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US amusement parks focusing on family, new investments to win back cash-strapped consumers
Fox Business· 2025-11-24 18:57
Industry Overview - U.S. amusement park revenues have decreased nearly 2% year over year, following several years of steady growth post-pandemic, indicating a shift in consumer spending behavior [1] - Disney reported a decline in attendance at its domestic parks for the fiscal year ending in September, reflecting broader industry challenges [1] Consumer Behavior - Families are becoming more cost-conscious and selective in their vacation choices, prompting operators to innovate and invest in new attractions [4] - Operators are focusing on family-centered attractions and high-profile partnerships with major entertainment brands and gaming franchises to attract visitors [4][5] New Attractions and Investments - Universal's Epic Universe park is leveraging Nintendo's brand to create a flagship land, aiming to attract fans of its games and films [5] - Legoland has announced a $90 million "design-your-own-coaster" attraction, allowing kids to customize their ride experience with numerous combinations [8] - Dollywood introduced a $50 million NightFlight Expedition, the world's first family hybrid coaster and whitewater raft ride, enhancing its competitive edge against Disney and Universal [10][12] - Six Flags is investing in its new "Tormenta" coaster in Texas, which will set multiple world records upon opening in 2026, emphasizing the thrill-seeking demographic [13][14] Industry Adaptation - Despite rising prices, operators are implementing discounts and perks to maintain attendance, such as Disney's "free dining plan" promotions and hotel deals [16] - The industry is adapting to economic challenges by offering varied price points and annual passes to attract visitors [17]