I just meant that Wet 'N Wild's last year represented the least amount of people that park will ever see. I find it very hard to believe that Volcano Bay will have a smaller attendance than Wet 'N Wild's last year. So, we can have a rough idea of how many people will go to Volcano Bay in the absolute worst case@GadgetGuru What the heck is this??
There's also a lower-bound established for Volcano Bay
I think they've already accepted that. They've at least acknowledged it publicly, but I don't know if any real change has come of it yet. They price themselves as the inferior and cheaper alternative or addition to WDW and UOR.For real though at what point does SeaWorld just accept they aren't in the same class as their neighbors WDW or UO and make a real change?
Let's talk hypothetical here just for the sake of discussion. They have three world class roller coasters already... at one point does an investor come in and just scrap the whole animal aspect and go thrill park (think cedar point). It would fill a void in the Central Florida market for a high octane thrill park that neither WDW or UO seem interested in doing.
Yep, that is what is projected. Big a** park for studios numbers at a reduced rate compared to WDWI always take this report with a grain of salt, but what I did find interesting was that in roughly 6.5-7 months of last year SHDL took in 5.6M supposedly. So if they stay on that pace or greater for a full year, they would likely end up somewhere around 10.5-11M for the year I would think, no?
There are a lot of Shanghai expansions either in construction already (TSL) or close to being announced (Everest, etc) to keep guests coming so unlike Paris and HK, i'd expect the numbers for Shanghai to continue to gradually rise instead of fall. No park opens with MK/DL/USJ numbers. Hell, USJ didn't get to where it's gotten until just the past few years.Yep, that is what is projected. Big a** park for studios numbers at a reduced rate compared to WDW
Yeah, they need the word of mouth to spread to the countryside and develop a habit of going. Gonna be a long time til they start making money on that 6B investmentThere are a lot of Shanghai expansions either in construction already (TSL) or close to being announced (Everest, etc) to keep guests coming so unlike Paris and HK, i'd expect the numbers for Shanghai to continue to gradually rise instead of fall. No park opens with MK/DL/USJ numbers. Hell, USJ didn't get to where it's gotten until just the past few years.
The problem, imo, is they are charging too much for F&B and too little for park tickets. From what i've heard, guests are scoffing at the over-inflated costs of food and instead opting to just bring in lunch and snack of their own on their visits.The possible issue with Shanghai's attendance is threefold
*They charge considerably less for tickets, so their attendance ticket intake money per guest doesn't equal that of the USA parks
* Guest spending on food purchases has been disappointing from accounts.
* Guest purchases on merchandise have been disappointing from accounts
The major factor in business is revenue, more so than actual attendance numbers. Revenue & Spending per Guest is looking like it could be a long term issue.
The problem is that the income of the so called Chinese Middle Class(?) would be equal to someone in "extreme" poverty in the western world. A day in the park is a very difficult cost for a typical Chinese family. And the really wealthy Chinese like going to places outside of China. They probably couldn't afford the food & merch even if they cut the price in half.The problem, imo, is they are charging too much for F&B and too little for park tickets. From what i've heard, guests are scoffing at the over-inflated costs of food and instead opting to just bring in lunch and snack of their own on their visits.
I don't think there's any one simple answer though. The Chinese market is a fickle one compared to US and Japan as I said.
Disney, in their quarterly reports last year,said their WDW attendance was flat to a small loss (They don't list actual attendance per park but they do make statements concerning percentage loss or gain of attendance). So TEA's guess estimate is probably based on those Disney reports of flat & small decreases in attendance in every quarter last year.USH's attendance jump of 13.9% is high on TEA, but from what I've heard that's definitely a lowball estimate. Not surprised the MK estimate didn't go higher, I think Disney is fine now that it's 20 million.