Australia-based Ardent Leisure Group has experienced a drop in visitation and revenues due to an increase in total rainfall, according to a recent trading update.
During the combined months of March and April 2017, Ardent’s theme park visitation was down 36.7 per cent and unaudited revenues were AUD$9.6m, down 38.9 per cent against the prior corresponding period.
The Gold Coast, a city in Australia’s state of Queensland, experienced a significant increase in total rainfall during the month of March, particularly on weekend days. In addition, a cyclone that hit the East Coast in late March caused flooding and damage, leading to a number of customers cancelling or deferring travel plans.
