Galaxy Defender
V.I.P. Member
Last fiscal quarter Disney and SeaWorld recorded declines in attendance in Orlando. Universal reported steady attendance. Mentions on multiple threads here have suggested that crowds have declined at all parks during the summer. Someone mentioned a decline in hotel fill rates at Disney Springs and it was just announced that those hotels are having some rate sales. Also heard Orlando hotel occupancy rates are down this year. I don't know how Universal hotels are doing.
The declines started before all of the tragedies in Orlando so the root causes are elsewhere, though it could make the declines worse. Is this a blip due to overseas tourism drops from Brazil, a longer trend due to weakness in the US economy or are theme park trips getting too expensive? Gas prices are down so you would think that would encourage travel.
Could this impact the theme park wars? Would the parks cut back due to loss of income, stay the course to bring back business or are current projects so far along that they will get done regardless of economy?
I do think any downturn would be less severe than the last since it would not be bank based. Those tend to be more severe and longer in duration.
The declines started before all of the tragedies in Orlando so the root causes are elsewhere, though it could make the declines worse. Is this a blip due to overseas tourism drops from Brazil, a longer trend due to weakness in the US economy or are theme park trips getting too expensive? Gas prices are down so you would think that would encourage travel.
Could this impact the theme park wars? Would the parks cut back due to loss of income, stay the course to bring back business or are current projects so far along that they will get done regardless of economy?
I do think any downturn would be less severe than the last since it would not be bank based. Those tend to be more severe and longer in duration.