Makes sense. HFEC has historically dialed things way back during economic upheavals. Back in 2008 they delayed Riverblast a year to control costs and due to falling visitor counts that year. They've also famously pulled the plug on things quickly rather than sending good money after bad (Celebration City, numerous small brands and water park ownerships, etc).
They're obviously a much larger company now, but I imagine they are still pretty fiscally cautious around economic forecasts. Hard to say what the near term outlook is, but inflation is really biting people and everyone is cutting back. I know a lot of people are eating out a lot less. Entertainment will the next thing to cut...
I imagine most of HFEC's revenue comes from domestic tourism, but they do have some parks in the NE now that are going to be impacted from the fall of Canadian tourism. Domestic tourism to SDC and DW *could* see a small upswing if people opt for "staycations" instead of going to Florida or overseas. Hard to say, but I'd be nervous opening a massive new resort with these market headwinds right now.
They're obviously a much larger company now, but I imagine they are still pretty fiscally cautious around economic forecasts. Hard to say what the near term outlook is, but inflation is really biting people and everyone is cutting back. I know a lot of people are eating out a lot less. Entertainment will the next thing to cut...
I imagine most of HFEC's revenue comes from domestic tourism, but they do have some parks in the NE now that are going to be impacted from the fall of Canadian tourism. Domestic tourism to SDC and DW *could* see a small upswing if people opt for "staycations" instead of going to Florida or overseas. Hard to say, but I'd be nervous opening a massive new resort with these market headwinds right now.