Inundated theme parks turn away visitors
It's good news for Disney, Comcast and Marriott, among others.
As the AFP noted, "visitors to Legoland, The Wizarding World of Harry Potter and three Disney destinations found parking lots and entryways shut for short periods Wednesday and Thursday as the Orlando area enjoys record numbers of tourists."
The question is how long the crowds will last for Walt Disney (DIS), the largest theme park operator; Comcast (CMCSA), whose Universal Orlando resort features The Wizarding World of Harry Potter; and Marriott (MAR) and other hotel chains.
According to official tourist site Visit Orlando, total visitation (domestic and international arrivals) is expected to increase 1.8% to 54.3 million people in 2012. That's down from the 3.7% increase forecast for 2011.
But the cheap dollar is encouraging more international tourists. Visit Orlando forecasts that 4 million overseas visitors will come to the region next year, up 4.2% from 2011. That surpasses the 3.8% gain expected this year. Domestic visitation is expected to jump 3.7% to 49.6 million in 2011 and rise 1.6% in 2012 to an estimated 50.4 million visitors.
The outlook in other tourism meccas is similar. The U.S. Travel Association expects total travel expenditures to rise 3.2% in 2012 versus 7.5% in 2011. Officials in Hawaii expect visitor arrivals to increase 3.4% in 2012 from the 2.5% increase expected in 2011. Visitor expenditures are expected to jump 5.6% next year, down from 13.1% this year.
Data from the University of Nevada Las Vegas forecasts that 38.7 million visitors will visit Sin City in 2011, up 3.8% from a year ago. That figure will hit 40.1 million in 2012, a similar increase over 2011.
Signs are emerging that after the worst economic decline since the Great Depression, Americans are looking to kick back and relax. But they are not willing to spend big bucks to do it until they see more evidence that the recovery is sustainable.
-- Jonathan Berr does not own any shares of the listed stocks.
The price the parks charge nowadays only people from across the pond, Europe and China can afford to go there.
Unless one lives in the State the park is in and gets a yearly pass.
ESPN is NOT entertainment.
I think people are not going to let it get taken away from them..I booked a hotel in my own city...not cheap and and spent over $600 on Christmas Eve and Christmas dinner.. would never have thought of doing that before now but this Christmas was the best in my 68 years and didnt include any presents..My city would be proud of me not
spending all that money somewhere else..in fact speaking to people...there were alot of locals doing the same thing..Disney is great and I know they are making alot of sad people happy this Christmas...no one knows
what tomorrow will bring...Happy New Year..cos we need it
I thought Mickey Mouse was working in D.C..I could have sworn he would rather play all day than do any real work!Then again,Goofy,and friends aren't getting much done on Capitol Hill either.Oh well,America couldn't care less,as long as the gravy train keeps coming.
Not sure, but I think 'We Americans' are going to vote for the person 'we' believe is best for this country. Thanks for the input though.
Disney was created for family fun, to bring families together, to make good memories with our families. That is not evil. Families that go to enjoy time together are not lemmings, they are people like you and I wanting to enjoy life. They choose to do so at a theme park, creating good times with their loved ones. Nothing wrong with that.
Artiell, your disrespect for others, name calling, and obvious disdain for anyone that doesn't beleive the way you do says otherwise. I feel sorry for you.
see what we're dealing with here people. Did "YOU" bother to look at a map. Do you know any history at all? I will refrain from calling you anything but ignorant of history and geography. While you are studying take a look where socialism/communism lead by another socialist nutjob named Jim Jones landed 909 people in jonestown GUYANA, South America in 1978. My bubble seems to be intact ,thank you. it seems yours may have burst though.
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