Disney World, Rivals Shine on Labor Day Weekend
It's been a busy holiday weekend at Central Florida's theme parks. Crowds and long lines are historically the norm in this industry over Labor Day weekend, but in this very unusual year after a very unusual summer, it has to feel good for Walt Disney (NYSE: DIS), Universal Orlando parent Comcast (NASDAQ: CMCSA), and SeaWorld Entertainment (NYSE: SEAS) to give the impression that they're succeeding.
All of Universal Orlando's theme parks had to turn guests away a couple of hours after opening on Saturday. They had hit their daily guest capacity levels, something that hasn't happened at Comcast's Universal Studios Florida and Islands of Adventure since they reopened to visitors three months earlier. The same scenario also played out on Sunday. Social media reports out of SeaWorld Orlando and all four of Disney World's theme parks also played up substantial crowds, and long wait time for rides on their apps bear that out. At first glance, it may seem as if the industry is back to business as usual, but shareholders and theme park fans may not want to celebrate too soon.
Image source: SeaWorld Entertainment.
Source Fool.com
