SeaWorld announces poor Q1 results for 'transitional' 2016

Despite making a number of positive moves to redefine itself as a park that cares and one that wants to create memorable experiences, SeaWorld suffered a disappointing first quarter, with CEO Joel Manby saying he expects the trend to continue through the year.

The positive for SeaWorld is the company did increase attendance in its park compared to the same period in 2015 by 2.6 percent - 3.3 million for the quarter. Despite this, the company posted a quarterly loss, of US$84m (€74m, £58m), an increase compared with the year earlier loss of US$43.6m (€38m, £30m).

Under much public pressure, SeaWorld said in March that it would stop breeding orcas and cease its theatrical shows, a dramatic shift but one that won’t be happening quickly as the company has 30 killer whales with a life expectancy as high as 50 years.

"Our March announcement to end all orca breeding and transition our theatrical shows toward more natural orca encounters, as well as our new partnership with the Humane Society of the United States, were transformational decisions that we expect should contribute to an improvement in performance over time, as consumers begin to recognise our continued commitment to providing them experiences that matter," said Joel Manby, who added that 2016 was a “transitional year” for the operator.

SeaWorld  Blackfish  orca  Joel Manby  stocks  aquariums  theme parks 
Related stories
18 Apr 2016

Former SeaWorld CEO Jim Atchison leaves company in board shakeup

21 Mar 2016

Analysts predict SeaWorld shares will jump more than 50 per cent in the next year

17 Mar 2016

SeaWorld ending orca captivity at its parks

01 Mar 2016

SeaWorld stems tide of attendance and revenue decline; firms up plans for Middle East expansion

23 Feb 2016

SeaWorld plans major aquarium-based attraction for San Diego theme park

Despite making a number of positive moves to redefine itself as a park that cares and one that wants to create memorable experiences, SeaWorld suffered a disappointing first quarter, with CEO Joel Manby saying he expects the trend to continue through the year. The positive for SeaWorld is the company did increase attendance in its park compared to the same period in 2015 by 2.6 percent - 3.3 million for
TAW,VAT
SeaWorld vowed to end orca breeding at its parks in March but CEO Joel Manby expects it to be years before it has a positive effect on the operator's finances
More news
News stories: 1 - 30 of 7786     
 
 
 
News stories: 1 - 30 of 7786     
 
 
 
company profile
Company profile: Alliance Leisure
The company’s core business is the provision of facility development and support for local authorities, educational establishments and leisure trusts that want to improve or expand the leisure products and services they offer.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
features
AEW Architects designed the hotel, which features contemporary design and bold colours
Giggs, Scholes, Butt, and Gary and Phil Neville are behind the project
"When we dreamt of building the first Hotel Football, we knew exactly what we wanted it to be"

The next phase for the Manchester sport-themed hotel

The city will feature a huge range of cultural, sporting, retail and leisure facilities
Andreas Klok Pedersen
"I say no more than yes. You need both sides – people presenting ideas and people not afraid to say if the idea isn’t good."

Discovering new talent and saying no

BIG’s design for Google’s Charleston East Campus aims to foster a sense of community
Daniel Sundlin
"What defines BIG’s style of visual communication is that our diagrams clearly capture the essence of our projects, meaning that it’s very easy for people who don’t know our projects well to understand them."

The vision for Google's UK and US HQs

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
features
Hotel EMC2 is part of Marriott’s Autograph Collection, where no two hotels are the same
"Millennials are pushing us architects to design hotels with distinct personalities"

Sameness is out, authenticity is in when it comes to designing for millennials says Greg Keffer

Koen Olthuis. His Blue Habitat project is an arficial coral reef aiming to raise awareness
"You could have cultural events and museums that go from city to city. It’s a new way of thinking"

Rising sea levels and a shortage of land are leading to increased interest in floating buildings. We take a look at some fascinating projects

Beckham is determined to bring MLS soccer to the city of Miami
Beckham has purchased the land he needs for a stadium
"Now’s the time for MLS to move forward in helping us deliver the soccer club that Miami has been waiting for"

Miami soccer stadium land sale gets approval

The transclucent façade lets light in and acts as a sound insulator and a canvas for displaying art
"We were constantly having to invent new solutions to problems, as we were working with old ruins, a low budget and high ambitions"

Across Denmark, a charity is turning industrial buildings into centres for street sport and art. As the concept prepares to go global, we speak to the people making it happen

cladkit product news
Mather & Co and ITV unite to create Coronation Street Experience
Mather & Co has transformed the visitor centre into the ultimate haven for ardent Coronation Street viewers
Magali Robathan
Experience designers, Mather & Co, have orchestrated a remarkable collaboration with ITV to unveil the new Coronation Street Experience, a ...
CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
The event will allow buyers and suppliers to meet
Magali Robathan
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo ...
Siminetti unveils iridescent decorative panelling range inspired by plants
The Clematis design
Megan Whitby
The Botanicals is Siminetti’s newest Mother of Pearl decorative panelling collection, inspired by the distinctive patterns found in botany and ...
cladkit product news
Alberto Apostoli and Newform collaborate to launch the A.Zeta showerhead
The showerhead offers two modes; rainfall or waterfall
Megan Whitby
Italian architect Alberto Apostoli has renewed his partnership with Newform – an Italian wellness company – and designed A.Zeta. A.Zeta ...
Eden project uses drones to spell out climate change warning
Magali Robathan
Almost 300 drones were used to signal an environmental message above the Eden Project’s biomes, during the UN Climate Change ...
Alberto Apostoli designs tech-forward Wellness Therapy furniture collection for Varaschin
The furniture collection draws on absolute geometries, pure lines, neutral colours and strong references to nature
Megan Whitby
Furniture manufacturer Varaschin has unveiled the new Wellness Therapy range, designed by Italian spa and wellness architect and designer Alberto ...
cladkit product news
Eco Resort Network conference to convene in Mauritius this May
The event will be hosted in the Mauritius in 2024
Megan Whitby
Hospitality industry event Eco Resort Network is set to take place at the Ravenala Attitude Hotel, Turtle Bay, Mauritius, from ...
Koto Design introduces wood-fired hot tub
Koto is known for crafting modular, energy-neutral cabins and homes
Katie Barnes
A striking wood-fired hot tub has been unveiled by Koto, an architecture and design studio which has a passion for ...
Codelocks develops new glass door smart lock
The new lock model allows facilities and building managers to create and manage access via an app or online portal
Megan Whitby
Codelocks has launched its first glass door smart lock to bring intelligent access control to modern spa, leisure, fitness and ...
x
Sign up with CLAD for regular news updates