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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
Hong Kong Disneyland to introdoce Iron Man Experience First major Marvel attraction planned in 2016
Hong Kong Disneyland to introdoce Iron Man Experience
Theme Park Supplier's News of the Week #11 Zamperla, Simworx, Electrosonic, Vortex
Theme Park Supplier's News of the Week #11
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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Latest Industry News

CORPORATEPublished on January 28, 2014 NewsParcs to take an extended break
EVENTPublished on November 10, 2013 IAAPA Attractions Expo 2013 debuts next week in Orlando
CORPORATEPublished on November 10, 2013 Difficult season for Compagnie des Alpes' amusement parks
NEWPublished on October 21, 2013 Theme Park Supplier's News of the Week #12
EVENTPublished on October 21, 2013 Success for the 33th symposium and trade show of the World Waterpark...
NEWPublished on October 13, 2013 Disney to introduce first major Marvel attraction at Hong Kong...
NEWPublished on October 13, 2013 Theme Park Supplier's News of the Week #11
NEWPublished on October 13, 2013 Theme Park Industry News Roundup – Issue #6
NEWPublished on October 6, 2013 Premier Rides wins €8 million contract to build a launch coaster...
581 articles published » See all articles

Welcome!

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.

NewsParcs, connecting the theme park industry!

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.

Follow us on Twitter (@NewsParcs) from November 19 to 22 with the hashtag #IAAPA

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

All Articles(613 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
IAAPA Attractions Expo 2013 debuts next week in Orlando read more

World theme park capital Orlando is about to welcome the global attractions industry for the 2013 edition of IAAPA Attractions Expo, the annual...

EVENT | IAAPA Attractions Expo - Published on November 10, 2013
Difficult season for Compagnie des Alpes' amusement parks read more

The Compagnie des Alpes leisure parks recorded disappointing financial results during fiscal year 2012/2013 which ended on September 30. The...

CORPORATE | Compagnie des Alpes - Published on November 10, 2013
Theme Park Supplier's News of the Week #12 read more

Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world.  This weekly report covers topics such as corporate announcements, financial ...

NEW | Roundup of News - Published on October 21, 2013
Success for the 33th symposium and trade show of the World Waterpark Association read more

The World Waterpark Association (WWA), the global leading water-leisure trade association, has made a positive assessment of its 33th annual...

EVENT | World Waterpark Association - Published on October 21, 2013
Disney to introduce first major Marvel attraction at Hong Kong Disneyland in 2016 read more

When The Walt Disney Company acquired Marvel Entertainment in 2009, its intention was to strengthen its position as a leading global provider...

NEW | Hong Kong Disneyland Resort - Published on October 13, 2013
Theme Park Supplier's News of the Week #11 read more

The NewsParcs' Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world.  This weekly report covers topics such as corporate announcements, ...

NEW | Roundup of News - Published on October 13, 2013
Theme Park Industry News Roundup – Issue #6 read more

Our Industry Roundup is a summary of the latest major news related to the theme park industry worldwide. We report news specifically on operators, owners, trade associations and related organizations, including trends, attendance...

NEW | Roundup of News - Published on October 13, 2013
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