AMC Entertainment Holdings Inc., Cinemark Holdings Inc. and Cineworld Group PLC’s Regal Cinemas have enjoyed a spike in foot traffic thanks to recent major movie releases, according to analytics company Placer.ai.
Although... AMC Entertainment Holdings Inc., Cinemark Holdings Inc. and Cineworld Group PLC’s Regal Cinemas have enjoyed a spike in foot traffic thanks to recent major movie releases, according to analytics company Placer.ai. Although Memorial Day movie visits did not quite beat last year’s levels, this may have had more to do with the release of box-office hit “Top Gun: Maverick” over Memorial Day weekend 2022, according to Petrack. The Hollywood blockbuster starring Tom Cruise “set an incredibly high bar for Memorial Day 2023,” Petrack wrote.Nonetheless, Memorial Day 2023 still saw strong foot traffic, according to Placer.ai’s data.