I think they are setting up a design pattern where the sub text (in this case, "ORLANDO RESORT") is the specific execition of the brand.
So, with the new logo, it's just UNIVERSAL, and in this particular instance, the execution is the ORLANDO RESORT. It's a good move. Everyone just calls it "Universal" anyway... nobody ever calls it "Universal Orlando" in conversation.
Same with movies. This movie is from UNIVERSAL, with the execution being from STUDIOS.
We're visiting UNIVERSAL, and in this instance, it's JAPAN. Etc.
Hope that makes sense.