Universal Volcano Bay Water Theme Park, or Volcano Bay, is a tropical-themed water park at Universal Orlando Resort in Orlando, Florida. It is owned by Universal Destinations& Experiences, Volcano Bay. Owned and operated by Universal Destinations& Experiences, Volcano Bay replaced Wet 'n Wild as Universal Orlando Resort's only water park, and it was the first water park constructed by Universal Creative. At the center of the park is "Krakatau," a 200-foot-tall volcano.