Posted Thursday, July 23, 2015 2:05 PM | Contributed by Jeff
Comcast Corp. reported second-quarter revenue for its theme parks — including Universal Studios Florida and Islands of Adventure in Orlando — increased 25.7 percent to $773 million, compared to $615 million for the same quarter last year. Comcast attributed the increase to higher guest attendance and per capita spending.
Read more from Orlando Business Journal.
Now we know where all those Six Flags profits went.
The thing that I find staggering about this is that it shows how the spending in Orlando is not a zero-sum game. Sure SeaWorld has taken a hit, but not even remotely in the neighborhood of anything that would account for the gains by Universal and Disney. The scary thing is what could happen to the local economy if all of this success were to take a serious dump. Not so much for the general white collar work pool (contrary to popular belief, not everyone here works for theme parks), but for the service industry workforce.
Right. Even though Disney, and to an increasing extent Universal, do what they can to keep guests within their confines, my mind is always blown by the kajillion hotels and resorts and the bazillion restaurants and shops outside (and sometimes way outside) the gates. I guess its not on account of nothing that it's the busiest place on earth.
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