SeaWorld Parks & Entertainment is making progress in its foray into the hotel business.
During the company's second-quarter earnings call on Thursday, CEO Marc Swanson said the company is moving forward with its plan to open hotels near its parks.
"We continue to make progress with our plans to design and build hotels to complement our park offerings," he said. "We have engaged multiple consultants and industry resources to evaluate a number of site and facility concepts as we further develop our strategies."
More details are forthcoming, Swanson said.
Meanwhile, the company reported a 7.8% year-over-year rise in park attendance. SeaWorld's 12 parks welcomed 6.23 million guests, up from 5.81 million last year but down 3.1% from the second quarter of 2019.
Attendance from international visitors and groups is still down but improving, Swanson said. He estimated that international visits are down about 50%, while group visits are down somewhere in the teens percentage-wise. The parks are also affected by inflationary pressure, but Swanson said that is beginning to moderate.
Revenue in the second quarter reached $504.8 million, up 14.8% from the second quarter of 2021, when the company recorded $439.8 million in revenue.
Net income was $111.6 million, down 8.7% from a year earlier.