The cruise line is expanding its fleet and a new ship, the Disney Treasure, is expected to debut next year.
However, Disney says its Florida parks are still performing above pre-COVID levels, with revenue 29% higher than 2019.ĭisney Cruise Line, which is also part of the division, also performed well in the quarter, as more people took cruises. Other Central Florida parks, including Universal Orlando and SeaWorld recently reported lower attendance at its parks.
The problem is not isolated to Disney World. “Local tax data shows evidence of some softening in several major Florida tourism markets, and the strong dollar is expected to continue tapping down international visitation to the state,” Iger said. “We saw softer performance at Walt Disney World from the prior year coming off our highly successful 50th anniversary celebration,” Disney CEO Bob Iger said in a call with investors.īut Iger also cited a drop in post-COVID pent-up demand among the reasons for the slowdown in Florida. But in Florida, it was a different story.ĭisney World saw lower attendance and a decrease in occupied rooms in the quarter. Disneyland Resort in California saw modest increases. The company’s Parks, Experiences and Products division reported $8.3 billion in revenue, up 13%, and an operating income of $2.43 billion-despite a slowdown at Walt Disney World.ĭisney’s international parks such as Shanghai Disney were the biggest contributor to growth and, but domestically, revenue was up just 4%. Disney CEO Bob Iger said the lower attendance comes as post COVID pent-up demand levels off.Although revenue was up in the division, Disney World in Florida experienced a slowdown.Disney's theme parks business reported $8.3 billion in revenue in the third quarter.
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