1st Quarter Shows Strong Numbers for Universal Parks & Resorts
Comcast recently released their first-quarter earnings report. Universal Parks & Resorts had a strong quarter largely because of “the continued success of Volcano Bay in Orlando, Minion Park in Japan and The Wizarding World of Harry Potter in Hollywood.” Another crucial piece of Universal Parks & Resorts success this quarter was the increase in per capita spending by guests.
The theme parks division raked in $1.28 billion, which is a 14.5 percent increase as compared to $1.11 billion during the same prior last year. Some of the revenue was offset by an increase in spending.
The continued success since the opening of the Wizarding World of Harry Potter in Orlando in 2010 has pushed Universal to be more aggressive in the theme park market.
Credit: Comcast
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