venny
TS Member
It’s clear that Paultons were referencing other theme parks. To suggest they operate in a vacuum isn’t true.
As for Merlin, it’s pretty evident that both proportionate real term opex and capex has dropped since the 2000s. The product is worse and it’s not because they’re spending more money. Are the RTPs destined for terminal decline/stagnation? On the current trajectory, yes, but there’s nothing stopping them deciding to invest properly, in which case they could turn the ship.
As for Merlin, it’s pretty evident that both proportionate real term opex and capex has dropped since the 2000s. The product is worse and it’s not because they’re spending more money. Are the RTPs destined for terminal decline/stagnation? On the current trajectory, yes, but there’s nothing stopping them deciding to invest properly, in which case they could turn the ship.