Some very interesting results coming out of Disney’s full yearaccounts. With net profit across the board increasing by 19.8%
Overall revenues rose by 5.3% to $38.1bn, while operating income improved by 13.7% to $7.6bn.
Revenues from Disney’s Parks and Resorts group increased by 0.9% to $10.8bn, however operating profit fell 7.1% to $1.3bn.
Disney have stated that the decrease is attributed to a decline in the U.S. market, but was actually added by improved results at its international parks.
Disney attributed this loss to the following
1 less business week compared to last year.
Lower hotel occupancy.
Decrease at Disney Cruise Line.
Lower Disney World Attendance
increased operating costs
These reasons were partly offset by higher visitor spending, primarily due to higher average ticket prices and increased attendance at Disneyland Resort (Anaheim).
Meanwhile, the growth in international operations reflected improvement at Hong Kong Disneyland Resort, driven by increased attendance, guest spending and hotel occupancy, and an increase at Disneyland Paris, due to higher guest spending and a real estate sale, partly offset by lower attendance.
Higher guest spending at both resorts resulted from higher average ticket prices and average daily hotel room rates.
For the fourth quarter alone, the group saw net profit slip by 6.7% to $835m, on revenues down 1.3% at $9.74bn. Operating profit fell 7.3% to $1.7bn.
Disney have signed a deal with the Shanghai government to build a Disney Theme Park , according to reports on Friday the park could be open as early as 2014.
The move is seen as a real boost for Shanghai’s tourism.
Disney stuck the deal on Friday with Shanghai Shen Di Group Co. Ltd. who will act as its joint venture partner. Attraction-Tickets.info has heard that Disney would hold 43% of the equity shares in the joint venture and the rest of the 57% will belong to the new holding company, Shanghai Shen Di.
Disney World in China has for years been a topic of great interest but the idea was sidelined due to the Olympics in 2008. The project was approved by the Chinese government in November 2009 and the new joint venture deal takes the project one step closer to becoming a reality.
Disney said in a statement on Friday that they are still waiting for approval of the Chinese government about the incorporation of the related joint venture companies and also the necessary regulatory processes. The theme will cover a total area of 4 square kilometres and will come up near the new international airport in Pudong. Though Disney has ventured on similar territories before with its theme parks in Tokyo and Hong Kong, none of them have lived up to the expectations of the company.
Shanghai’s Disneyland is expected to cover about four square kilometers and cost about $3.75 billion
We all knew that the campaign was going to be called “Let the Memories Begin,” the idea is to show holiday memories being created at Disney daily.
Starting January 2011, Disney PhotoPass photographers will being capturing pictures of guests during the day that will be larger-than-life images during the nighttime show. As many as 500 images will be used every day, Disney said.
Disney will also begin featuring home videos and snapshots of real guests in television ads and other marketing, the company said.
At Walt Disney World Resort, the night time show will be projected on the spires of Cinderella Castle. At Disneyland Resort, the facade of “it’s a small world” will be the canvas for the show.
Even in a global recession Theme Parks seem to have done ok.
Here are the Top 20 United States theme parks for 2009:
1. Walt Disney World’s Magic Kingdom: 17.2 million +1.0%
2. Disneyland: 15.9 million +8.0%
3. Epcot: 11.0 million +0.5%
4. Disney’s Hollywood Studios: 9.7 million +1.0%
5. Disney’s Animal Kingdom: 9.6 million +0.5%
6. Disney’s California Adventure: 6.1 million +9.5%
7. SeaWorld Orlando: 5.8 million -6.8%
8. Universal Studios Florida: 5.4 million -12.0%
9. Islands of Adventure: 4.5 million -13.8%
10. Universal Studios Hollywood: 4.3 million -6.0%
11. SeaWorld San Diego: 4.2 million -12.6%
12. Busch Gardens Tampa: 4.1 million -12.3%
13. Knott’s Berry Farm: 3.3 million -6.5%
14. Canada’s Wonderland: 3.2 million -6.5%
15. Kings Island: 3.0 million -4.0%
16. Cedar Point : 2.9 million -8.0%
17. Busch Gardens Williamsburg: 2.9 million +3.7%
18. Hersheypark: 2.8 million -1.2%
19. Six Flags Great Adventure: 2.6 million -4.6%
20. Six Flags Magic Mountain: 2.5 million -2.5%
(tie) Six Flags Great America: 2.5 million -6.3%
And the Top 20 theme park worldwide:
1. Magic Kingdom
3. Tokyo Disneyland: 13.6 million -4.5%
4. Disneyland Paris: 12.7 million +0.4%
5. Tokyo DisneySea: 12 million -4.0%
7. Disney’s Hollywood Studios
8. Disney’s Animal Kingdom
9. Universal Studios Japan: 8.0 million -3.6%
10. Everland (South Korea): 6.2 million -6.5%
11. Disney’s California Adventure
12. SeaWorld Orlando
13. Universal Studios Florida
14. Ocean Park (Hong Kong): 4.8 million -4.6%
15. Nagashima Spa Land (Japan): 4.7 million +1.1%
16. Hong Kong Disneyland: 4.6 million +2.0%
17. Islands of Adventure
(tie) Yokohama Hakkeijima Spa Paradise: 4.5 million -0.7%
19. Universal Studios Hollywood
20. Lotte World (South Korea): 4.3 million +0.6%