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SeaWorld Entertainment Corporate News (Old Leadership Thread)

  • Thread starter Thread starter Brian G.
  • Start date Start date Jan 4, 2017
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Jerroddragon

Jerroddragon

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  • Feb 28, 2024
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Sea World is great for cheap....the issue is slow loading on many rides, many times rides not ready to go when the park opens and at least a SD the animal shows are kinda just the same thing they always have been for like 10 years.
What gets me to go to Sea World is the cheap price and events but even then....i have no want to go during the Halloween event because you have to leave the park and they have bag restrictions
 
Mad Dog

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Jake S said:
me, reading the headline: Well, they certainly can't blame the weather again, right?

narrator: they can
Click to expand...
I laugh every time it gets brought up. When Iger's lame excuse for a dead WDW fourth of July, and a dead summer was 'the weather was too hot' in 'tropical' Florida, everyone in the theme park industry has been using that excuse whenever revenue doesn't meet expectations, everywhere, not just Florida. Sorry, but these nitwit CEO's must think everyone is stupid. And here again, that was the excuse from SeaWorld execs. I think every major theme park company used that excuse in the past eight months.
 
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UniversalRBLX

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  • #343
Jake S said:
me, reading the headline: Well, they certainly can't blame the weather again, right?

narrator: they can
Click to expand...
Any excuse that doesn't blame management's poor decision.

There are a lot of fixes SeaWorld could do, they just don't want to take the short-term hits.
  • They have way too many restaurants open due to the all-day dining deal, basically requiring them to spread out staffing throughout and slowing down service, let alone price and quality issues)
  • The surcharge fee should have been a temporary thing, they ruined lots of goodwill with that
  • Maintenance (they're getting to it finally)
  • Pricing in general (who the heck is buying an $85 polo with the SeaWorld logo)
 
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Wesker69

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  • Feb 28, 2024
  • #344
Jerroddragon said:
i have no want to go during the Halloween event because you have to leave the park and they have bag restrictions
Click to expand...
USH used to make you leave & re-enter, until they got enough backlash for it.

And EVERY haunt event has bag restrictions on some level, Knott's being the worst offender.

Eitherway, not good enough excuses to skip Howl-O-Scream San Diego
 
Jake S

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  • #345
Wesker69 said:
Eitherway, not good enough excuses to skip Howl-O-Scream San Diego
Click to expand...
If Howl-O-Scream San Diego had a good event, I'd agree with you. As it stands, any inconvenience is a good reason to skip their event.
 
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Wesker69

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Jake S said:
If Howl-O-Scream San Diego had a good event
Click to expand...
*gasp* they DO have a good event though, also keep in mind it's only been 3 years. It's still learning/growing. Besides, SWO keeps getting all the budget & focus due to its neighbor down the street lol
 
Jake S

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Wesker69 said:
*gasp* they DO have a good event though, also keep in mind it's only been 3 years. It's still learning/growing. Besides, SWO keeps getting all the budget & focus due to its neighbor down the street lol
Click to expand...
I mean, I understand this is subjective but their event is quite terrible. I don't care if they're still "learning" or "growing" — it's not one I want to revisit any time soon.
 
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Thatguyoverwhere

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Jake S said:
I mean, I understand this is subjective but their event is quite terrible. I don't care if they're still "learning" or "growing" — it's not one I want to revisit any time soon.
Click to expand...
I have to agree on this, having attended two out of the three years of the event's existence. Even in its third year it was just nowhere close to the level of quality that HOS Orlando was in its first year, or for that matter the quality level of any other HOS location. The same can be said about the Christmas event; SD clearly just isn't getting nearly the same budget as the other parks, which is bizarre since San Diego is a major tourist destination and in a more populous region than any other park in the chain.

More broadly, I think these numbers are a reflection of guests being turned off from PRKS by the consistent drop in quality coupled with increases in pricing, especially the deceptive ways the company has implemented those pricing increases. It's now more expensive to visit SW or BG than it is to visit Disney or Universal, and the few people who still choose to spend their money here anyway end up being punished for it in the park with further junk fees, high prices, and sub-par experiences that can't hold a candle to that same park a decade prior, let alone other parks in the area. Not surprisingly, guests feel ripped off, stop coming back, and voice their dissatisfaction on the internet and with everyone they know.
The fact that many of the parks now only cater to local teenagers and young adults who like roller coasters is another major turn-off for would've-been guests. The one shred of truth behind the "weather" excuse is that, indeed, all but one of the US parks have now been stripped of any weather-proof rides, and whereas pass holders may have previously come to the park on a cold, hot, or rainy day knowing they could at least ride something indoors, now they just don't bother coming at all. But PRKS (or rather Hill Path Capital/Scott Ross) seemingly has no interest in addressing that. Instead, their solution is most likely going to be further cost cutting and price gouging, which might scrape up a few extra dollars in the next quarterly report but will ultimately exacerbate this cycle of self-sabotage that is starting to catch up with them.
If I were in charge, the changes I'd be making to restore goodwill and public interest are:
  • Replace junk fees with visible price increases on online and in-park purchases (the SD parks will likely be forced to do this anyway starting in July)
  • Plan at least one indoor, non-roller coaster ride for every park that doesn't already have one
  • Bring back quality themed entertainment with at least one permanent theatrical show, one street performance, and one parade at every park
  • Increase staffing at gates, rides, and restaurants on anticipated busy days
  • Replace the menu at every restaurant that has been downgraded to frozen pizza/chicken nuggets/burgers
  • Bring back storage cubbies or make lockers free for every ride that doesn't allow loose articles
  • No late open or early closure of major rides (other than for safety reasons) during peak seasons
  • Stop building roller coasters at parks that already have too many and invest in broad-appeal experiences with an emphasis on unique storytelling and placemaking
 
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GAcoaster

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  • #349
Their preliminary earnings look decent despite what seems to be a soft summer:
www.marketscreener.com

United Parks & Resorts Inc. Provides Preliminary Earnings Guidance for the Second Quarter, Six Months and Year to Date Ended June 30, 2024

United Parks & Resorts Inc. provided preliminary earnings guidance for the second quarter, six months and year to date ended June 30, 2024. For the quarter, the company expects total revenues to be...
www.marketscreener.com www.marketscreener.com
 
UniversalRBLX

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  • #350
GAcoaster said:
Their preliminary earnings look decent despite what seems to be a soft summer:
www.marketscreener.com

United Parks & Resorts Inc. Provides Preliminary Earnings Guidance for the Second Quarter, Six Months and Year to Date Ended June 30, 2024

United Parks & Resorts Inc. provided preliminary earnings guidance for the second quarter, six months and year to date ended June 30, 2024. For the quarter, the company expects total revenues to be...
www.marketscreener.com www.marketscreener.com
Click to expand...
Flat, which is fine since Penguin Trek didn't open until Q3.

Won't dive into the numbers yet, but a <1% change in attendance is heavily inflated by the number of free tickets and deep discounts they're now offering. Revenue is also flat, so the business hasn't really moved much.
 
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GAcoaster

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When revenue is down for Disney and Universal but flat to slightly up for United Parks, it’s really a win for them.
 
UniversalRBLX

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GAcoaster said:
When revenue is down for Disney and Universal but flat to slightly up for United Parks, it’s really a win for them.
Click to expand...
Yeah, definitely better than going the other way... but how sustainable is it in the long run? Unlike a CF/SF park, there is serious competition for dollars in Orlando, and next year the competition gets really tight.
 
GAcoaster

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If locals are priced out of the Disney and Universal parks passes then it won't effect it as much as it could have.
 
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wutisgood

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I think disney has gone way overboard on cheap local pricing with season passes only availible for locasl vs dynamic pricing that peaks in the summer to punish the "non locals". Now when disney commits to block out dates the locals stay away and now the people paying full price are less likely to buy upcharges once they see that the locals being locked out have emptied out the parks. Disney has offered deals on tickets to try to apoligize for cocky a hole pricing but it hs not made a huge dent so far seems. The fact that we are in a period where people are now waiting for summer dining/ticket deals is absulutely insane,
 
HandsomePete

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  • Jul 31, 2024
  • #355
GAcoaster said:
Their preliminary earnings look decent despite what seems to be a soft summer:
www.marketscreener.com

United Parks & Resorts Inc. Provides Preliminary Earnings Guidance for the Second Quarter, Six Months and Year to Date Ended June 30, 2024

United Parks & Resorts Inc. provided preliminary earnings guidance for the second quarter, six months and year to date ended June 30, 2024. For the quarter, the company expects total revenues to be...
www.marketscreener.com www.marketscreener.com
Click to expand...
I thought I recalled last year’s Q2 call sounding like a laundry list of excuses so I went back to the transcript… “significantly adverse weather, in-park venue closures and related disruptions due to construction delays and a shift in the timing of the opening of new rides during the quarter.” And “Some combination of unusually hot and cold weather, rain and/or the fallout from Canadian wildfires impacted most of our markets during the quarter. In-park spending was impacted by the adverse weather and delays in construction projects, resulting in prolonged closures of certain in-park facilities and other in-park disruptions during the quarter.”

Also Abu Dhabi opened near the end May of 23, so I would assume whatever licensing agreement they have generated three months of revenue instead of just one.

Actual numbers will be helpful but it seems neither good nor bad.
 
UniversalRBLX

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  • #356
HandsomePete said:
Actual numbers will be helpful but it seems neither good nor bad.
Click to expand...
Definitely the best scenario for SeaWorld in what seems to be a down year for the theme park industry (considering the TEA attendance report has yet to be released). But in a year where revenue has remained flat, while price increases were in effect (at least at SWO/BGT), and attendance up, that means either admission per capita has decreased significantly or people are spending less in-park.

Thankfully SeaWorld provides that info during their statements, so we should get a good idea soon
 
Last edited: Jul 31, 2024
Brian G.

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  • Jul 31, 2024
  • #357
UniversalRBLX said:
Definitely the best scenario for SeaWorld in what seems to be a down year for the theme park industry (considering the TEA attendance report has yet to be released). But in a year where revenue has remained flat, while price increases were in effect (at least at SWO/BGT), and attendance up, that means either admission per capita has decreased significantly or people are spending less in-park.

Thankfully SeaWorld provides that info during their statements, so we should get a good idea soon
Click to expand...

I'm assuming QT me is an error? :lol:
 
UniversalRBLX

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Brian G. said:
I'm assuming QT me is an error? :lol:
Click to expand...
whoops my bad
 
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wutisgood

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What does corporate get from the abu dhabi park exactly? Is it a tokyo disney situation on minority ownership, or a branding per year x amount or percetancage of sales type deal.
 
GAcoaster

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I believe its all like Tokyo-- licensing and development fees are collected.
 
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