Busch Entertainment sees revenue drop in first quarter
Posted
Business Busch Entertainment Corp. slowed significantly during the first three months of the year, according to financial results released Thursday by its parent company. Global beer giant Anheuser-Busch InBev said its U.S. entertainment business generated $181 million in revenue during the three months ending March 31. That is down 18.3 percent from the $221.6 million in sales rung up at the division during the same period a year ago.
Read more form The Orlando Sentinel.
At BGE.. A good part of their revenue drop was seen in their Pass Sales. Because of that they made significant changes in prices and deals for passes, especially for locals. But BGE is seasonal, and most of their pass sales trickle in when the park opens up than during the off season (Nov-March).
That pass sale slump was turned around a bit when they opened and Sesame Place opened up. On AP preview day the park had numbers that rivaled a good spring break day..
One thing in pass sales is they offered a 2 year pass as well. So obviously a family pays one year but not another.. I often wonder how the multi year passes weigh in (even in the smallest amount) with the statistics.
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