According to the Orlando Sentinel Walt Disney Parks & Resorts has negotiated a new contract with Orlando International Airport reducing the amount it pays for it’s two gift shops by hundreds of thousands dollars.
The new contract not only reduces the minimum rent that Disney pays on its two stores in the airport’s main terminal but it is also expected to reduce the percentage of sales that Disney pays for the privilege of selling souvenirs. Disney had argued that it pays higher minimum rents and percentages of its sales than the airport’s other themed-retail stores.
Disney has “The Magic of Disney” store, located at the western end of the terminal and “Disney’s Earport” which is at the eastern end of the terminal, and leads to gates for the airport’s busiest carrier, Southwest Airlines.
Disney defended the newly negotiated contract saying that it accurately reflects changes in business conditions since the last contract was signed.
- New contract cuts Disney stores’ rent at airport (orlandosentinel.com)
- The Walt Disney Company to Takeover Disneyland Paris? (thedisneyblog.com)
- Disney’s Magical Express sees a decline in ridership (wdwinfo.com)