Domestic Travel Driving Comcast’s Theme Park Recovery

The Comcast Company introduced on Thursday that its theme park division had seen an enormous enhance throughout the fourth quarter resulting from a rising variety of home vacationers visiting the properties.

In line with Reuters.com, Comcast Chief Government Brian Roberts revealed throughout a convention name with traders that the NBCUniversal media unit noticed a 25.6 % rise in income, pushed by a restoration within the firm’s theme parks division.

Comcast’s theme parks division had probably the most worthwhile fourth quarter in NBCUniversal’s historical past due to the excessive variety of home vacationers coming into the properties who spent extra after they visited.

“We’re producing extra of the premium content material our viewers love, and proceed to supply them with a number of methods to entry it, together with on Peacock, whereas ramping development of Epic Universe and welcoming much more visitors to our theme parks,” Roberts mentioned.

In 2021, the corporate’s amusement parks earned $5.05 billion, a rise of 141 % from the $2.09 billion in income reported the earlier yr. Fourth-quarter earnings have been $1.88 billion, a 191 % improve from $648 million in the identical quarter of 2020.

Along with the monetary success of the theme parks, Roberts revealed that Common Orlando’s Epic Universe property is scheduled to open by summer time 2025. Officers mentioned development was “full-steam forward,” however a precise opening date was not introduced.

Common beforehand confirmed Tremendous Nintendo World could be one of many new theme park’s lands, however no additional particulars have been revealed.

Final yr, Common Parks & Resorts named Mark Woodbury as its subsequent Chairman and CEO following the retirement announcement of Tom Williams. Woodbury stepped into his new function on January 1, permitting for a quick transition interval as Williams will retire on March 16.