furie said:
There is no cycle. Honestly, there isn't.
Yes there is, I'm sure Thorpes MTDP introduced it.
It started after the 2002 season when colossus, air and the new vampire were built. Vampire ran over budget when Vekoma went bankrupt.
In 2005 Tussauds was sold to DIC. Prior to this, Tussauds spent two-three years investing in their parks to increase their asset value and to increase gate figures to inflate the value. This is why there was relatively high spending at the Tussauds parks in 2003/4/5 and badly made choices like Spinball and Rita - they were rushed in low budget (or as low as they could get away with).
Blame the alton's park management for that. Thorpe and Chessington were building rides like dragons fury and inferno. Stealth was already chosen to be an intamin rocket coaster and early planning had started on saw by 2004.
In 2007 Tussauds was taken over by Merlin, until then Legoland and the Tussauds parks had been rivals, so the investment in Legoland doesn't work with the investment "cycle" at the other parks.
Before 2007 Alton's cycle was on the year before Thorpe's, when Merlin took over it was moved to the year after.
After Merlin took over the cycle broke down slightly(I'll admit that) and the two medium investment years since then have been questionable. This could be due to the credit crunch as prices on flat rides have increased dramatically over the past few years.
Each park is also self-contained in terms of investment and relies on individual gate figures, spends, profits, projected gate figures, etc, etc, etc and Merlin's investment won't have started to hit the parks until 2008 at the earliest, so we've only seen four years of actual Merlin investment so far. As the group was sold, investment would have changed as the desires of the share holders changed and the individual reliance of each park on their own funding justification would have also altered.
I think you're wrong here.
Merlin sets the investment budgets for each park and has final say on what the parks install.
The parks have free choice over what they install with the exception of the above.
It is definitely not self contained as Thorpe and Alton get similar ride budgets but have very different gate figures, also legoland gets the same gate figures as Thorpe but no where near the amount of investment.
It's far more complicated than small/medium/large. It's simply "what can we afford to do in the next few years and what works out best for the budget and what depends on attained projections".
The cycle is their ideal investment plan, they do mix it up a little like in 2008 and 2010, but the basics have been there since 2002 and in Thorpes case have been almost unchanged.
Now to the argument of is next year a small or medium year, it is certainly a small investment year because Thorpe have always had a small investment year after a large investment year going back all the way to the parks opening.(with the exception of 2002-3)
Also we haven't had a proper medium investment year since 2005.