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Universal Theme Parks Dip From Post-Covid Highs But Epic Universe Awaits, Fan Enthusiasm “Off The Charts”
Universal theme park financials dipped in the June quarter as the sector comes of a post-Covid boom. But Epic Universe opens in 2025.
But that’s changed, Comcast execs said on a call earlier today where President Mike Cavanagh noted “a Covid recovery pull-forward of a magnitude that we hadn’t previously appreciated.” But, more recently, other travel options like cruises and international tourism given the strength of the dollar are experiencing “their own surge in demand, which caused visitation rates at our parks to normalize.” Its designs are generating major interest and a recently opened Epic preview center in Orlando has seen “off the charts” foot traffic and guest enthusiasm, Cavanagh said.
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