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Comcast promises one 'great attraction' a year at all Universal resorts
POSTED 07 May 2015 . BY Tom Anstey
Harry Potter Actors Tour The Wizarding World of Harry Potter - Diagon Alley at Universal Orlando Resort Credit: Universal Orlando
Comcast is expanding on its theme park ambitions, with the company planning major investments across the board at all of its theme parks.

Comcast, which owns the four existing and four upcoming Universal theme parks across the world, said during an earnings call that its theme parks account for around 25 per cent of operating cash flow, predicting further growth in future.

“We will invest in a great attraction – about one a year at each of our resorts," said Stephen Burke, CEO of NBCUniversal (a division of Comcast), during the 4 May earnings call. "You'll also see a very significant hotel build-out in Orlando over the next five or so years," he added.

Universal’s recent Wizarding World of Harry Potter additions to its parks in Orlando and Osaka have resulted in huge upswings in attendance and revenue. Universal Orlando in particular drove impressive performances for Comcast, with the new Diagon Alley area helping to drive a 33.7 per cent year-over-year increase in Q1 theme park revenue. The park saw hugely impressive numbers also in operating cash flow, which increased 54.6 per cent to US$263m (€236m, £173.7m).

The promise of a ride on the Hogwarts Express also helped matters, with Comcast reporting that nearly 80 per cent of visitors to Universal’s Orlando parks opted for a two-park ticket to both Universal Studios and the nearby Islands of Adventure.

At the moment, Universal is building a King Kong attraction at Islands of Adventure, with further investment planned for a new waterpark. Work is underway on Sapphire Falls, a luxury 4,200 bedroom resort. According to recently submitted documents, Universal is also looking at a 400-bedroom and an 800-bedroom hotel.

"When [Comcast] first showed up in 2011, theme parks were something that came with the rest of the company," said Burke. "Now they're right at the core of what we're all about and, we think, provide a tremendous growth opportunity."
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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: -

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Jobs    News   Products   Magazine
NEWS
Comcast promises one 'great attraction' a year at all Universal resorts
POSTED 07 May 2015 . BY Tom Anstey
Harry Potter Actors Tour The Wizarding World of Harry Potter - Diagon Alley at Universal Orlando Resort Credit: Universal Orlando
Comcast is expanding on its theme park ambitions, with the company planning major investments across the board at all of its theme parks.

Comcast, which owns the four existing and four upcoming Universal theme parks across the world, said during an earnings call that its theme parks account for around 25 per cent of operating cash flow, predicting further growth in future.

“We will invest in a great attraction – about one a year at each of our resorts," said Stephen Burke, CEO of NBCUniversal (a division of Comcast), during the 4 May earnings call. "You'll also see a very significant hotel build-out in Orlando over the next five or so years," he added.

Universal’s recent Wizarding World of Harry Potter additions to its parks in Orlando and Osaka have resulted in huge upswings in attendance and revenue. Universal Orlando in particular drove impressive performances for Comcast, with the new Diagon Alley area helping to drive a 33.7 per cent year-over-year increase in Q1 theme park revenue. The park saw hugely impressive numbers also in operating cash flow, which increased 54.6 per cent to US$263m (€236m, £173.7m).

The promise of a ride on the Hogwarts Express also helped matters, with Comcast reporting that nearly 80 per cent of visitors to Universal’s Orlando parks opted for a two-park ticket to both Universal Studios and the nearby Islands of Adventure.

At the moment, Universal is building a King Kong attraction at Islands of Adventure, with further investment planned for a new waterpark. Work is underway on Sapphire Falls, a luxury 4,200 bedroom resort. According to recently submitted documents, Universal is also looking at a 400-bedroom and an 800-bedroom hotel.

"When [Comcast] first showed up in 2011, theme parks were something that came with the rest of the company," said Burke. "Now they're right at the core of what we're all about and, we think, provide a tremendous growth opportunity."
Sign up here to get the Attractions Management weekly ezine and every issue of Attractions Management magazine free on digital.
RELATED STORIES
Universal Orlando makes metal detectors permanent addition to three rides


Following a successful trial period in March and April, Universal Orlando has now made metal detectors outside three of the park’s rollercoasters a permanent addition in an attempt to improve ride safety.
Puss in Boots coaster debuts at Universal Singapore


Universal Studios Singapore at Resorts World Sentosa has debuted a new Puss in Boots rollercoaster, with the launch headlining the park’s five year anniversary celebrations.
Universal Orlando trials metal detectors to improve ride safety


Universal Orlando has started using metal detectors for rollercoaster riders in an attempt to ensure safety, according to park officials.
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