- Feb 15, 2012
- 17,231
- 47,411
Exactly. I remember reading that Comcast believes that their theme parks are recession-proof. Even if there is a slowdown, that people still want to take theme park vacations, especially people who live within a few hours of the park. Not to mention that in a recession, construction slows down and supply of workers swamps demand meaning that Comcast can hire labor for less money than they would during a boom time.
Exactly. Last recession Disney hunkered down, Universal Orlando built. Now that they have Comcast supplying a backing it won't change. For better or worse we're in a growth period with UOR because of how stagnant the parks were before; it's very similar to the Disney Decade except this is actually being executed.