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Growing quarterly results for theme parks and

resorts of The Walt Disney Company

Update : 09/08/13 - 11h01 Published by François Mayné the 17 February 2013, Corporate.

The Walt Disney Company (TWDC) published earlier this month its financial results for the first quarter of fiscal year 2013 ended December 31, 2012.

The theme parks and resorts of the largest operator of attractions in the world - more than 121.4 million visitors welcome in 2011* - have achieved a global turnover of 3.39 billion U.S. dollars (about 2.5 billion euros), up 7% compared to the first quarter of the previous year. Operating income increased 4% reaching $577 million (about €431.4 million).

Growing quarterly results for theme parks andresorts of The Walt Disney Company

TWDC explains that the growth in sales was driven by the strong performance of its domestic activities in the United States (Walt Disney World Resort, Disneyland Resort and Disney Cruise Line) while the incomes related to overseas activities were in slight decrease due to the contrasting results of Disneyland Paris (down in turnover and attendance) and the increased costs associated with the development of Shanghai Disney Resort in China. It should be noted however that the activity of Hong Kong Disneyland Resort offsets this decline with an increase in average spending per guest during this period.

The increase in the operating incomes of U.S. operations is mainly due to the increase in average spending per guest at both Walt Disney World Resort and Disneyland Resort, the addition of a new cruise ship to the fleet of Disney Cruise line (the Disney Fantasy, which sailed first in March 2012), the increase in attendance of the two theme parks of Disneyland Resort and the better occupancy rate of Walt Disney World Resort hotels.

TWDC explains that the growth in sales was driven by the strong performance of its domestic activities in the United States including the Disney Cruise Line

The Group launched the second part of the New Fantasyland at Magic Kingdom during the first quarter of FY13.

These results were partially offset by more important operating costs - particularly due to the opening of the New Fantasyland at Magic Kingdom, the deployment of MyMagic+ initiative at Walt Disney World as well as higher labor costs and charges - and a lower average cruise ship ticket prices driven by a cruise itinerary out of a new port location.

TWDC - which runs five main business activities - continued to grow during the first quarter with total sales up of 5% to $11.34 billion (about €8.4 billion). The operating income, however, decreased by 3% to $2.3 billion (about €1.72 billion) as a result of a sharp drop of 43% in operating income of the studio entertainment segment (films and theatrical productions). “After delivering another record year of growth in 2012, we're off to a solid start in Fiscal 2013,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “Our ongoing success is driven by our long-term strategy, the strength of our brands and businesses, and our high quality family entertainment.”

Click-here to see the full report of the first quarter of The Walt Disney Company.

*: According to the annual "Theme Index 2011 Global Attractions Attendance Report" co-edited by AECOM and Themed Entertainment Association.

Walt Disney Parks & Resorts - Walt Disney World Resort - Disneyland Resort - Euro Disney S.C.A. - Hong Kong Disneyland Resort - Attendance - Financial Information - - - -

Written by François Mayné

François Mayné Publishing Director » Contact Us
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Europa-Park
(10 articles found)

Europa-Park chooses popular French IP to create an indoor themed area including MACK Rides coaster read more

This is a first in the history of Europa-Park. The German theme park, owned by the Mack family since 1975, has chosen to work with an intellectual...

NEW | Europa-Park - Published on June 11, 2013

Europa-Park: A family success story that's all about passion! read more

“Managing a theme park means writing a story, respecting a tradition and constantly questioning oneself, looking for new ideas and ways to i...

FEATURE | Europa-Park - Published on March 15, 2013

Themed Entertainment Association to hold its 10th TEA Summit and Thea Awards Gala April 4-6 read more

The Themed Entertainment Association (TEA), an international organization that represents the interests of more than 7,500 members working in...

EVENT | Europa-Park - Published on March 6, 2013

New attendance record for Europa-Park in 2012 read more

The German theme park Europa-Park has surpassed in 2012 the 4.5 million visitors for the first time, confirming its position as the first seasonal park in the world. This outcome is therefore highly satisfactory for the Mack...

CORPORATE | Europa-Park - Published on January 9, 2013

Europa-Park purchases a hundred-year old carousel read more

The German theme park Europa-Park has just purchased a carousel-lounge of 1909 from Ecomusée d'Alsace, a museum located in Ungersheim in North-East of France. The latter had declared its intention to separate from this carousel-lounge ...

NEW | Europa-Park - Published on April 29, 2012

WODAN Timburcoaster - Interview with Clair Hain Jr. President of Great Coasters International read more

During our coverage of the WODAN Timburcoaster media event at Europa-Park (Rust, Germany), we had the opportunity to meet Clair Hain Jr, President...

FEATURE | Europa-Park - Published on April 19, 2012

Europa-Park opens WODAN Timburcoaster - Interview with Roland Mack read more

Nearly 400 members of the press and special guests - including the racing driver Ralf Schumacher and Miss Germany 2012 - were invited last Wednesday...

NEW | Europa-Park - Published on April 2, 2012

Europa Park welcomed more than 4 million visitors in 2011 and prepares 2012 read more

Europa-Park stated that its 37th season has been once again a great success with an attendance exceeding well over four million visitors in...

NEW | Europa-Park - Published on January 11, 2012