SeaWorld amusement parks offer up close animal encounters as well as

Seaworld amusement parks offer up close animal

This preview shows page 18 - 23 out of 78 pages.

the floorless roller coaster called the Kraken, and the Manta. SeaWorld amusement parks offer up-close animal encounters, as well as educational attractions and innovative entertainment. SeaWorld Parks & Entertainment is a subsidiary of SeaWorld Entertainment, Inc, and is best known for its 11 U.S. theme parks and attractions, which include: SeaWorld San Diego, SeaWorld San Antonio, Busch Gardens Tampa, Adventure Island, Discovery Cove and SeaWorld, Orlando, Water Country USA, Sesame Place & Aquatica SeaWorld employs more than 23,000 team members nationwide (SeaWorld Parks & Entertainment, 2015). Below, in Table 1.6, you will see SeaWorld Entertainment Inc Theme Park Portfolio, which provides a list of all theme parks and their location. Table 1.6 – SeaWorld Entertainment Inc Theme Park Portfolio
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Talent Management Book: Universal Studios Orlando Resort 18 Source: SeaWorld Parks & Entertainment. (2015). Mission “The mission of SeaWorld Entertainment, Inc is to explore, inspire and act as they are a leading theme park and entertainment company that blends imagination with nature and enables, guest to explore, inspire, and act (SeaWorld Parks & Entertainment, 2015).” Financials SeaWorld Entertainment revenue for the 2017 fiscal year was $1.26 billion, compared to $1.34 billion in 2016 (SeaWorld Entertainment, 2017). Their fourth quarter total revenues were $265.5 million compared to last year’s which totaled $267.6 million. In 2017, $20.8 million guests generated total revenues of $1.26 billion. According to SeaWorld reports, the decline in attendance was negatively impacted by the decline in U.S. domestic and international travel, but
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Talent Management Book: Universal Studios Orlando Resort 19 offset by an increase in in-park spending. In 2017 SeaWorld incurred more expenses that the previous year which increased their net loss for the 2017 calendar year. Table 1.7 shows the organization’s 2017 earnings release compared to that of the previous year, showcasing that the three months revenue for 2017 had a variance of 0.8%. Table 1.8 shows the 2017 Fiscal results for the year, showing the overall revenue for 2017 at a 6.0% variance, which is a significant decrease from the 2016 results. Table 1.9 shows a trend in the company’s performance over the last six years. Table 1.10, shows an increase in the company’s price per share reflecting mid- 2017 to now. Table 1.7 – Earning Release S ource: SeaWorld Entertainment. (2017). Investor Relations Table 1.8 – Fiscal 2017 Results
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Talent Management Book: Universal Studios Orlando Resort 20 Source: SeaWorld Entertainment Inc . , (2017). Table 1.9 – Performance Report Source: Industry Background, IBISWORLD (2017) Table 1.10 – Pricing Summary
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Talent Management Book: Universal Studios Orlando Resort 21 Source: SeaWorld Entertainment Inc . (2018). (). Fort Mill: Mergent. Talent management philosophy At SeaWorld Entertainment, employees, also referred to as ambassadors, are the heart and soul of the organization. The company prides itself in believing that “great people and a strong culture” is fundamental in the longevity of a business (SeaWorld Parks & Entertainment, 2017).
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