Current quarter has started on a weak note due to excessive rainfall in Southern India, says Arun K Chittilappilly, MD, Wonderla Holiday. Chittilappilly says rains in south India have affected footfalls in the first half of Q3. However, he expects this marginal downfall to recover in the second half of Q3.
Q3 of the current fiscal has started off on a slightly weak note because we have had excessive rains in the south and that is not good for footfalls in public places like amusement park, so we have seen a bit of dip in our footfalls but that is completely related to the cyclone and inclement weather we have been having.
Arun Chittilappilly is hopeful that Christmas and the remaining festival seasons and New Year etc should go as planned and improve footfalls. If that happens we should still complete this year with 15-20 percent growth in our top line for full year basis and that is what we have been projecting. However, on top of that our Hyderabad project is progressing very well. We hope to open it to public by end of April '16.
Company’s per cap spends have been good, in fact our per cap spends, non-ticket revenues have grown at a much higher pace close to 35-40 percent. So that is showing a healthy sign but because the footfalls have not grown, it is showing. So for us in our industry everything is linked to footfalls even if you matrix per person spends are not showing any decline. Ultimately revenue depends on footfall, so it is hard to make a comment on that right now, but as of now it is not showing growth. It kind of slightly declined our footfalls if you look at our last quarter but it could still make up because we still have a month-and-a-half to go.