Universal Orlando Resort's upcoming theme park, Epic Universe, is poised to significantly impact both the real estate and tourism markets in Orlando. Scheduled to open on May 22, 2025, this expansive development is expected to attract millions of visitors and stimulate substantial economic growth in the region.
Epic Universe is anticipated to draw between 5 million to 9 million visitors in its first year, according to tourism executives. This influx is expected to boost hotel occupancy rates and increase demand for accommodations in the International Drive area and surrounding neighborhoods. The park's opening is projected to contribute to a significant rise in tourist development tax revenue, with estimates suggesting nearly $400 million in annual collections for Orange County, up from the previous $359 million.
In response to the anticipated surge in tourism, the hospitality sector is experiencing a wave of investment and development. Several hotel projects are underway near the park, including the construction of Even Hotels and Staybridge Suites, adding 288 rooms to the area's inventory. Existing hotels are also undergoing renovations to cater to the expected increase in visitors.
The opening of Epic Universe is catalyzing transformative growth in Southwest Orlando's real estate market. The 750-acre development is attracting significant interest from investors and developers, leading to a surge in commercial and residential projects. Luxury car dealerships, five-star hotels, upscale restaurants, and entertainment venues are emerging in the area, reshaping the local landscape.
Infrastructure improvements are also underway to support the anticipated growth. The $315 million Kirkman Road Extension will enhance connectivity between key landmarks, including Millenia Mall, MetroWest, Valencia College, International Drive, Universal Studios, and the Convention Center. Additionally, the Sand Lake Road and I-4 interchange is being reconstructed to improve traffic flow, and a pedestrian overpass is being built to enhance safety and accessibility.
Recognizing the need for affordable housing in the face of rapid development, Universal has donated land for the Catchlight Crossings project, a 1,000-unit affordable housing community near Epic Universe.
This initiative aims to provide housing options for service and hospitality workers in the area.
The opening of Universal's Epic Universe is set to be a game-changer for Orlando's tourism and real estate sectors. The anticipated influx of visitors will drive demand for accommodations, dining, and entertainment, while the associated development projects will reshape the local real estate landscape.
As the region prepares for this transformative event, stakeholders across various industries are positioning themselves to capitalize on the opportunities presented by Epic Universe.
