Universal Orlando matches Disney price hike, reports 32% higher profit
Posted August 14, 2007, 9:49A |
Contributed by Jeff
The same day it reported a rise in corporate profits and a continued slide in theme-park attendance, Universal Orlando raised many of its ticket prices Friday, matching Walt Disney World's $71 for a one-day adult admission. The price hikes were announced shortly before the resort's parent company, Universal City Development Partners, filed its second-quarter financial statement, which reflected a 2.5 percent drop in attendance but a 32.2 percent rise in operating profit for the three-month period that ended July 1.
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