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Wonderla Holidays held a conference call on 30 July 2024 to discuss the results for the quarter ended June 2024 and way forward. Mr. Arun Chittilappilly, Managing Director and Mr. Saji K Louiz, Chief Financial Officer of the company addressed the call.
Highlights of the Concall
- The company has commenced operations of 4th amusement park at Bhubaneshwar, Odisha. This remarkable new destination stands over 50 acres. New Bhubaneswar Park saw a footfall of about 70,000. ARPU (average revenue per user) was around Rs 1300. The company expect that it will take about a 1-1.5 years to stabilize the new park.
- The company is expecting footfalls of roughly about 4.5 lakhs for the first year for Bhubaneshwar park and it should grow in double digits for the first 2-3 years. It expect to get to about 7-8 lakh visitors in about 4-5 years
- ARPU in Q1 FY25 stood at Rs. 1,680, an increase of 3% YoY. Recorded SPH (spend per head) of Rs. 442 in Q1 FY25, a...
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