The Walt Disney Company reported its quarterly earnings yesterday for the first fiscal quarter of 2018, which ended December 30, 2017, and Parks and Resorts saw a significant revenue boost.
Compared to the first fiscal quarter of 2017, Parks and Resorts saw a 13% increase in revenue, bringing $5.2 billion.
The report credits higher average ticket prices, food, beverage, and merchandise spending, and average daily hotel room rates as the main reason for the revenue bump regarding domestic parks. It also mentions a boost to Disney Vacation Club due to the opening of Copper Creek Villas & Cabins.
WATCH – COPPER CREEK VILLAS DVC SUITE TOUR:
The report mentions Disneyland Paris aiding in the revenue increase thanks to increased ticket prices and higher attendance, both of which benefitted from the 25th-anniversary celebration.
With all the exciting new additions coming to Disney Parks and Resorts shortly, we can only guess we’ll continue to see trends like this.