I got one with a two year deal last September, and it's been a great source of saving. On rooms alone, it's been great,, but the discounts on merchandise in both parks, food, and tickets purchased at the gate, really has paid off. To check the discounts on the hotels, type in APH and compare the prices without it, versus with that discount. I posted all the discounts earlier on another thread, will find it and paste it here for you. The discounts in the shops and restaurents alone makes it a great value for us.
Benefits of 2-Park Preferred Annual Pass:
Valid at Universal Studios® and Islands of Adventure during regular operating hours
Free self-parking each time you visit or pay for 2 hours of Valet and get the rest of the day for free.(Valet based on availability)
Free admission to select special events such as Mardi Gras, Macy's Holiday Parade, and Grinchmas® (discounts on separately ticketed events such as Rock the Universe)
15% savings on 2-and 3-Day Universal Orlando tickets (up to six [6] people, must be purchased at the front gate)
10% savings on 1-Day 1-Park Universal Orlando tickets (up to six [6] people, must be purchased at the front gate)
10% - 15% savings at CityWalk Clubs and Restaurants
15% savings at restaurants (excluding carts and alcohol)
20% savings on the CityWalk Party Pass(sm) (up to four [4] people)
20% savings at Merchandise Stores and Carts
10% savings on VIP Tours
Up to 30% savings at On-Site Resorts (based on availability)
Click for a detailed listing of Preferred Annual Pass discounts.
When you purchase your non-transferable pass online you'll receive a ticket, which can be used for admission at the front gate of either theme park. Once inside the park, proceed to the Vacation Services Center at any time (during your first visit) to have your photo taken and receive your annual pass.
For pass renewals, please call 1-800-564-5764. Pass upgrades must be completed inside the park at the Vacation Services Center.