theme parks is returning “with significant progress,†per McCarthy, but it still remains below pre-pandemic levels. The amount of international visitors to Disney’s U.S. €œWe’re still seeing demand in excess of the reservations that we are making available for our guests,†she said.ĭisney has also been bringing back in-park entertainment, like character meet-and-greets and theater shows, to increase park capacity, Chapek said. Disney has been using its park reservation system, implemented during the pandemic, to gauge and manage theme park demand. The company has not seen demand falter at its theme parks, McCarthy said. hotels was 90% last quarter as theme park attendance surpassed 2019 levels on “many days.†McCarthy said per capita guest spending was 10% higher than in 2021’s third quarter and up 40% compared to 2019’s. Disney said that increase was due to larger crowds year-over-year spending more money at its theme parks and hotels, along with the return of cruises, which began sailing again in August 2021. The division’s operating income hit $2.2 billion, an increase of $1.8 billion from the same period last year. parks generated $5.4 billion of the division’s revenue while international parks made $788 million. The company does not report specific finances by resort, but Disney’s U.S. It has rebounded of late, closing Wednesday at $112.43. It closed at $157.89 in early January but fell to $91.84 in mid-July. The company’s stock, however, has struggled in 2022. ![]() Disney’s Parks, Experiences and Products division earned nearly $7.4 billion in revenue, a 72% increase from 2021’s third-quarter revenue of $4.3 billion. DeSantis and the Legislature dissolved Disney’s Reedy Creek Improvement District in April, and some conservatives encouraged boycotts of the company.īut the dispute did not appear to have any effect on Disney’s theme park finances during the quarter, which ended July 2. Ron DeSantis over Florida’s so-called “don’t say gay†bill intensified when the measure passed the Legislature in mid-March and Chapek said he would fight it. About 50% of park guests buy Genie+, Chapek said.ĭisney’s third quarter began in early April, as its fight with Gov. ![]() In a third-quarter earnings call Wednesday, CEO Bob Chapek and CFO Christine McCarthy attributed increased guest spending to ticket add-ons like skip-the-line service Genie+ and higher average hotel rates year-over-year. theme parks as average daily attendance has been only slightly below pre-pandemic levels of 2019 so far this fiscal year, Disney executives said Wednesday. Visitor spending is up at Disney’s U.S. Theme parks division earned nearly $7.4 billion in third-quarter revenue It seems Disney's revenue is not suffering in any way as the visitors come pouring back (and around 50% of them are buying Genie+):
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