The Walt Disney Company released new figures as part of the Q4 earnings report that showed an overall revenue increase for Disney Parks and Experiences. While domestic parks continue to increase in revenue, the international parks are showing the most improvement against the same period last year. The upward turn has been attributed to the investment in the park’s growth, with expansions for Shanghai Disneyland and Hong Kong Disneyland, both primary factors:
Domestic Parks and Experiences
The increase in operating income at our domestic parks and experiences was due to:
- Growth at Disney Cruise Line resulting from increases in passenger cruise days and average ticket
prices- An increase at Disney Vacation Club attributable to sales of The Villas at Disneyland Hotel in the
current quarter- Lower results at our domestic parks and resorts, which reflected:
A decrease at Walt Disney World Resort resulting from:
▪ Higher costs attributable to accelerated depreciation related to the closure of Star Wars:
Galactic Starcruiser and inflation
▪ To a lesser extent, lower guest spending driven by a decrease in average daily hotel room
rates
Growth at Disneyland Resort due to:
▪ Higher attendance
▪ Increased guest spending primarily due to higher average ticket prices
▪ Higher costs due to inflationInternational Parks and Experiences
Higher international parks and experiences’ operating results were due to:The Walt Disney Company
- An increase in operating results at Shanghai Disney Resort due to:
Guest spending growth attributable to an increase in average ticket prices
Higher volumes due to an increase in attendance- Higher operating income at Hong Kong Disneyland Resort attributable to:
Guest spending growth due to an increase in average ticket prices
Higher volumes resulting from increases in attendance and occupied room nights. Results
reflected 81 days of operations in the current quarter compared to 65 days in the prior-year
quarter.
Increased costs primarily attributable to new guest offerings and inflation
