Economic Downturns Impact Discretionary Spending: Declines in general economic conditions, such as inflation or recessions, can reduce consumer disposable income, leading to decreased park attendance, lower per-capita spending, and reduced profitability for United Parks & Resorts.

Reputational Harm from Animal Welfare Concerns: As a company operating with marine animals, PRKS faces ongoing scrutiny and potential negative publicity related to animal welfare issues, which can significantly damage its brand image, deter visitors, and lead to protests or boycotts.

Intense Competition in the Leisure Industry: United Parks & Resorts operates in a highly competitive environment, facing competition from other theme parks, water parks, entertainment venues, and alternative leisure activities, which could limit its market share and pricing power.