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Six Flags (SIX), Google Cloud Partner for New Virtual Assistant
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Six Flags Entertainment Corporation (SIX - Free Report) collaborates with Google Cloud to elevate park visitors’ experiences and improve its business operations by using Google Cloud's Vertex AI Conversation.
Along with the Vertex AI Conversation, Six Flags will be leveraging Google Cloud's other advanced technologies and services to introduce a leading-edge virtual assistant powered by generative AI (gen AI). Furthermore, the company aims to deliver immersive and personalized customer experiences across its diverse park portfolios using Google Cloud's industry-leading capabilities in Artificial Intelligence (AI), analytics, and infrastructure. The new launch, through the collaboration, will enhance the digital capabilities of Six Flags and help it to unearth new milestones within the amusement park sector.
Six Flags is optimistic about the collaboration and the launch of the new virtual assistant as it believes that this will enhance business operations across its diverse portfolio and redefine ways of serving its customers.
Image Source: Zacks Investment Research
Shares of SIX have gained 2.3% on Aug 29, during the trading session. However, the stock declined 3.7% in the past month compared with the Zacks Leisure and Recreation Services industry’s 9.2% decline.
Six Flags’ Focus on Enhancing Guest Experience
Six Flags primarily focuses on delivering industry-leading customer services through various strategic initiatives given the guest-centric nature of the sector. By elevating customer experiences, it can open various growth opportunities within the sector through increased guest attendance and spending per capita.
Six Flags is investing in various digital transformations to deliver seamless guest experience. During the second quarter of 2023, the company launched its revamped mobile application to help the guests personalize their day in the park. The company also left space for further upgrades in the application, which will be incorporated in late 2023, along with others in upcoming years.
In the quarter, it also introduced a new wrist band payment technology, SixPay, at various water parks for convenient money transactions for various services in the parks. The company plans to expand SixPay in all its water parks by the next season. Moreover, the company is developing speedy parking, which is a new automated service, at its toll plazas, as well as launching self-service digital kiosks at many of its park restaurants in the later part of 2023.
Along with various digital upgrades and inclusions, Six Flags has also installed various theme park attractions and enhancements during the second quarter of 2023, considering the multigenerational guest attendance patterns. For 2023 and the next couple of years, the company increased its capital expenditures expecting the introduction of new rides and other park upgrades.
Zacks Rank
Six Flags currently carries a Zacks Rank #5 (Sell).
Earnings estimates of RCL have increased in the past 30 days, depicting analysts’ optimism. The stock has gained 146.1% in the past year. The Zacks Consensus Estimate for RCL’s 2023 sales indicates growth of 54.5% from the year-ago period’s levels.
Live Nation presently sports a Zacks Rank of 1. Earnings estimates of LYV have increased in the past 30 days, depicting analysts’ optimism. The stock has declined 6.7% in the past year.
The Zacks Consensus Estimate for LYV’s 2023 sales indicates growth of 21% from the year-ago period’s levels.
Strategic Education currently sports a Zacks Rank of 1. Earnings estimates of STRA have increased in the past 30 days, depicting analysts’ optimism. Shares of the company have increased 19.3% in the past year.
The Zacks Consensus Estimate for STRA’s 2023 sales indicates a rise of 4.9% from the year-ago period’s levels.
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Six Flags (SIX), Google Cloud Partner for New Virtual Assistant
Six Flags Entertainment Corporation (SIX - Free Report) collaborates with Google Cloud to elevate park visitors’ experiences and improve its business operations by using Google Cloud's Vertex AI Conversation.
Along with the Vertex AI Conversation, Six Flags will be leveraging Google Cloud's other advanced technologies and services to introduce a leading-edge virtual assistant powered by generative AI (gen AI). Furthermore, the company aims to deliver immersive and personalized customer experiences across its diverse park portfolios using Google Cloud's industry-leading capabilities in Artificial Intelligence (AI), analytics, and infrastructure. The new launch, through the collaboration, will enhance the digital capabilities of Six Flags and help it to unearth new milestones within the amusement park sector.
Six Flags is optimistic about the collaboration and the launch of the new virtual assistant as it believes that this will enhance business operations across its diverse portfolio and redefine ways of serving its customers.
Image Source: Zacks Investment Research
Shares of SIX have gained 2.3% on Aug 29, during the trading session. However, the stock declined 3.7% in the past month compared with the Zacks Leisure and Recreation Services industry’s 9.2% decline.
Six Flags’ Focus on Enhancing Guest Experience
Six Flags primarily focuses on delivering industry-leading customer services through various strategic initiatives given the guest-centric nature of the sector. By elevating customer experiences, it can open various growth opportunities within the sector through increased guest attendance and spending per capita.
Six Flags is investing in various digital transformations to deliver seamless guest experience. During the second quarter of 2023, the company launched its revamped mobile application to help the guests personalize their day in the park. The company also left space for further upgrades in the application, which will be incorporated in late 2023, along with others in upcoming years.
In the quarter, it also introduced a new wrist band payment technology, SixPay, at various water parks for convenient money transactions for various services in the parks. The company plans to expand SixPay in all its water parks by the next season. Moreover, the company is developing speedy parking, which is a new automated service, at its toll plazas, as well as launching self-service digital kiosks at many of its park restaurants in the later part of 2023.
Along with various digital upgrades and inclusions, Six Flags has also installed various theme park attractions and enhancements during the second quarter of 2023, considering the multigenerational guest attendance patterns. For 2023 and the next couple of years, the company increased its capital expenditures expecting the introduction of new rides and other park upgrades.
Zacks Rank
Six Flags currently carries a Zacks Rank #5 (Sell).
Key Picks
Some better-ranked stocks from the Consumer Discretionary sector are Royal Caribbean Cruises Ltd. (RCL - Free Report) , Live Nation Entertainment, Inc. (LYV - Free Report) and Strategic Education, Inc. (STRA - Free Report) .
Royal Caribbean presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings estimates of RCL have increased in the past 30 days, depicting analysts’ optimism. The stock has gained 146.1% in the past year. The Zacks Consensus Estimate for RCL’s 2023 sales indicates growth of 54.5% from the year-ago period’s levels.
Live Nation presently sports a Zacks Rank of 1. Earnings estimates of LYV have increased in the past 30 days, depicting analysts’ optimism. The stock has declined 6.7% in the past year.
The Zacks Consensus Estimate for LYV’s 2023 sales indicates growth of 21% from the year-ago period’s levels.
Strategic Education currently sports a Zacks Rank of 1. Earnings estimates of STRA have increased in the past 30 days, depicting analysts’ optimism. Shares of the company have increased 19.3% in the past year.
The Zacks Consensus Estimate for STRA’s 2023 sales indicates a rise of 4.9% from the year-ago period’s levels.