SeaWorld Slashes Park Ticket Prices

by Christopher Freeburn | August 29, 2013 9:42 am

seaworld sea world shamu 630 300x225 SeaWorld Slashes Park Ticket Prices[1]Faced with dwindling park attendance, SeaWorld Entertainment (SEAS[2]) is offering visitors big discounts on certain days[3]. Shares of SeaWorld surged more than 4% in Thursday morning trading, after falling sharply on Wednesday.

Visitors to its SeaWorld park in Orlando, who purchase tickets online, can get a 46% discount on admittance to the park on weekdays. It’s San Diego park will give a free children’s ticket, worth $71, along with any midweek purchase of an adult park pass, Bloomberg notes.

The company, which operates 11 theme parks in five states, said that park attendance dropped 9% during the second quarter. That meant 600,000 fewer people visited the parks compared to the same time last year. Company revenue slipped 3.4% to $411.3 million during the quarter. SeaWorld also trimmed its earnings forecast for the year by $10 million.

Falling park traffic came after SeaWorld hiked ticket prices earlier in the year. It also comes in the wake of controversy surrounding the release of a documentary about the treatment of killer whales at SeaWorld parks.

SeaWorld officials deny any link between the film and park attendance.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/12/seaworld-sea-world-shamu-630.jpg
  2. SEAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=SEAS
  3. big discounts on certain days: http://www.bloomberg.com/news/2013-08-28/seaworld-slashes-park-prices-amid-park-attendance-drop.html

Source URL: http://investorplace.com/2013/08/seaworld-slashes-park-ticket-prices/
Short URL: http://invstplc.com/1fsAnzh