Articles tagged “theme parks”

Disney CEO Still Bullish on China Despite Shanghai Park Slump

Disney CEO Still Bullish on China Despite Shanghai Park Slump

Hannah Sampson, Skift

Disney had to lower ticket prices to boost attendance at its two-year-old Shanghai park, but that's not the story at most properties around the world. The company saw its overall theme park revenue jump 9 percent in its fiscal fourth quarter.

4 days ago

Dubai Theme Park Operator Warns of Possible Six Flags Delay

Dubai Theme Park Operator Warns of Possible Six Flags Delay

Archana Narayanan, Bloomberg

Executives with Six Flags Entertainment warned last month that an on-time opening of the Dubai project was unlikely, and it appears that caution was warranted. As DXB Entertainments conducts a strategic review, what other changes await?

6 days ago

SeaWorld’s Price-Cutting Strategy Is Fueling a Comeback

SeaWorld’s Price-Cutting Strategy Is Fueling a Comeback

Hannah Sampson, Skift

SeaWorld is making theme park visitors an offer some apparently can't refuse: a good deal. With attendance continuing to rise and a slate of new attractions on the horizon, the operator might finally be leaving the bad times behind.

1 week ago

Wanda Sells More of Its Tourism Businesses for $900 Million

Wanda Sells More of Its Tourism Businesses for $900 Million

Bloomberg

When the Chinese government tells you to give up your travel businesses, you act quickly, at least if you're based in the country. So much for Wanda's dreams of one day competing with Disney.

2 weeks ago

Six Flags Is Keeping Ties to Saudi Arabia as Others Back Away

Six Flags Is Keeping Ties to Saudi Arabia as Others Back Away

Anousha Sakoui, Bloomberg

Will Six Flags face any blowback for its relationship with Saudi Arabia, even as other companies cut ties? Its theme park is set to open in 2023, so there is plenty of time to find out.

3 weeks ago

Six Flags’ Future in Dubai Is Now Uncertain

Six Flags’ Future in Dubai Is Now Uncertain

Hannah Sampson, Skift

Six Flags still considers international licensing an important driver of revenue growth, despite some roadblocks along the way. Back in the U.S., where most of its parks are located, weather put a damper on quarterly earnings.

3 weeks ago

Disney Is Spending $20 Million to Keep Florida Gambling in Check

Disney Is Spending $20 Million to Keep Florida Gambling in Check

Jonathan Levin, Bloomberg

Gambling companies have long wanted to expand in Florida. Disney, a major force in the state's economy, has been opposed. In the battle of the ballot measure this November, our money is on the mouse.

4 weeks ago

Parks Operator Merlin Starts to See Recovery in London Market

Parks Operator Merlin Starts to See Recovery in London Market

Patrick Whyte, Skift

It looks like things are starting to turn around for Merlin in its key London market. We'll have to wait until its annual results later this year for the full picture.

4 weeks ago

SeaWorld Reports Summer Attendance Spike

SeaWorld Reports Summer Attendance Spike

Hannah Sampson, Skift

SeaWorld has been making it more affordable for people to visit its parks and sweetening the deal at some locations with free beer. Those tactics seem to be working, according to preliminary figures for the summer.

1 month ago

Disney World’s Latest Pricing Changes Take Aim at Crowd Control

Disney World’s Latest Pricing Changes Take Aim at Crowd Control

Hannah Sampson , Skift

Disney shifted to seasonal pricing a couple of years ago, and the entertainment giant is drilling down even more with the latest changes. Visitors will likely grumble at the more complicated new system, but we don't expect Disney's business to suffer.

2 months ago

Disneyland’s Hotel Workers Will See Starting Pay Rise to $15 an Hour

Disneyland’s Hotel Workers Will See Starting Pay Rise to $15 an Hour

Christopher Palmeri, Bloomberg

Workers at Disney's parks in Florida and California have already negotiated wage increases, so it makes sense that the company's hotels are following.

2 months ago

SeaWorld, Ex-CEO Agree to $5 Million Settlement in Blackfish Fraud

SeaWorld, Ex-CEO Agree to $5 Million Settlement in Blackfish Fraud

Hannah Sampson , Skift

More than five years after the Blackfish documentary made a splash, SeaWorld is finally facing the music for lying to the public about the impact. In a way, though, the company has been paying a price for years: A $5 million settlement is a drop in the bucket compared to quarter after quarter of lost revenue.

2 months ago