Only if you buy it as a standalone. A significant chunk of folks using Express Pass get it as part of staying at Portofino (750 rooms) , RP (1,000rooms) , and HRH (650 rooms). If we guesstimate 3 people per room, and near full capacity, that would be roughly 7,200 Express Passes/day going to hotel guests. (if the rate is more like 4 people per room, that would be 9,600 Express passes per day, but some rooms sleep 5, some are king rooms, many don't have 4 people/room, and they don't get to 100% occupancy.
(Digging further, Universal's 3 top tier hotels allow rollways, so king rooms actually sleep up to 3 people, and 2-queen rooms sleep up to 5 people. )