It looks like SeaWorld continues its impressive recovery from the COVID-19 Pandemic with some good news about attendance, guest spending and more. Though attendance was down from 2019 highs, it looks like the company is closing the gap on the post-COVID drop in attendance.
During the most recent quarter, SeaWorld-owned parks welcomed 7.2 million guests, up 5.7 million from the same quarter last year. However, when compared to the third quarter of 2019, attendance was down 11%. However, it looks like SeaWorld may be on its way to being fully recovered by the end of the year, especially as international travel restrictions are lifted, as SeaWorld executives have previously said visitors from abroad make up around 10% of usual park attendance.
In addition to the boost in attendance, the all-important in-park spending metric also saw big growth during the most recent fiscal quarter, beating levels from both 2020 and 2019. Marc Swanson, CEO of SeaWorld Entertainment released the following statement about the park group's most recent financial results:
"Our third-quarter financial performance would have been even better if not for the limited international guest and group-related attendance, an unfavorable calendar shift and a record number of weather-impacted days for our parks in the third quarter."
You can check out SeaWorld's full financial report here. Are you surprised that SeaWorld is bouncing back so quickly?