logo
Smaller Amusement Parks Hope for a Strong Summer Under the Shadow of Tariffs

Smaller Amusement Parks Hope for a Strong Summer Under the Shadow of Tariffs

Al Arabiya16-06-2025

The trade disputes involving global economic powerhouses such as the US and China are being felt even in distinctly local places like regional amusement parks. Families who balk at the cost of a summer vacation at big amusement parks like Disney World favor trips to regional parks, which typically are within driving distance so expensive flights aren't necessary. But if tariffs lead to economic uncertainty, they may just stay home. For park owners, tariffs could mean extra costs that their customers might not think about.
Parts of the rides are made of imported steel that's currently subject to tariffs. Those prizes and toys people win after they shoot basketballs into a hoop? They usually come from China, which has been subject to varying tariffs. So far this year, however, there's been no letdown. 'We've had good crowds and everyone seems excited to be here,' said Brian Hartley, vice president of Playland's Castaway Cove in Ocean City, New Jersey, which boasts 30 rides, miniature golf, go-karts, and other beachfront attractions. 'As long as the weather is good, they're ready to come down.'
That's true for park-goer Chris Del Borrello at Castaway Cove on a bustling June Friday evening with a group of 10 family members, including his four children. 'We come here every year because it's so fun and we build memories every single summer,' he said. Tariffs loom over the summer tourism industry just as leisure travel is expected to finally get back to pre-pandemic levels. The US Travel Association expects Americans to take 1.96 billion trips this year, up two percent from 1.92 billion last year. Travel spending is also expected to increase two percent year over year.
As park operators prepared for the 2025 summer last year, President Donald Trump unrolled on-again, off-again tariffs against US trade partners that made planning difficult. For instance, proposed tariffs against China started at ten percent in February, rose to twenty percent in March, ballooned to 145 percent in April, and were reduced to thirty percent in May. On Wednesday, the Trump administration put the number at fifty-five percent.
Hartley said he ordered items like stuffed animals for games from China early to beat the tariffs–and benefited from the pause announced in May. 'We loaded up; we're tripping over stuff at this point,' he said. 'We tried to purchase as much stuff as we could to be ready for the season because that little bit makes a big difference in the bottom line at the end of the day,' he said.
In particular, the park added two new rides this year, but parts were delivered back in the fall. Not all parks were as fortunate. At Adventureland in Farmingdale, New York, the steel structure for a new ride, Wave Twister, and some China-made game prizes like plush toys and basketballs were affected by tariff costs, said manager Jeanine Gentile. 'We ordered them months ago before the tariffs were in place, but they typically arrive for delivery at this time of the year, and so obviously the tariffs were in before we received the product,' she said. 'We did have to pay additional for those tariffs in order to get the product.'
So far, the park is absorbing the cost–they made the decision not to raise ticket prices this year. But that could change next year. 'We've just sort of felt that if we can do this (not raise prices) for Long Island and for our guests, let's do it where we can afford it, at least for this season,' said Gentile.
Aside from tariffs, economic uncertainty is the biggest challenge for amusement parks this season. At Dollywood in Pigeon Forge, Tennessee, which is co-owned by country legend Dolly Parton and Herschend Family Entertainment, Director of Communications Pete Owens said they decided to open a week later in March due to concerns about the economy. But so far, attendance at the park nestled in the Great Smoky Mountains is up four percent from last year. Attendees are spending but looking for deals. A promotion giving discount tickets to public employees has proved popular. And Owens is seeing customers purchase tickets for their family closer to their actual visit instead of several days or weeks in advance. Some are even waiting until they're in the Great Smoky Mountains to decide to buy a ticket.
'I think they're all still looking very closely to see what value pricing there is or what opportunities there are,' he said. The same holds true at Silver Dollar City near Branson, Missouri, an 1880s Western-themed park which draws its visitors from what president Brad Thomas calls 'America's heartland,' an oval in the middle of the country including Minneapolis, Denver, Memphis, and Houston, Texas.
'What those families tend to say as they visit us is that they want their families just to escape, even though there's a lot of concerns in every family's life; they're all dealing with time pressure and money pressure and inflation pressure and all kinds of other things,' said Thomas. He said this year families coming to the park are sticking to a plan, moneywise. 'They have carved the money that they'll spend in their day with us or their days with us,' he said. 'They've planned that into their budget.'
Back at Castaway Cove, Hartley said that while the season is going well, he worries about the mood of the consumer as economic uncertainty persists. That could affect trip planning later in the summer. 'People that really haven't already booked a vacation … it may affect do they come down here for a weekend? Do they not? Do they come for two days instead of four or five days?' he said. 'I think people don't know what the future is going to hold.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Warren Buffett donates record $6 billion Berkshire shares
Warren Buffett donates record $6 billion Berkshire shares

Al Arabiya

time9 hours ago

  • Al Arabiya

Warren Buffett donates record $6 billion Berkshire shares

Warren Buffett donated on Friday another $6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago. The donation of about 12.36 million Berkshire Class B shares boosted Buffett's overall giving to the charities to well over $60 billion. He donated 9.43 million shares to the Gates Foundation; 943,384 shares to the Susan Thompson Buffett Foundation; and 660,366 shares to each of three charities led respectively by his children Howard, Susie, and Peter: the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation. Warren Buffett still owns 13.8 percent of Berkshire's stock, based on reported shares outstanding. His $152 billion net worth prior to Friday's donations made him the world's fifth-richest person, according to Forbes magazine. Buffett would rank sixth after the donations, which surpassed the $5.3 billion he donated last June. He donated another $1.14 billion to the family charities last November. In a statement, Buffett maintained he does not intend to sell any Berkshire shares. Now 94, Buffett began giving away his fortune in 2006. He changed his will last year, designating 99.5 percent of his remaining fortune after his death to a charitable trust overseen by his children. They will have about a decade to distribute the money, and must decide where it goes unanimously. Susie Buffett is 71, Howard Buffett is 70, and Peter Buffett is 67. Warren Buffett has led Omaha, Nebraska-based Berkshire since 1965. The $1.05 trillion conglomerate owns close to 200 businesses including Geico car insurance and the BNSF railroad, and dozens of stocks including Apple and American Express. Susie Buffett leads the Susan Thompson Buffett Foundation, which funds reproductive health and is named for her mother, who was Warren Buffett's first wife. The Sherwood Foundation supports Nebraska nonprofits and early childhood education. The Howard G. Buffett Foundation focuses on global hunger, combating human trafficking and mitigating conflicts. The NoVo Foundation has initiatives focused on marginalized girls and women, and on indigenous communities. Buffett said last June that donations to the Gates Foundation would end when he dies.

Senators Prep for a Weekend of Work to Meet Trump's Deadline for Passing His Tax and Spending Cuts
Senators Prep for a Weekend of Work to Meet Trump's Deadline for Passing His Tax and Spending Cuts

Al Arabiya

time9 hours ago

  • Al Arabiya

Senators Prep for a Weekend of Work to Meet Trump's Deadline for Passing His Tax and Spending Cuts

The Senate is expected to work through a rare weekend session as Republicans race to pass President Donald Trump's package of tax breaks and spending cuts by his July Fourth deadline. Republicans are using their majorities in Congress to push aside Democratic opposition, but they have run into a series of political and policy setbacks. Not all GOP lawmakers are on board with proposals to reduce spending on Medicaid, food stamps, and other programs as a way to help cover the cost of extending some $3.8 trillion in Trump tax breaks. The 940-page bill was released shortly before midnight Friday. Senators were expected to take a procedural vote Saturday to begin debate on the legislation, but the timing was uncertain, and there is a long path ahead with at least 10 hours of debate time and an all-night voting session on countless amendments. Senate passage could be days away, and the bill would need to return to the House for a final round of votes before it could reach the White House. 'It's evolving,' said Senate Majority Leader John Thune, R-S.D., as he prepared to close up the chamber late Friday. The weekend session could be a make-or-break moment for Trump's party, which has invested much of its political capital on his signature domestic policy plan. Trump is pushing Congress to wrap it up even as he sometimes gives mixed signals allowing for more time. At recent events at the White House, including Friday, Trump has admonished the grandstanders among GOP holdouts to fall in line. 'We can get it done,' Trump said in a social media post. 'It will be a wonderful celebration for our country.' The legislation is an ambitious but complicated series of GOP priorities. At its core, it would make permanent many of the tax breaks from Trump's first term that would otherwise expire by year's end if Congress fails to act, resulting in a potential tax increase on Americans. The bill would add new breaks, including no taxes on tips, and commit $350 billion to national security, including for Trump's mass deportation agenda. But the spending cuts that Republicans are relying on to offset the lost tax revenues are causing dissent within the GOP ranks. Some lawmakers say the cuts go too far, particularly for people receiving health care through Medicaid. Meanwhile, conservatives worried about the nation's debt are pushing for steeper cuts. Sen. Thom Tillis, R-N.C., said he is concerned about the fundamentals of the package and will not support the procedural motion to begin debate. 'I'm voting no on the motion to proceed,' he said. Sen. Ron Johnson, R-Wis., pushing for deeper cuts, said he needed to see the final legislative text. The release of that draft had been delayed as the Senate parliamentarian reviewed the bill to ensure it complied with the chamber's strict Byrd Rule, named for the late Sen. Robert C. Byrd, It largely bars policy matters from inclusion in budget bills unless a provision can get 60 votes to overcome objections. That would be a tall order in a Senate with a 53–47 GOP edge and Democrats unified against Trump's bill. Republicans suffered a series of setbacks after several proposals were determined to be out of compliance by the chief arbiter of the Senate's rules. One plan would have shifted some food stamp costs from the federal government to the states; a second would have gutted the funding structure of the Consumer Financial Protection Bureau. But over the past days Republicans have quickly revised those proposals and reinstated them. The final text includes a proposal for cuts to a Medicaid provider tax that had run into parliamentary objections and opposition from several senators worried about the fate of rural hospitals. The new version extends the start date for those cuts and establishes a $25 billion fund to aid rural hospitals and providers. Most states impose the provider tax as a way to boost federal Medicaid reimbursements. Some Republicans argue that is a scam and should be abolished. The nonpartisan Congressional Budget Office has said that under the House-passed version of the bill some 10.9 million more people would go without health care and at least 3 million fewer would qualify for food aid. The CBO has not yet publicly assessed the Senate draft, which proposes steeper reductions. Top income-earners would see about a $12,000 tax cut under the House bill, while the poorest Americans would face a $1,600 tax increase, the CBO said. One unresolved issue remains the so-called SALT provision, a deduction for state and local taxes that has been a top priority of lawmakers from New York and other high-tax states. The cap is now $10,000. The White House and House Republicans had narrowed in on a plan for a $40,000 cap, but for five years instead of 10. Republican senators say that's too generous. At least one House GOP holdout, Rep. Nick LaLota of New York, said he cannot support the compromise. Senate Democratic leader Chuck Schumer of New York said Republicans are rushing to finish the bill before the public fully knows what's in it. 'There's no good reason for Republicans to chase a silly deadline,' Schumer said. House Speaker Mike Johnson, who sent his colleagues home for the weekend with plans to be on call to return to Washington, said they are very close to finishing up. 'We would still like to meet that July Fourth self-imposed deadline,' said Johnson, R-La. With the narrow Republicans majorities in the House and Senate, leaders need almost every lawmaker on board to ensure passage. Johnson and Thune have stayed close to the White House, relying on Trump to pressure holdout lawmakers.

Tech firms warn ‘Scattered Spider' hacks are targeting aviation sector
Tech firms warn ‘Scattered Spider' hacks are targeting aviation sector

Al Arabiya

time11 hours ago

  • Al Arabiya

Tech firms warn ‘Scattered Spider' hacks are targeting aviation sector

Tech companies Google and Palo Alto Networks are sounding the alarm over the 'Scattered Spider' hacking group's interest in the aviation sector. In a statement posted on LinkedIn on Friday, Sam Rubin, an executive at Palo Alto's cybersecurity-focused Unit 42, said his company had 'observed Muddled Libra (also known as Scattered Spider) targeting the aviation industry.' In a similar statement, Charles Carmakal, an executive with Alphabet-owned Google's cybersecurity-focused Mandiant unit, said his company was 'aware of multiple incidents in the airline and transportation sector which resemble the operations of UNC3944 or Scattered Spider.' Neither executive identified which specific companies had been targeted, but Alaska Air Group-owned Hawaiian Airlines and Canada's WestJet have both recently reported being struck by unspecified cyber incidents. Neither company has gone into detail about the intrusions or commented on any potential links between the incidents and Scattered Spider. The loose-knit but aggressive hacking group, alleged to at least in part comprise youngsters operating in Western countries, has been blamed for some of the most disruptive hacks to hit the United States and Europe in recent memory. In 2023, hackers tied to the group broke into gaming companies MGM Resorts and Caesars Entertainment, partially paralyzing casinos and knocking slot machines out of commission. Earlier this year, the group wreaked havoc at British retailers. More recent targets include the US insurance industry.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store