SeaWorld Orlando is seeing a shortfall in international attendance this year, particularly from Brazil, executives told investors Thursday.
The warning of softness in visitation from abroad came as executives discussed their fourth-quarter earnings. Revenue and attendance increased, but the stock still dropped 9 percent amid concerns about SeaWorld’s overall outlook. The stock closed at $18.01 Thursday.
Other tourist destinations could feel effects of weaker foreign currencies and a stronger U.S. dollar, analysts say — while pointing out that SeaWorld is particularly vulnerable because of its overall problems with declining attendance and controversy over captive killer whales.Read Full
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The warning of softness in visitation from abroad came as executives discussed their fourth-quarter earnings. Revenue and attendance increased, but the stock still dropped 9 percent amid concerns about SeaWorld’s overall outlook. The stock closed at $18.01 Thursday.
Other tourist destinations could feel effects of weaker foreign currencies and a stronger U.S. dollar, analysts say — while pointing out that SeaWorld is particularly vulnerable because of its overall problems with declining attendance and controversy over captive killer whales.Read Full
See Latest: Finance News, Entertainment News, Fashion, Offer
