Declining Revenue TrendSustained top-line decline erodes scale benefits and bargaining power with suppliers or partners. If not reversed, shrinking visitor receipts compress absolute margins, increase per-unit overhead burdens, and limit reinvestment capacity for marketing or asset upkeep.
Negative Operating And Net ProfitabilityPersistent negative EBIT and net income indicate structural operating shortfalls beyond cyclical dips. Without durable margin recovery or cost restructuring, losses will drain reserves, constrain capital allocation, and hamper ability to invest in experiences that drive long-term visitation.
High Leverage On The Balance SheetMaterial leverage raises refinancing, interest and covenant risks, especially with negative earnings and inconsistent free cash flow. High debt limits financial flexibility to fund capex or marketing, increasing vulnerability to tourism shocks or higher interest rates over the medium term.