Posted Wednesday, August 10, 2016 9:43 AM | Contributed by Jeff
Disney's theme park revenue increased 6.6 percent to $4.4 billion, as visitors spent more. Operating income rose 8 percent to $994 million. Occupancy at its domestic resorts increased 3 percent in the last quarter. The timing of Easter was largely to blame for a 4 percent year-over-year drop in attendance at Walt Disney World and Disneyland.
Read more from The Orlando Sentinel.
If revenue increases but the guest count drops a bit, I still think that is a win. I know it has been a slow summer here in Orlando, but I think the big two are still having a fantastic year. My WDW pass has summer blockout dates so I haven't been since the end of May, but my few summer visits to Universal have been very manageable crowd wise.
Iger previously speculated that the business may go that way, and that they were fine with it. That's the crazy thing, that pricing has not imposed a ceiling on attendance yet. With the holiday shift between quarters, and the "Brazil phenomenon," I'm not convinced the pricing is there yet.
Gonch's Business Model™
I'm already tired of the stories linked on FB (some of them paid ads, no less) from various fan sites and "insiders" and all of that nonsense predicting the end of days based on a drop in attendance. And by the way, it's validation that they're right about all the reasons Disney sucks even though they can't stay away. If earnings were not up and occupancy also dropped, you could still likely attribute it to market fluctuation over poor decisions.
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