In their Q1 2024 earnings report, Disney reported that their theme park division made $6.3 billion in domestic revenue during the quarter.
Overall parks and experiences revenue was $9.1 billion, an increase of 7% from last year’s quarter.
The parks and experiences had a decrease in operating income offset by higher results at Disney Cruise Line. Disney cited the following reasons for the lower results at Walt Disney World Resort:
- Lower volumes due to decreases in attendance and occupied room nights, both of which reflected the comparison to the 50th anniversary celebration in the prior-year quarter
- Higher costs due to inflation, partially offset by cost-saving initiatives and lower depreciation
- Increased guest spending due to higher average ticket prices, partially offset by lower average daily room rates
Disneyland Resort results were comparable to Q1 2023, with revenue growth offset by an increase in costs due to:
- Increased guest spending primarily due to higher average ticket prices
- Attendance growth
- Higher costs driven by inflation
Disney Cruise Line saw growth thanks to increases in average ticket prices and passenger cruise days.
Shanghai Disney Resort saw growth from the previous year when it was closed due to the COVID-19 pandemic. Hong Kong Disneyland Resort had higher operating income and Disneyland Paris results are comparable to last year.
Disney renamed their Disney Parks, Experiences and Products division just Disney Experiences in late December.
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