The new monster of the midway
Article Abstract:
Premier Parks Inc. has become the world's second largest theme park operator in the world after buying the Six Flags theme parks from Time-Warner and buying a 49.9% stake in European theme park operator Walibi S.A. The company is dwarfed by the operations of the Walt Disney Co. and its operations have a different niche, relying on regional parks operating on a seasonal basis with large numbers of repeat customers. The company is considering further acquisitions, although it is currently consolidating its most recent buys.
Comment:
Premier Parks has grown rapidly by focusing on theme park business
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Carlson and Thomas Cook to merge leisure travel in Britain
Article Abstract:
The huge global travel operations of Thomas Cook will be merged with the worldwide network of hotels, restaurants and cruise ships owned by the Carlson Companies in a deal that has been valued at over $1 billion. Industry analysts have said that the new company, which will include 800 UK-based travel agencies and three charter airlines and have annual revenues of about $42.5 billion, is the result of several months of negotiations. Financial terms of the proposed merger have not been disclosed.
Comment:
Will be merged with the global travel operations of Thomas Cook in a deal that has been valued at over $1 bil
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Not just leaving the light on; Motel 6 is still a cheap sleep, but with new strategies
Article Abstract:
Motel 6 has been using its "We'll leave the light on for you" line since 1986 and has made very few changes in any area, keeping its rooms bare-bones and low-priced. The Dallas-based chain is now selling franchises for the first time in its history and is considering entering the extended-stay arena for budget-minded business travelers who need a week or more in a given area away from home.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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