Universal Parks & Resorts accelerating in doing well for the theme park industry especially for Universal Orlando Resort. A lot new projects are coming up on the horizon and more recent is the highly anticipated VelociCoaster that are undergoing team member previews and then annual passholder previews. The attraction will be officially opening up on June 10th at Islands of Adventure by Jurassic Discovery Cove.
The theme park division is being reported in breaking even for Q2 in a row according to Comcast’s CEO, Brian Roberts for “remarkable attendance” during the busy spring break season.
NBCUniversal CEO, Jeff Shell who oversees Universal’s theme park division also shared in a statement:
“Obviously during a pandemic when you’ve closed, it’s not a good business. It’s going to be choppy getting open again,”. “But it’s hard not to get excited about our parks business. The demand is there. We’re seeing it in Orlando. We have no international travel yet … and we still are at capacity.”
The parks are still a limited capacity because still following the state and county heath official guidelines for Florida. Comcast as Universal’s parent company released the company’s earnings for Q1 on Thursday and shared some positive results.
Comcast revenue rose to $27.2 billion, a 2% rise from the same time last year, prompting executives to proclaim it was one of the best first quarters in recent years. The company reported adjusted earnings per share at 76 cents.
Back in December 2020 as Shell stated that Orlando’s theme parks are running at 35% capacity and recent he didn’t provide an update and Universal Orlando hasn’t responded about the capacity as the vaccination process is still ongoing in Orange County.
The upcoming VelociCoaster from the Jurassic World franchise is the next upcoming project opening up at Islands of Adventure on June 10th, 2021 and company execs spoke about their optimism for the road to recovery for the theme parks. Shell shared his enthusiasm for the roller coaster in Orlando and coined it “the most exciting to me” out of the company’s lineup. Speeds up to 70 mph and then shooting up riders towards 155 feet high with an 80-degree drop. Shell also said “both spectacular and petrifying” after recent riding it just a few weeks ago.
Universal Parks & Resorts’ revenue fell to $619 million for the first quarter, a 33% loss compared with the same time period in 2020 when the parks shut down late in the quarter.
Brian Roberts, Comcast’s CEO commented and shared in a statement:
“We can see firsthand the pent-up demand for high-quality entertainment and family fun outside of the home, we remain incredibly bullish on the parks business.”
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Source: Orlando Sentinel