While studying Wonderla, I had the same same concerns on the competion aspect – why not a global player like Disney cannot setup a park in India. Have read that it is not viable for Disney to setup a park in India in near future due to the premium it demands. So cannot expect this competition coming in this decade.
Had visited Wonderla, Kochi in Jan, 2023. Their services are good and there is the impact of revenge tourism accelerating the revenue this year. Recently one of my colleagues visited Bangalore wonderla and he told me that the prices have further increased and there is still crowd. I would anticipate the Q1 results should also be great, considering summer holidays and school vacation.
Disclaimer:
Invested, biased. Momemtum pick. Will hold until the narrative is rosy. Im a novice in equity investing. Do not do deep financial analysis. Got convinced with the improving metrics like footfalls and avg revenue per footfall and capex on new parks. Management also seemed to be good (sources: Interview videos, concall transcripts, Qtryly reports). Tries to follow peter lynch’s principles.
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