Dreamworld is likely to reopen in August, ahead of the September school holidays, but the troubled theme park will only return to its pre-COVID 2019 visitor numbers of 1.5 million by 2024, Citi analyst Sam Teeger said as he maintained his "Buy" recommendation for parent Ardent Leisure.
ASX-listed Ardent will also only see a return to pre-pandemic sales density of $US7 million ($10.8 million) per centre at its US-based Main Event Entertainment division in the same year, due to lingering concerns about going out as well as weakened consumer and corporate spending, Mr Teeger said.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
