Posted Wednesday, November 11, 2009 10:06 PM | Contributed by Jeff
Attendance at Orlando-based Busch Entertainment Corp.'s chain of theme parks is expected to end the year down about 7 percent, according to analysts at Moody's Investors Service.
Read more from The Orlando Sentinel.
This is a temporary phenomenon. Merlin is on the job, and I'm pretty confident about the future of the Busch parks. The InBev experiment went....poorly. To say the least. Good riddance to bad management.
I don't think they had their hand in it long enough to really screw anything up. I suspect this was more the economy than anything else (provided the estimates are even right in the first place).
Estimates are fairly close overall, and yep IB hasnt been there long enough to screw things totally up.. Not in any way for it to be seen by the visitor.
InBev did most of their shenanigans on the HR side of the house.. They halted a few capital projects but that wouldnt have affected the now as much, just delay the later.
The real deal is the fact that people = revenue. Less people .. Less revenue. But every park was down in foot traffic to some degree. But a lot of this article really pretains to the Florida parks that are flying destinations. The driving parks actually held their own fairly well. Naturally it all combines into the BEC pot in the end.
Btw.. RG.. Merlin has nothing to do with BEC.. 2 independent investments from Blackstone's perspective.Last edited by ridemcoaster, Monday, November 16, 2009 9:41 AM
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