GET ATTRACTIONS MANAGEMENT
magazine
Yes! Send me the FREE digital edition of Attractions Management and the FREE weekly Attractions Management ezines and breaking news alerts!
Not right now, thanksclose this window
Get Attractions Management digital magazine FREE
Sign up here ▸
Jobs   News   Features   Products   Company profilesProfiles   Magazine   Handbook   Advertise    Subscribe  
NEWS
New attractions help Universal theme parks to surge in revenues
POSTED 27 Jul 2017 . BY Tom Anstey
NBCUniversal's parks continue to thrive under a constant investment scheme Credit: Shutterstock
NBCUniversal's theme park division experienced a surge in revenue during Q2 thanks to its investment in new attractions.

During the second three months of the year, revenue for the Comcast-owned organisation grew 15.6 per cent, up from US$1.13bn (€965m, £860m) in 2016 to US$1.3bn (€1.11bn, £989m) in 2017.

Reflecting higher attendance and per capita spending, the growth was buoyed by the continued popularity of the recently-opened Harry Potter world at Universal Studios Hollywood, Minion Park at Universal Japan and Volcano Bay waterpark in Orlando.

Using adjusted figures based on the shift of the Easter break that affected the first quarter, earnings before interest, taxes, depreciation, and amortisation (EBITDA) were US$551m (€470.5m, £419.1m), up 17.3 per cent from US$469m (€400.5m, £356.8m) for the same period in 2016.

Profits for the first six months of the year are also up with revenues increasing 12.5 per cent – US$2.43bn (€2bn, £1.84bn) from US$2.16bn (€1.84bn, £1.64bn) for the same period last year. EBITDA for six months increased by 12.3 per cent, up from US$844m (€720.7m, £642m) to US$948m (€809.5m, £721.5m) for the period.

These results reflected higher revenue, which was partially offset by an increase in operating expenses, including costs to support new attractions under development.

As part of its investment programme, Universal is currently planning to create Nintendo attractions starting at Universal Japan, and later in the US.

The operator also revealed a new Harry Potter addition to Orlando’s Islands of Adventure, replacing its Dragon Challenge coasters with a yet-to-be revealed highly-themed coaster experience.

Last year the company broke ground on its US$7.4bn (€6.9bn £5.9bn) Chinese venture – Universal’s largest ever theme park project.
PROJECT PROFILE:

Universal Orlando Waterpark
Plans have been submitted by Universal Orlando for a waterpark development to include a volcano feature close to its Cabana Bay Beach Resort. A “tall ‘volcano’ with slides will be constructed on the southern part of the site” and there will also be a wave pool, lazy river and rapids ride.

Location: Orlando , United States
Size: 214,500sq m
Budget: -

RELATED STORIES
  LA Galaxy and Universal announce exclusive theme park partnership


Major League Soccer (MLS) team Los Angeles Galaxy has announced an exclusive theme park partnership with Universal Studios Hollywood, with the two brands working together to cross-promote various ventures.
  Universal breaks ground on Super Nintendo World, confirms Mario Kart plans


Universal has shed more light on its upcoming Super Nintendo World in Japan, hosting a groundbreaking ceremony and confirming that Mario Kart will be brought to life as part of the highly-anticipated immersive attraction.
  Kung Fu Panda and Hello Kitty for Universal Studios Hollywood


Universal Studios Hollywood has announced the addition of two popular IPs to its park in 2018 – Kung Fu Panda and Hello Kitty
  Universal's Volcano Bay officially opens


Universal is celebrating the launch of its long-awaited Volcano Bay waterpark, which the operator has said would be a pioneer for the next generation of attractions.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
LATEST JOBS
Director of Operations
Active Luton
Salary: £61,000 - £64,000 + exceptional pension + excellent benefits
Job location: Luton , United Kingdom
Chief Executive Officer, Mount Batten Centre
Mount Batten Group
Salary: c£65,000pa + pension + benefits
Job location: mount batten centre, plymouth , United Kingdom
+ More jobs  

COMPANY PROFILES
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
+ More profiles  
CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2024 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2023 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2023 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2023 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

06 Apr 2020 issue 153


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2019


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024
Get Attractions Management digital magazine FREE
Sign up here ▸
Jobs    News   Products   Magazine   Subscribe
NEWS
New attractions help Universal theme parks to surge in revenues
POSTED 27 Jul 2017 . BY Tom Anstey
NBCUniversal's parks continue to thrive under a constant investment scheme Credit: Shutterstock
NBCUniversal's theme park division experienced a surge in revenue during Q2 thanks to its investment in new attractions.

During the second three months of the year, revenue for the Comcast-owned organisation grew 15.6 per cent, up from US$1.13bn (€965m, £860m) in 2016 to US$1.3bn (€1.11bn, £989m) in 2017.

Reflecting higher attendance and per capita spending, the growth was buoyed by the continued popularity of the recently-opened Harry Potter world at Universal Studios Hollywood, Minion Park at Universal Japan and Volcano Bay waterpark in Orlando.

Using adjusted figures based on the shift of the Easter break that affected the first quarter, earnings before interest, taxes, depreciation, and amortisation (EBITDA) were US$551m (€470.5m, £419.1m), up 17.3 per cent from US$469m (€400.5m, £356.8m) for the same period in 2016.

Profits for the first six months of the year are also up with revenues increasing 12.5 per cent – US$2.43bn (€2bn, £1.84bn) from US$2.16bn (€1.84bn, £1.64bn) for the same period last year. EBITDA for six months increased by 12.3 per cent, up from US$844m (€720.7m, £642m) to US$948m (€809.5m, £721.5m) for the period.

These results reflected higher revenue, which was partially offset by an increase in operating expenses, including costs to support new attractions under development.

As part of its investment programme, Universal is currently planning to create Nintendo attractions starting at Universal Japan, and later in the US.

The operator also revealed a new Harry Potter addition to Orlando’s Islands of Adventure, replacing its Dragon Challenge coasters with a yet-to-be revealed highly-themed coaster experience.

Last year the company broke ground on its US$7.4bn (€6.9bn £5.9bn) Chinese venture – Universal’s largest ever theme park project.
RELATED STORIES
LA Galaxy and Universal announce exclusive theme park partnership


Major League Soccer (MLS) team Los Angeles Galaxy has announced an exclusive theme park partnership with Universal Studios Hollywood, with the two brands working together to cross-promote various ventures.
Universal breaks ground on Super Nintendo World, confirms Mario Kart plans


Universal has shed more light on its upcoming Super Nintendo World in Japan, hosting a groundbreaking ceremony and confirming that Mario Kart will be brought to life as part of the highly-anticipated immersive attraction.
Kung Fu Panda and Hello Kitty for Universal Studios Hollywood


Universal Studios Hollywood has announced the addition of two popular IPs to its park in 2018 – Kung Fu Panda and Hello Kitty
Universal's Volcano Bay officially opens


Universal is celebrating the launch of its long-awaited Volcano Bay waterpark, which the operator has said would be a pioneer for the next generation of attractions.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS