Groupon Inc. (GRPN - Free Report) recently inked a partnership with Universal Orlando Resort to sell multi-day ticket packages for Universal Orlando’s three theme parks namely Universal Studios Florida, Universal’s Islands of Adventure and Universal’s Volcano Bay.
The ticketing packages of all three Universal Orlando’s theme parkswill be provided on the Groupon app, through which users can explore and book tickets at a reasonable price.
The app will now offer an online saving of up to $20 at the gate price along with tickets priced as low as $45 per day plus tax. According to Brian Fields, vice president and general manager of Groupon, “Universal Orlando is one of the premier entertainment destinations in the United States, and we’re thrilled to offer the savings and convenience of buying tickets for all three of their theme parks through our platform.”
These deals are helping the company to enhance its product features, adding functionality to the application and enriching user experience.
The partnership is also helping Groupon to cater to just about any local need, consequently aiding the company to rapidly penetrate the e-commerce market. This will eventually boost its top-line growth. Groupon aims to give its users a seamless experience on mobile and an opportunity to avoid long queues.
The inclusion of additional coupons and deals that offer more flexible structures for merchants are also profitable for users, consequently benefiting the company.
Meanwhile, choosing Groupon will not only help Universal Orlando to expand the theme park business but will also enable the company to capitalise on growing opportunities in the emerging markets of the United States.
Groupon, Inc. Price
The company’s with Grubhub and ParkWhiz along with ongoing brand awareness programs is anticipated to boost revenues. Further, the company’s policy of launching new products on a regular basis is a positive. Proper mix of products along with accelerating consumer activities will aid growth going forward.
The company has completed its integration with MasterCard and Visa as part of its Groupon+ product offering, thereby providing users with additional discounts. With the help of such deals, Groupon is able to delve deeper into the local community market, consequently expanding clientele.
Zacks Rank and Stocks to Consider
Groupon carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector include Mellanox Technologies, Ltd. (MLNX - Free Report) , NVIDIA Corporation (NVDA - Free Report) and Western Digital Corporation (WDC - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Mellanox, NVIDIA and Western Digital have a long-term expected EPS growth rate of 15%, 10.25% and 19%, respectively.
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