Disney Parks Thrive Despite US Travel Slump

Disney's theme parks have defied a slump in international travel to the U.S. by posting record quarterly revenue for its experiences division.

The experiences segment, which includes Disney's theme parks, cruise line, resorts and consumer products, reported nearly $10 billion in revenue for the fiscal third quarter, a 10% jump from the same quarter a year prior and a quarterly record.

Disney CEO Josh D'Amaro attributed the strong performance to the company's ability to deliver 'strong volume and per capita spending results' despite 'macro uncertainty.' He noted that Disney is performing better than its competitors in the industry.

The division recorded operating income of more than $3 billion, up 20% from the same period a year prior. The addition of two new ships to Disney's cruise fleet helped increase revenue from resorts and vacations by 17% to $2.77 billion for the fiscal third quarter.