Mon. Sep 26th, 2022

Extensively recognized for its studio Lot Tern theme park in Los Angeles, California and its sprawling resort in Orlando, Central Florida, Common Parks & Resorts is among the hottest theme park manufacturers globally.

Comcast’s first quarter (Q1) figures come as a shock in a brand new report, with the corporate’s income being closely factored into its theme park division.

Universal Orlando Resort
credit score: Common

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Common Parks & Resorts, the amusement park arm of Comcast’s NBCUniversal subsidiary, has trip spots unfold world wide. From Common Studios Hollywood and Common Orlando Resort in the USA to Common Studios Japan, Common Studios Singapore and Common Beijing Resort, the franchise has a big international footprint.

Holidays at Universal Studios Hollywood
credit score: Common

Like many leisure venues, Common’s parks have been closed throughout the outbreak of COVID-19 and the pandemic that adopted. Nevertheless, simply as Disney Parks posted large theme park income after pandemic restrictions have been lifted, as did Common Parks & Resorts. CNBC reported:

Comcast’s Common theme park enterprise is recovering after an prolonged shutdown because of the coronavirus pandemic. Income within the division grew greater than 151% 12 months over 12 months to $1.56 billion, in response to FactSet, exceeding analysts’ estimates of $1.44 billion.

“Our restoration from the pandemic at theme parks has been spectacular and exhibits no indicators of slowing down,” Comcast CEO Brian Roberts stated in a press release.

Universal Hollywood
credit score: Common

A tweet by Ashley C shared extra feedback about Comcast’s staggering post-pandemic success:

From the Comcast earnings name: Officers stated there was “extraordinary demand” at Common’s home theme parks and that attendance was “again to pre-pandemic ranges.”

The staggering income from Comcast’s theme park division is a certain signal that their portfolio will proceed to develop.

Maybe the boldest transfer at Common Parks & Resorts is so as to add a brand new gate at Common Orlando Resort. Someday sooner or later, Common’s Epic Universe might be joined by Common Studios Florida, Common’s Islands of Journey, Common’s Metropolis Stroll, and Common’s Volcano Bay Resort, giving any rival Disney park a run for its cash.

epic universe
credit score: Common

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The brand new park may even boast quite a few new lands, together with a Tremendous Nintendo World and probably a Common Monsters-themed location, and a Ministry of Magic attraction to hitch Diagon Alley and Hogwarts for the Harry Potter universe. A model of Tremendous Nintendo World can also be underneath building at Common Studios Hollywood.

New sights from Common’s Epic Universe, comparable to Tremendous Nintendo World’s Mario Kart: Koopa’s Problem, will be part of different in style rides on the Orlando Resort, such because the Jurassic World VelociCoaster at Common’s Islands of Journey and Hagrid’s Magical Creatures Motorcycle Journey at The Wizarding World . Potter.

credit score: Common

The event at Common Orlando Resort, which additionally hosts the long-lasting Halloween Horror Nights, is certain so as to add heat over native competitor Walt Disney World Resort. Whereas Home of Mouse has a major maintain on the worldwide theme park market, lots of the theme parks’ variations, worth will increase and high quality have been criticized by company not too long ago.

Cinderella Castle in the Magic Kingdom
credit score: Disney

Disney World can also be locked in a battle for self-governance after the Florida authorities moved to get rid of the Walt Disney Firm’s iconic Reedy Creek Enchancment District. How this may land within the better Orlando panorama is anybody’s guess, however given the unsure nature of the problem, extra theme parkers could choose to go to a Common park on their subsequent trip.

Have you ever visited Common Parks since they reopened? Inform us within the feedback under!

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