Although its clear to see that other areas of Disney are clearly making huge leaps profit wise it is also pretty cool to see that they are still on form when it comes to the theme park and resorts side of their operation. Earnings for Disney’s parks and resorts rose to $630 million from $519 million according to Disney’s latest Quarter earning report.
“We had a phenomenal third quarter,” Disney President and Chief Executive Officer Bob Iger said during a conference call with analysts.
Operating profit at Disney’s global theme-park division surged 21 percent to $630 million on sales that rose 9 percent to $3.4 billion. That growth was driven by the late March launch of the Disney Fantasy cruise ship; the mid-June opening of a “Cars”-themed attraction in Southern California; and a rebound at Tokyo Disney, which was forced to close for a time last year following a devastating earthquake and tsunami in Japan.
Company executives were especially upbeat about the early success of “Cars Land,” the final piece of a billion-dollar rebuild ofDisneyland’sDisney California Adventure theme park.
Iger said the addition generated record attendance at the two-park resort in Anaheim, Calif., and that the perennially weak California Adventure had become “the perfect neighbor” to the original Disneyland park, drawing nearly 50 percent of the resort’s total attendance — up from as little as 25 percent in previous years.
But while crowds descended on Disneyland, attendance appeared to slip at Disney World during the quarter. Although Disney did not report figures just for its Orlando resort, it said combined U.S. theme-park attendance inched up just 1 percent for the quarter — despite the record growth in California.
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