That would crush the value of those signature hotels unless they add some other perks.I doubt Universal will renew the hotel express passes when (or if) they expire.
The hotel express passes have been frozen. They only apply to the 1st 2 parks, EPIC and Volcano Bay are excluded. It only applies to the first 3 hotels.That would crush the value of those signature hotels unless they add some other perks.
You would never what to include something like that for free on a brand new park especially one that was as hyped as that one.The hotel express passes have been frozen. They only apply to the 1st 2 parks, EPIC and Volcano Bay are excluded. It only applies to the first 3 hotels.
That’s what my friend said, so hopefully they will renew the contract if that is correct. He said Universal wants out of the contract because they can make more money charging for express passes per person instead of offering them free if you stay at a Loew’s hotel.I doubt Universal will renew the hotel express passes when (or if) they expire.
The hotels opened in 1999. It's plausible a 30 year contract was signed in 1997.
Loews wouldn't be promising hotel express passes for 2027 booking if the contract was up.That’s what my friend said, so hopefully they will renew the contract if that is correct. He said Universal wants out of the contract because they can make more money charging for express passes per person instead of offering them free if you stay at a Loew’s hotel.
I'm sure Loews would love to include Express Pass at all hotels. Im sure Universal theme parks would love to terminate complimentary hotel express passes.The Universal-Loews partnership is a Joint Venture, which is rare in the theme park world. In a typical "land-lease" deal (like Disney's with the Swan & Dolphin), one company owns the land and another just pays rent to run a hotel on it.
Universal and Loews, however, are legally and financially "married" through a company called Universal City Development Partners, Ltd. Lowes and Universal directly share the profits made thru the hotel so any changes to the hotel is also going to hurt Universal. Any downturn in pricing or revenue hits Universal directly in the wallet.
This is not like Disney with swan/dolphin, if people stop going to those hotels it's irrelevant to Disney there still going to get there lease money.
What they should do is somehow figure out a way to stop ghost renting or penalize people who do.I'm sure Loews would love to include Express Pass at all hotels. Im sure Universal theme parks would love to terminate complimentary hotel express passes.
I guess grandfatheing existing hotels and parks was the compromise both parties could agree.
Other possible compromises SPECULATION once per attraction per day. Express pass day based on number of days, guest gets pass on check in OR checkout day.
Based on full days. You wouldn't Get EP on check in or check out day. An end to throwaway rooms.
Why? Does it impact you? Does it impact the hotel? From Loew's perspective, they're getting the full price of the room with no need to restock it or clean it, no wear & tear. It's ready for the next person bright and early the following morning.What they should do is somehow figure out a way to stop ghost renting or penalize people who do.
Are you serious???Why? Does it impact you? Does it impact the hotel? From Loew's perspective, they're getting the full price of the room with no need to restock it or clean it, no wear & tear. It's ready for the next person bright and early the following morning.
Whether or not people actually stay in the room makes no difference to the supply/demand/availability. Thus it doesn't impact the price fluctuations.Are you serious???
It 100% affects everyone—basic economics.