In this episode, Philip and Scott discuss the latest findings from the IAAPA Q3 2024 Quarterly Outlook Survey, exploring how theme parks are navigating a challenging landscape of reduced capital, labor shortages, and shifting consumer behaviors. With per-capita spending fluctuating and North American parks lagging in recovery, we explore the role of creativity and innovation in keeping attractions engaging. We also connect insights from the TEA/AECOM Global Attractions Attendance Report and Disney's earnings call to comprehensively examine the industry's future.
00:00 - Introduction and Overview
01:45 - IAAPA Q3 2024 Report Highlights
04:30 - Comparing IAAPA and TEA/AECOM Reports
07:15 - The Impact of Staffing Shortages
09:40 - Trends in Per Capita Spending
12:00 - Creativity in the Face of Budget Cuts
14:20 - Regional Variations in Recovery
17:00 - Disney's Perspective on Park Recovery
20:15 - Lessons for Seasonal Attractions
22:45 - Final Thoughts and Takeaways
