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Universal Hollywood accommodating Potter fanatics with new variable pricing strategy
POSTED 03 Feb 2016 . BY Tom Anstey
Hollywood’s Wizarding World has been under development for the past five years, with the highly anticipated attraction scheduled to open on 7 April Credit: Universal Studios Hollywood
In anticipation of the arrival of its Wizarding World of Harry Potter attraction, Universal Studios Hollywood is preparing to introduce a variable pricing strategy for the park, becoming the first major theme park in the US to do so.

The pricing strategy – which sees consumers pay less to enter during quiet times of the year but more during peak trading periods – is likely to end up in more theme parks across the US in the not-too-distant future, with the likes of Disney asking annual US theme park pass holders their opinion on such a payment system. Disney already uses variable pricing at its Paris theme park, which varies between US$85 (€78, £59) and US$101 (€93, £70) depending on the day.

The new pricing strategy by Universal would mean entry to the California theme park would remain at US$95 (€87, £66). If visitors book online for low-demand days they can save as much as US$20 (€18, £14). Booking online on a peak day will also produce a saving, but only of US$5 (€4.60, £3.50). The park isn’t currently increasing its maximum entry price, though that could change in the future.

Part of the idea behind the strategy is to help manage park operations. With people buying online, park management can get get a clearer idea of daily attendance in advance.

With Harry Potter expected to spike visitor numbers at the park, Universal hopes its new fluctuating pricing strategy will help to spread out attendance spikes through the year, mitigating quieter periods and ensuring fewer guests are turned away at peak times.

Hollywood’s Wizarding World has been under development for the past five years, with the highly anticipated attraction scheduled to open on 7 April. Universal has achieved exceptional theme park attendance and profit growth on the back of Potter attractions at Universal’s parks in Orlando and Japan.

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Universal Studios Hollywood has released a teaser video to get fans excited about the upcoming opening of the Wizarding World of Harry Potter at the Los Angeles, California park.
  Harry Potter drives attendance as Universal racks up record numbers for Q3


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Harry Potter has been a resounding success for Universal’s theme parks, after the boy wizard helped the company rake in millions of dollars in revenue for the first half of 2015.
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Jobs    News   Products   Magazine
NEWS
Universal Hollywood accommodating Potter fanatics with new variable pricing strategy
POSTED 03 Feb 2016 . BY Tom Anstey
Hollywood’s Wizarding World has been under development for the past five years, with the highly anticipated attraction scheduled to open on 7 April Credit: Universal Studios Hollywood
In anticipation of the arrival of its Wizarding World of Harry Potter attraction, Universal Studios Hollywood is preparing to introduce a variable pricing strategy for the park, becoming the first major theme park in the US to do so.

The pricing strategy – which sees consumers pay less to enter during quiet times of the year but more during peak trading periods – is likely to end up in more theme parks across the US in the not-too-distant future, with the likes of Disney asking annual US theme park pass holders their opinion on such a payment system. Disney already uses variable pricing at its Paris theme park, which varies between US$85 (€78, £59) and US$101 (€93, £70) depending on the day.

The new pricing strategy by Universal would mean entry to the California theme park would remain at US$95 (€87, £66). If visitors book online for low-demand days they can save as much as US$20 (€18, £14). Booking online on a peak day will also produce a saving, but only of US$5 (€4.60, £3.50). The park isn’t currently increasing its maximum entry price, though that could change in the future.

Part of the idea behind the strategy is to help manage park operations. With people buying online, park management can get get a clearer idea of daily attendance in advance.

With Harry Potter expected to spike visitor numbers at the park, Universal hopes its new fluctuating pricing strategy will help to spread out attendance spikes through the year, mitigating quieter periods and ensuring fewer guests are turned away at peak times.

Hollywood’s Wizarding World has been under development for the past five years, with the highly anticipated attraction scheduled to open on 7 April. Universal has achieved exceptional theme park attendance and profit growth on the back of Potter attractions at Universal’s parks in Orlando and Japan.

RELATED STORIES
Warner Bros Studio Tour celebrates 15 years of Harry Potter with full calendar of special events


The Warner Brothers Studio Tour London – The Making of Harry Potter, has lined up a host of special events for 2016 as the visitor attraction celebrates 15 years since the release of the first Harry Potter film.
Universal Studios Hollywood releases teaser tour of Harry Potter world


Universal Studios Hollywood has released a teaser video to get fans excited about the upcoming opening of the Wizarding World of Harry Potter at the Los Angeles, California park.
Harry Potter drives attendance as Universal racks up record numbers for Q3


Universal has continued its theme park growth spearheaded by Harry Potter, with parent company Comcast reporting record attendance at its theme parks in Orlando and California.
Harry Potter drives success for Universal as Comcast records huge earnings for Q2


Harry Potter has been a resounding success for Universal’s theme parks, after the boy wizard helped the company rake in millions of dollars in revenue for the first half of 2015.
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KX Chelsea invests £15 million to upgrade its wellness offering
Premium London health club, KX Chelsea, will imminently unveil its most significant redevelopment since its launch in 2002 to create an integrated wellness model combining training, recovery and relaxation.
Researchers identify a drug which reduces muscle loss when using GLP-1 medications
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Tel: +44 (0)1462 431385

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