Posted Tuesday, July 22, 2014 9:26 AM | Contributed by Jeff
Higher attendance and per-capita spending at Universal Orlando and other theme parks owned by Comcast Corp. drove a 12.8 percent jump in second-quarter revenue, the company reported Tuesday.
Read more from The Orlando Sentinel.
And this comes before the opening of Diagon Alley, impressive. What an exciting time to be at Universal. As much as I think the, "watch your back, Disney!" argument is a canard (because the pie is big, the game is different, rising tides, etc.), it's thrilling just to watch Universal fully realize it's product offerings and come into its own. I'm guessing it's a very good time indeed these days at the UO offices, if the staff has a chance to catch their breath that is.
In many ways what's happening at Universal today reflects the huge growth that took place at Walt Disney World in the '90s. There's a limit of course, but what a ride to be on while it lasts. Just think, somebody has a stack of plans on their desk right now trying to figure out how to spend the ever-growing pile of money.
I think the comments from Disney and SeaWorld Parks are generally true, that what's good for one is good for everyone. It's certainly not a zero-sum game, especially when you look at the overall growth since 2001. Even during the recession it wasn't the end of the world. Even I-Drive is showing signs of being less crappy these days.
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