According to the Walt Disney Company second quarter earnings report for 2016 Disney Parks and Resort revenue has increased to $3.9 billion which is up 4% from last year! Meanwhile park attendance at Walt Disney World has decreased.
You read that right, overall park attendance has decreased slightly from last year at this time but park revenue has increased. Mainly this is due to guests spending more money at the parks, which is probably why we are seeing more paid events like Early Morning Magic and After Hours Party.
The report also states that Disneyland attendance has increased slightly so I am sure some of that increased revenue has come from there as well.
Disney had this to say:
“We’re very pleased with our overall results in Q2, which marks our 11th consecutive quarter of double-digit growth in adjusted EPS,” said Robert A. Iger, chairman and chief executive officer, The Walt Disney Company. “Our Studio’s unprecedented winning streak at the box office underscores the incredible appeal of our branded content, which we continue to leverage across the entire company to drive significant value. Looking forward, we are thrilled with the Studio’s slate and tremendously excited about the June 16th grand opening of the spectacular Shanghai Disney Resort.”
I will be honest reading over the report almost put me to sleep the only other highlight from the report is that Disney’s Movie division is up 22% to 2.1 Billion due to Star Wars Force Awakens & Zootopia.
You can read the full report here..
Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.
Get started below for your FREE No Obligation Quote.
Book With our friends at Destinations to Travel
For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!
