Dreamworld on the economic ride of its life - New Ride
Posted: Thu Jul 05, 2007 7:32 pm
Dreamworld on the economic ride of its life
By Melissa Maugeri
July 05, 2007 06:00am
The Daily Telegraph
MACQUARIE Leisure Trust Group's Dreamworld is preparing to launch a new style of "coaster" ride and hopes to have it ready in time for the September school holidays.
The theme park's owner has been working with an overseas manufacturer to develop a new ride which appeals to a wide age group.
Dreamworld and its neighbouring park WhiteWater World were yesterday revalued up 22 per cent to $350 million on the back of improved visitor numbers.
Group chief executive Greg Shaw said the significant gain reflected the strength of the underlying businesses and their positioning in the market.
Strong population growth had boosted the parks' performance, with about 80 per cent of customers from the domestic market.
Final details of the new ride are being kept secret but tracks for the ride are visible in the park.
Dreamworld CEO Stephen Gregg said the new ride was innovative and would have wide appeal.
By Melissa Maugeri
July 05, 2007 06:00am
The Daily Telegraph
MACQUARIE Leisure Trust Group's Dreamworld is preparing to launch a new style of "coaster" ride and hopes to have it ready in time for the September school holidays.
The theme park's owner has been working with an overseas manufacturer to develop a new ride which appeals to a wide age group.
Dreamworld and its neighbouring park WhiteWater World were yesterday revalued up 22 per cent to $350 million on the back of improved visitor numbers.
Group chief executive Greg Shaw said the significant gain reflected the strength of the underlying businesses and their positioning in the market.
Strong population growth had boosted the parks' performance, with about 80 per cent of customers from the domestic market.
Final details of the new ride are being kept secret but tracks for the ride are visible in the park.
Dreamworld CEO Stephen Gregg said the new ride was innovative and would have wide appeal.