Unfortunately, Universal doesn't provide occupancy rates like the Disney reports, so it's hard to figure out if occupancy rates are up/down with the increased number of hotel rooms.
As long as revenue continues to increase, and offset the increased operating expenses of running 3 parks, they will be fine.
I'd imagine in a 2-3 year time-span we should see results.
There were a ton of heavy room discounts since Epic opened, so I don't know if they're reaching their goals. Terra a ghost town often
on weekdays, Stella a bit better. Weekends they're both filled. Both Stella and Terra hotels cut employee hours back during July/August.
There was that one month long stretch, from early August, where nearly every hotel on site was heavily discounted. AP prices, at the
non deluxe hotels, for a Holiday week (Thanksgiving), are real inexpensive at this point in time. So, it appears there's probably some
softness out there.
Conversely, Columbus Day Holiday week was real crowded at the parks and hotels.
....and....one positive....for guests....IOA and USF were very uncomfortable parks to visit during their high attendance year in 2022.
Neither park has adequate capacity for attendance over 10/11 million per. The attraction and food lines were terribly long in 2022,
and that might have discouraged many tourists from coming back. Operations are so much smoother, and attraction/food lines reasonably
comfortable at the present attendance. As a guest that's a good thing. For me personally, that factor is why I've scheduled my longest
Universal only vacation this November (17 nights). I'm looking forward to a leisurely and relaxing vacation at Universal, like it used to be
before covid.