The early February was a long time to reach Central Florida theme parks. The holiday families are back to school, shorter hours work, and outside the locals with an opportunity and with a few snow snow, there are many dornrooms at Disneys (NYSE: DIS) Disney World, Comcasts (NASDAQ: CMCSA) Universal Orlando, and SeaWorld Entertainments (NYSE: SEAS) SeaWorld Orlando and Busch Gardens Tamps.
The times are changing – in a good way for shareholders, but visitors who expected to find all of the year's parks for themselves at this time of year may well be bad. Seasonal festivals and events are packing the parks again, especially on the weekend, when local people have time to reach the area's attractions.
The eight dry parks owned by Disney, Comcast, and SeaWorld attracted 83.5 million visitors in 2017, according to the Themed Entertainment Association of the industry's winner. The eight-eight parks are among the top 12 most visited in the US, and if they have a strong start in 2019, the rest of the industry that will attend this year is a good bet.
The festivals for the rest
Universal Orlando is celebrating this year's Mardi Gras annual celebration with concerts, top-of-the-day parade floats, and grass-floating riders pulling guests to the Comcast-owned option. A few I-4 sets out, Orlando Sea Orlando's Festival of Seven Seas Festival is joining this weekend, and Fray runs last night and Sugar Ray is going to the state tonight.
If North Wales hungry neighbors bring foodies, drinks and music boys to the home, it's a safe bet that Mickey Mouse is a step forward. The Arts Festival of Arts 2019 – celebrates all the art forms, including cooking – the bar is rising to the festival's sight since January 18. Unlike many of the peer weekend festivals, the Disney festival is Epcot is available daily, but it's its biggest businesses on the weekend as Floridians go to food, wine, music and artistic offerings.
The theme park industry was already underway before the end of the festival in the winter. Disney's theme theme parks are getting guests to spend more 7% per person than they were a year ago. Comcast theme parks ran up with their fiscal year, with revenue rising by 4% in its latest quarter and 2018. SeaWorld Entertainment has scored a more significant score, to serve an theme park increasing by 8% on its least of the first three quarters of last year. The stock has been almost double in the past year.
The industry has a strong momentum, and the popularity of festivals during the period of slow-term use is only helping to raise the full year results. There is no slow season for Florida theme parks more, and this is not really bad for an industry that is now authorized to manage a new and better guest experience.
Rick Munarriz owns SeaWorld Entertainment and Walt Disney shares. Motley Fool has shares and Walt Disney is praised. Motley Fool Comcast recommends. Motley Fool has an exposed policy.