Increased spend boosts Disney Parks revenue

Magic Kingdom entrance. Photo credit: Katherine Welles/Shutterstock.com
Magic Kingdom entrance. Photo credit: Katherine Welles/Shutterstock.com

Higher ticket prices and selling more merchandise has helped Disney’s theme parks and resorts see a 9% increase in revenue in the last three months of 2014.

The division’s revenue was up to US$3.9 billion with operating income up 20% to US805m.

Spend was up mainly at its US-based resorts across merchandise, food and drink as well as on its cruise ships against a higher number of passenger cruise days.

A decrease was seen in its international operations due to the opening of the Shanghai Disney Resort and the weaker Japanese yen impacting the figures for Tokyo Disney Resort. However Disneyland Paris performed well with higher guest spending, ticket prices, visitor numbers and room nights.

Overall the Walt Disney Company, which also includes its media networks, films, online and consumer products, posted a 9% increase in revenue to US$13.39bn and net income of US$2.18bn, up 19%.

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