alas I'm an old teenager like spender hahaha! Really the in park spend was the same between the two chains for me alone, but thats subtracting the ticket + parking at CF and same with hershey.
Ok so here is my whole take on this entire situation about the ceo, first off I understand your in the business to make money, your trying to compete with other chains, I know a average joe like me can’t run a theme park chain cause it takes a lot of knowledge and guts and willingness to do some stuff to make the company be successful. I understand that all, honestly I feel for him to not wanting to read a 300 page report. Now here comes my long rant or thoughts or compassion, I see and understand that yes we are a budget parks and you want to be a Disney or universal park and make tons of money, I understand that some of the crowds that six flags attracts isn’t the greatest, not all are bad apples but yes some rotten ones ruin it for others. Everyone has validated points but I see it like this, fine take away the food and make prices high, but if you do that make sure you have that type of product that looks expensive, I’m sorry but some parks don’t look like that. And those comments he made just upset me so much, I understand it’s business but if other CEO’s said something like that they would be fired on the spot or relieved of their duties immediately. I mean if Burger King or McDonald’s said something like that that ceo would be gone out of office. That’s what upsets me the most about everything that is going on.
Yes, that was an insane statement by him, although honestly not being that wrong. I think he’s moving in the right direction with higher prices, appealing to new markets, we’ll see how it works for him
You're upset with him being honest? So what, he needs to be honest, everyone else has said it as well, now the CEO says it and its bad? No. The main thing is he moved to fast raising prices, and taking stuff away that still needed to be an option. Taking away chairs from people that stand in 1 spot all day is not good and needs to let the workers at the gate sit down.
It's hard for me to take this video seriously when you show attendance numbers of 477M, 460M, and 435M. That's not attendance numbers, that's total revenue numbers in $. Each park may get 2M guests per year. I believe it was 8.1M for 2021 and 6.7M for 2022. Something like that. Six Flags CEO is not making good decisions or choices. Frankly, I don't even know how he got the job to begin with. He seems clueless on the phone call.
Raise prices, but decrease output of new attractions/ coasters? What would be the incentive to go? Disney and CF don't operate like this. They have high prices but elite attractions as well. How will you attract new consumers with the same old product but more money? What an idiotic thought process!
Shorter lines attracts season pass holders, they’re also investing more into things other than rides, particularly food at a lot of parks as well as theming
@@coasterking836 I appreciate your thread, but I go for the rides. If I wanted out of this world theming; there's Disney. As far as food goes : who goes to an amusement park for fine dining and gourmet food? Well I guess you're right and the new CEO, wants to change the entire model and attract a new market. SFGA is my home park and I find myself getting bored without an elite coaster, and no new ones on the horizon with the new projected outlook/financial plan., Something has to give and nothing remains the same. On an end note: There was a shooting in the parking lot @SFGA recently ( I avoid weekends due to such happenings), and last season there was a brawl brought on by teenagers.....so I do get some of his points! I'm hoping for the best.
Higher Prices=Lower Attendance=Shorter hours and Staff=One train Ops and Ride Closer=Frustrated guest and employees.....see where this is going???
His idea is that lower attendance = less lines = happier guests
@@coasterking836 that doesn't pan out when he fires too much staff to save money. Now we're get slower ride ops and single train operations. I end up waiting more time with less people at the park. I don't buy their lies that guest are actually happier now paying more for less perks.
@@coasterking836 Buy a Flash Pass or better yet....use single rider line ( works every time for me ).
@@1abrebel what if he's firing lousy employees that aren't doing their job?
@@Johnnyiswhere seeing how ride ops and staff are worse then before I think it's safe to assume he is firing the good employees because they get paid more. Keeping cheap help while upcharging the guest
Spending is up because prices have increased as well as eliminating Dinning plan. I live near SFGADV, Hershey, and Dorney. Hershey and Dorney are seeing record increases. Six Flags cannot have the price points of Universal or Disney but do NOT add the same quality of food or entertainment and ride variety.
Not to mention the mass amount of violence breaking out at SFA, SFGA, etc. And, though I see your argument, the majority of good people are having financial hardships with the inflation rate. If people CAN afford higher prices, they're not going to op for Six Flags when better parks like Universal, Disney, and Cedar exist. Saleem has doomed Six Flags.
Yep, I agree they’re in trouble. I was mainly just refuting the idea that other enthusiasts had that the CEO was trying to tank the parks on purpose lol. I hate the idea of eliminating the dining plan. They just need to spend money to revamp their food, entertainment but the problem is they have no money and they can’t take on more debt
@@coasterking836 Agree again. The down side, since I was a Diamond Elite member for 5 years until me cancelling me and my Families memberships, that for Great Adventure, the higher spending is on the larger amount of venues servicing alcoholic drinks. Not really family friendly. People smoking/vaping cannibus oils and cigarettes outside of designated areas..... recipe for disaster.
@@coasterking836 reminds me of eddie lampart not giving a crap of 2 old retailers and is selling assets to companys he own which means selling stuff for his own greed
I think also what you didn’t speak of was the open letter to the CEO from the employees. They’ve had it with this guy.
I understand what you’ve said about the CEO following his plan. I was at SFA today, and the prices have been raised…in fact my membership is about to expire, this causing me to pay far more than what I previously paid. An online ticket after fees is topping $70(and this was traditionally one of the cheaper parks) so it’s easier for some to buy a season pass for $30 more(which is twice the price it was in 2019)…but what are you getting? Shorter hours, sections of the park closed, 1/2 of the waterpark closed, etc….no wonder these parks are almost empty. It’s worth paying to go to a CF park to get far more opportunities of enjoyment. I think we all agree that the CEO needs to fix things and his approach, including the debt problem, but if you don’t add things to the park NOBODY will come. Herein lies the catch 22
Good to see some TH-camrs not losing their mind over this! Either this is just a bump on the road and things will improve, or they won't. After speaking with different people, it seems like park experience has indeed improved. We just have to see where Six Flags is at once the dust clears.
The new CEO is clueless about running an amusement park. Luckingly, I live in San Antonio, so if he runs SFFT into the ground, I'll just go down the road to Sea World - San Antonio. Actually they should make SFFT Park president Jeffrey Seibert the new SF CEO. He has SFFT running like a well oiled machine.
Again, sorry for the poor audio and video quality. Currently In a SFGAM hotel, lol
Your numbers are sound, but the issue is how they built their brand. They’re a discount chain. If they want to play with Cedar Fair and Disney, then they need to up the quality way more. They’re not doing that. You can’t drain the park attendance but leave everything the same. They will fail once folks like me leave or lose their membership. This video stinks of denial.
As a CF non pass holder I paid about $100 per day at two parks this year. With my SF membership I'll round up $100 per year, and each day in park spend between $10 and $30. I'm no math whiz but I've done about 7 park visits, so you're onto something here. But alas I'm an old teenager like spender hahaha! Really the in park spend was the same between the two chains for me alone, but thats subtracting the ticket + parking at CF and same with hershey.
I think SF wants to have their food and entertainment on par with CF and Hershey, not sure they’re there yet
Ok so here is my whole take on this entire situation about the ceo, first off I understand your in the business to make money, your trying to compete with other chains, I know a average joe like me can’t run a theme park chain cause it takes a lot of knowledge and guts and willingness to do some stuff to make the company be successful. I understand that all, honestly I feel for him to not wanting to read a 300 page report.
Now here comes my long rant or thoughts or compassion, I see and understand that yes we are a budget parks and you want to be a Disney or universal park and make tons of money, I understand that some of the crowds that six flags attracts isn’t the greatest, not all are bad apples but yes some rotten ones ruin it for others. Everyone has validated points but I see it like this, fine take away the food and make prices high, but if you do that make sure you have that type of product that looks expensive, I’m sorry but some parks don’t look like that. And those comments he made just upset me so much, I understand it’s business but if other CEO’s said something like that they would be fired on the spot or relieved of their duties immediately. I mean if Burger King or McDonald’s said something like that that ceo would be gone out of office. That’s what upsets me the most about everything that is going on.
Yes, that was an insane statement by him, although honestly not being that wrong. I think he’s moving in the right direction with higher prices, appealing to new markets, we’ll see how it works for him
You're upset with him being honest? So what, he needs to be honest, everyone else has said it as well, now the CEO says it and its bad? No. The main thing is he moved to fast raising prices, and taking stuff away that still needed to be an option. Taking away chairs from people that stand in 1 spot all day is not good and needs to let the workers at the gate sit down.
I like the fresh take!
It's hard for me to take this video seriously when you show attendance numbers of 477M, 460M, and 435M. That's not attendance numbers, that's total revenue numbers in $. Each park may get 2M guests per year. I believe it was 8.1M for 2021 and 6.7M for 2022. Something like that. Six Flags CEO is not making good decisions or choices. Frankly, I don't even know how he got the job to begin with. He seems clueless on the phone call.
look at sf stock