Quantcast
Channel: Tourism Central Florida - Orlando Sentinel
Viewing all articles
Browse latest Browse all 6

Attendance falls but profit rises at Universal Orlando

0
0

Attendance at Universal Orlando plummeted during the second quarter of the year, but deep cost-cutting helped the resort boost overall profit by nearly 30 percent.

Universal said Thursday that it earned $27.1 million during the three months ended June 28, up 29 percent from the same period last year.

The gain came even though attendance for the quarter dropped 14 percent from a year ago and sales fell 11 percent to $215.7 million, which Universal blamed on the global economic downturn.

A key factor: Universal slashed operating costs by nearly 17 percent – about $33 million in total — to $164.4 million. Nearly half of the savings came from reduced spending on marketing and other management-imposed cost-cutting initiatives.

More here.


Viewing all articles
Browse latest Browse all 6

Latest Images

Trending Articles





Latest Images