Home » Universal’s Epic Universe theme park set to bring billions to Florida’s economy.

Universal’s Epic Universe theme park set to bring billions to Florida’s economy.

by Ava Martinez

Epic Universe: A New Era for Orlando’s Theme Parks

Orlando, Florida, is on the brink of a major transformation in its tourism landscape with the upcoming opening of Epic Universe, Universal’s latest theme park. Set to debut on May 22, 2025, this highly anticipated attraction represents Universal’s first significant development in the region in 25 years. With an investment estimated at $7 billion, Epic Universe is designed to reshape Orlando as a top-tier destination for entertainment and leisure.

An Immersive Experience Awaits

Spanning an impressive 750 acres, Epic Universe will feature five uniquely themed lands: The Wizarding World of Harry Potter – The Ministry of Magic, Super Nintendo World, How to Train Your Dragon – The Isle of Berk, Celestial Park, and Dark Universe. Each area promises to immerse visitors in beloved franchises, creating a truly engaging and diverse experience for guests of all ages. This new park joins the ranks of existing attractions like Universal Studios and Walt Disney World, enhancing Orlando’s reputation as a hub for family fun.

Tourism Boom for Central Florida

In recent years, tourism has become the backbone of Central Florida’s economy. In 2023 alone, over 74 million people visited Orlando, generating approximately 50% of the sales tax revenue in Orange County. With the introduction of Epic Universe, experts anticipate a significant boost in tourism, benefitting both Universal and its main competitor, Disney. Casandra Matej, CEO of Visit Orlando, emphasizes that this new park is a "compelling reason to visit Orlando," enhancing economic opportunities for the local community.

Major Economic Impact

The opening of Epic Universe marks one of the largest investments Universal’s parent company, Comcast, has ever made in its theme parks. This massive undertaking is expected to drive considerable economic benefits, both locally and nationally. Between 2019 and 2023, Universal Orlando generated an estimated $44 billion in economic impact. A report by Sean Snaith, director of the University of Central Florida’s Institute for Economic Forecasting, notes that Universal’s investment in this new park is poised to create approximately $11 billion in economic activity through construction and operational expenditures.

The construction of Epic Universe has already led to the creation of around 65,000 jobs, with diverse roles including engineers, artists, and architects. This influx of job opportunities aligns with Florida’s robust labor market, suggesting that the state’s economy is likely to outpace national averages in job and economic growth.

Boosting Local Businesses

Once Epic Universe opens, the surge in visitors is expected to positively impact local businesses. Tourists will likely stay in nearby hotels, dine at local restaurants, and shop at nearby stores, accelerating revenue for various sectors within the community. Jakob Wahl, CEO of the International Association of Amusement Parks and Attractions, notes that the area surrounding Epic Universe has already seen improvements, such as new housing, infrastructure, and dining options.

Ripple Effects in the Theme Park Industry

Experts predict that the opening of Epic Universe will not only benefit Universal but also support other theme parks, including Disney. Historical precedents indicate that new park openings can enhance overall attendance in the region. For example, when Disneyland Paris debuted in 1992, nearby attractions experienced increased visitor numbers rather than negative impacts.

The competitive landscape among theme parks encourages innovation as companies strive to outdo one another with new attractions and experiences. As Matej puts it, "It’s a rising tide that lifts all boats." With the addition of Epic Universe, both Universal and Disney could see an uptick in visitors opting to extend their vacations to enjoy the diverse offerings in Orlando.

Conclusion: A Bright Future for Orlando’s Theme Parks

As the opening date for Epic Universe approaches, anticipation continues to build. This exciting new theme park is set to rejuvenate Orlando’s entertainment scene, promising a wealth of experiences for visitors while driving substantial economic benefits for the region. With its unique attractions and substantial investment, Epic Universe could redefine what it means to enjoy a vacation in Orlando, making it a must-visit destination for both domestic and international travelers.

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