Steering things back onto the topic of the thread (sorry, moderators… I never realised which thread I was posting in), I think that an interesting indicator of whether the park is on the up for the long term or not could be whether the large scale CAPEX continues past Project Horizon in 2025.
I say this because it could be argued that the upcoming 3 year period has parallels with two previous 3 year periods in the park’s history; 1992-1994 and 2008-2010. These periods both had sustained CAPEX investment following a change in hands or some form of corporate restructure in a similar vein to what we are seeing now. It’s coming a little later in this instance, but I’d wager that that is at least in part due to COVID-19, which the prior eras did not have to contend with.
The combined CAPEX between 2023 and 2025, adjusting for inflation, will be probably similar to what it was between 1992 and 1994, and perhaps a little higher than between 2008 and 2010.
The reason I reference these two previous periods, however, is because the 90s are widely perceived by those who were there as the “golden era” of Alton Towers, and the sustained CAPEX of 1992-1994 had a large role in kickstarting that. The sustained CAPEX of 2008-2010, on the other hand, is widely perceived to have been a false dawn, with things often described as having gone downhill from 2011 onwards. My point is that I think the trend past 2025 could be indicative of the long term direction of the park. If the years from 2026 onwards are more great years, then the park could be on the up for the long term. If not, then 2023-2025 could have been a false dawn.