Disney Sees Attendance Growth Despite Global Economic Uncertainty
Walt Disney Co. reported an uptick in attendance at its theme parks, particularly at Walt Disney World, for the third financial quarter. The company saw a 3% increase in attendance and a 4% rise in guest spending across its Florida and California parks.
The gains are attributed to domestic tourists and annual passholders, as well as new experiences in the parks. Executives pointed to the Cool Kids Summer promotions at Disney World for driving growth, as well as the re-opening of attractions like Buzz Lightyear’s Space Ranger Spin and Big Thunder Mountain Railroad at Magic Kingdom.
Disney CEO Josh D'Amaro emphasized that the company's consistent investments have contributed to its success. 'We're achieving this even during a period where there's a fair amount of macro uncertainty,' he said.