Universal Parks & Resorts has revealed just how powerful the economic impact of the COVID-19 pandemic has been. According to Spectrum News 13‘s Ashley Carter, Comcast, Universal’s parent company, reported that Parks & Resorts experienced a 94% loss in revenue during the second quarter of 2020. Altogether, the theme parks earned $87 million, a massive … Read more
While Florida’s theme parks begin to reopen following their months-long closures due to the COVID-19 pandemic, we’re now starting to see the economic impact that the closure had. WFTV reporter Deanna Allbrittin posted on Twitter that Orange County only collected $765,900 in Tourist Development Tax revenues for the month of April, a 97% decrease from … Read more
According to Formula Money, recent account filings have shown that Disneyland Paris has returned to a profit last year. With a boost in attendance and guest spending, revenue increased almost 13% to a record £1.5bn ($2bn). This is a significant turn for Disneyland Paris, as they historically have had a difficult time turning a profit … Read more
Disney has reported their Q3 earnings, and while revenue and income are both up over 2017 Q3, they failed to meet analysts’ expectations. Analysts’ expected Disney to post revenue of $15.34 billion, versus the $15.23 billion they reported. Here’s how The Walt Disney Company (DIS) fared in their recent quarter: Revenue: $15.23 billion vs. $14.24 billion … Read more