IT job cuts, delayed exams lead to dip in Wonderla amusement park footfall

As part of its expansion plans, the company is planning to invest around Rs 350 crore in Chennai

Wonderla Holidays Ltd, an amusement park with a presence in Bengaluru, Kochi and Hyderabad, has said the challenges in the IT industry, among other factors, has hit its footfall in the quarter ended March 2017. The company, listed on the exchanges, said it is also looking at increasing the price of the tickets or passes due to the expected changes in Goods and Services Tax (GST).

The company has seen flat footfalls at its park in Kochi and 13 per cent decline in its Bengaluru park. This is primarily due to weak consumer sentiment, due to the whole challenges in