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Theme Park Supplier's News of the Week #12 Bolliger Mabillard, MAURER Rides, ETF Ride Systems, Lo-...
Theme Park Supplier's News of the Week #12
World Waterpark Association Success for WWA's 33th Symposium and Trade Show
World Waterpark Association
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Hong Kong Disneyland to introdoce Iron Man Experience
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Theme Park Industry News Roundup #6 Liseber, Universal Parks and Resorts, IAAPA, Herschend ...
Theme Park Industry News Roundup #6
Premier Rides wins €8 million contract with Plopsa Gr... New launch coaster to open at Holiday Park in 2014
Premier Rides wins €8 million contract with Plopsa Gr...
Theme Park Industry News Roundup #5 Tokyo Disney Resort, Merlin, European Star Awards
Theme Park Industry News Roundup #5
Record anniversary edition for Euro Attractions Show More than 8,500 attendees on a record exhibit floor
Record anniversary edition for Euro Attractions Show
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NewsParcs is an online trade publication dedicated to theme park industry professionals worldwide.

Since 1998, we work in direct contact with manufacturers, suppliers, consultants, owners and operators to publish only reliable and relevant information.

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EAS 2013 NewsParcs will do a full coverage of the IAAPA Attractions Expo 2013 in Orlando to have a look at the latest trends and developments of the global theme park industry.

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Disney's theme parks and resorts sign strong

financial results with revenues up 7% in Q3 2013

Update : 25/08/13 - 10h06 Published by François Mayné the 11 August 2013, Corporate.
The theme parks and resorts of The Walt Disney Company (TWDC) have once again achieved excellent financial performance in the third quarter of fiscal 2013. The group reported, over this period*, total revenues of $11.58 billion (about €8.7 billion), up 4% compared to the previous year.

"We are pleased with the results we delivered in the third quarter. We are confident that our strategy of creating high-quality branded content positions us well for the future," commented Robert A. Iger, Chairman and CEO of the company.

Disney's theme parks and resorts sign strong financial results with revenues up 7% in Q3 of FY 2013.

The largest operator of attractions in the world – more than 126 million visitors in 2012** - announced that its different parks and resorts around the globe had reached a third-quarter revenues of $3.68 billion (€2.75 billion), up 7% compared to 2012. The positive trend observed during the first half has thus continued, the activity surpassing the $10 billion of turnover in respect of the first 9 months of the year, up of 9% to prior fiscal.

The operating income of the parks in the third quarter increased 9% compared to the previous year to stand at $689 million. This performance is particularly attributed to the good performance of both Walt Disney World Resort in Florida and Disneyland Resort in California. Internationally, Disney stated that Tokyo Disney Resort and Hong Kong Disney Resort have performed well, Disneyland Paris being the only unit of the group that recorded a decline of its revenues in the third quarter. For the first nine months, global operating income for the parks and resorts segment rose 17% to $1.65 billion.

In the United States, the increase in operating income was driven by a combined increase in average spending per guest, in hotel occupancy rates, and in attendance (+3%). During the earnings conference call, TWDC Senior Executive Vice President and Chief Financial Officer Jay Rasulo has notably stated that the Magic Kingdom had reached record levels in terms of attendance during the quarter. In addition, both Walt Disney World Resort Disneyland Resort have noted a 7% increase in the number of foreign visitors, a positive sign for the fourth quarter. The company said the forecast for the fourth quarter is good, with bookings of stays up 3% at this time.

Investments over the first 9 months of the year totaled $1.37 billion versus $2.3 billion in the previous year that included the opening of Cars Land in California.Significant new guest offerings in FY 2013 include the MyMagic+ initiative.

The increase in average spending per visitor is mainly due to higher spending in food and beverage, but also due to higher average ticket prices. Effective early June, prices indeed increased 1 to 15% depending on the parks, a 1-day admission to Magic Kingdom amounting now at $95 versus $89 before. According to Bob Iger, the company didn't sense any backlash from the marketplace at all, which reinforces Disney's dared choice considering that the shadow of the economic crisis still looming over tourist activities in North America.

Results were partially offset by higher costs, including related labor costs and spending on new guest offerings. Significant new guest offerings include the MyMagic+ initiative (read our previous article), the Disney's Art of Animation Resort and the expansion of the themed area Fantasyland at Magic Kingdom. Investments over the first 9 months of the year totaled $1.37 billion versus $2.3 billion in the previous year, which was marked by the acquisition of a new ship for the Disney Cruise Line fleet, the construction of Disney's Art of Animation Resort and the expansion of Disney California Adventure.

Disney is currently working on several large projects for its theme parks, plans especially related to the universe of Avatar, Marvel, Pixar and Star Wars of which it now holds the rights since the purchase of Lucasfilm at the end of 2012. According to Bob Iger, the new franchises have obvious value to the business development of the company in all of these areas of activity, including for its theme parks in both the United States and internationally.

* Dates of Third Quarter: April 1 to June 29, 2013
** According to the annual ranking of amusement park attendance levels conducted by the TEA and AECOM
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(11 articles found)

NewsParcs to take an extended break read more

These past three years have been intense for NewsParcs. Our magazine, which has been dedicated to the global theme parks industry since 1998, underwent major changes to become one of the most appreciated magazines among many...

CORPORATE | NewsParcs - Published on January 28, 2014
TEA's experience design conference SATE 2013 debuts this week in Savannah, USA read more

The non-profit organization Themed Entertainment Association is organizing its 9th annual conference on experience design SATE 2013 from October...

EVENT | NewsParcs - Published on September 29, 2013
Win tickets for Euro Attractions Show 2013 in Paris read more

Euro Attractions Show, the largest conference and trade show for the attractions industry in Europe, will be held this year from September 18-20,...

EVENT | NewsParcs - Published on July 2, 2013
Theme Park Industry Year in Review 2012 : part 3 read more

We conclude today our retrospective of the year 2012 in the theme park industry by focusing on the trend of water parks and on the highlights of the leading suppliers and manufacturers. We conclude with an original twist...

FEATURE | NewsParcs - Published on January 18, 2013
Theme Park Industry Year in Review 2012 : part 2 read more

After addressing a number of topics in the first part of our 2012 retrospective, in this article we discuss the trends and major rollercoaster projects of the year, before reviewing the highlights of the leading suppliers a...

FEATURE | NewsParcs - Published on January 14, 2013
Theme Park Industry Year in Review 2012 : Part I read more

While 2013 has just begun and the glances are now turned to the coming months, NewsParcs today takes a little time to look back on 2012 one last time by presenting a retrospective of the year. In a changing world, where...

FEATURE | NewsParcs - Published on January 6, 2013
Best Wishes and a Happy New Year 2013! read more

The whole team of NewsParcs wishes you a Happy New Year 2013! If this is not yet the case, we kindly invite you to subscribe to our newsletter in order to receive - at the frequency of your choice - the summary of the ...

EVENT | NewsParcs - Published on January 1, 2013
Happy Holidays! read more

All the team of NewsParcs wishes you a merry Christmas and happy holidays! We hope to see you in early January for our next updates, beginning with the year in review! Please feel free to subscribe to our newsletter, so ...

EVENT | NewsParcs - Published on December 21, 2012
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