![]() “Changing climate conditions could add to the frequency and severity of natural disasters and create additional uncertainty.” ![]() “The series of extreme weather events experienced in recent years presents an alarming trend,” SeaWorld said. SeaWorld warns in its annual report to investors that extreme weather events could cause it to “incur significant costs.” The company has been hit hard by extreme weather in recent years that have caused park closures and attendance drops in Florida, Texas and Virginia. The decline was “primarily due to significantly adverse weather,” including rainfall and the fallout from Canadian wildfires, SeaWorld’s finance chief James Forrester said. SeaWorld ( SEAS) attendance fell 2% last quarter from the same time a year prior as fewer people visited its outdoor water parks. ![]() “Attendance isn’t just driven by the weather in the moment,” but the weather when customers buy tickets months in advance, Brian Witherow, Cedar Fair’s chief financial officer, said on an earnings call last month. Golding has lowered his estimates for the theme park industry because of growing risks from extreme weather.Ĭedar Fair ( FUN), which also owns Canada’s Wonderland in Ontario and Knott’s Berry Farm in California, said that Canadian wildfires and extreme heat in California impacted attendance by 300,000 visits during its latest quarter. “Weather was the clear driver of weakness in the period across regional theme parks,” Paul Golding, an analyst at Macquarie Research, said in a note to clients. Theme parks are building indoor rides and changing ticket policies to respond to brutal weather conditions. These attractions are dependent on weather and climate change poses significant risks to their businesses. 'Nobody was there': What's behind the summer slump at Disney World and Universal Orlando The Magic Kingdom park at the Walt Disney World Resort in Bay Lake, Florida on June 12 early afternoon.
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