Participation and other revenues continue to rise at The Walt Disney Company's theme parks, Disney CEO Bob Iger reported in conference call with investors today. Disney's first quarter of the fiscal year 2019 reported that the division's revenue, which includes the company's theme parks, increased by five percent to $ 6.8 billion over the three-month period, and revenues increased by 1
"Revenue growth at our domestic theme parks and resorts was due to increased guest expenses and higher occupancy rates. The increase in guest expenses was due to higher average ticket prices, increases in food, beverages and commodity costs and higher average hotel rates," says Disney in his report. summary for the quarterly report.)
"The presence of our household parks was comparable to the first quarter of last year, but per capita spending increased by 7% on higher intake, food and beverage and commodity expenses" Disney CFO Christine McCarthy said. domestic hotels were up 5%, and occupancy was up 3 percentage points to 94%. So far, the quarter has increased 4% in the household, compared with the previous year, while booked prices are up 1%. In our international business, the first quarter was lower than last year, when Hong Kong Disneyland Resort's growth was offset by lower results at Shanghai Disney Resort and Disneyland Paris. "
There wasn't much else about investor ring amusement parks this time around, but Iger responded to a question about Disney's plans to advance his upcoming Star Wars: Galaxy's Edge land at Disneyland and Walt Disney World's Disney Studios.
"I want to say on the marketing side, don't expect much," Iger said. "I think maybe I should just tweet," It opens, "and it will be enough. We will end up with an incredibly popular and sought after product with these two new countries. They are great. They are beautiful. They are beautiful and they are extremely innovative. And they obviously exploit the popularity of the Star Wars brand. And I think we have no problem getting attention to them or to them. It's not going to take much marketing to do that. "
" It's a signal I just sent to our parks and resorts people to keep the budget very low, "he laughed.
Iger also addresses Disney's pricing strategy on tickets and annual passes, which Disney uses to try to level out the demand for the parks throughout the year.
"We know that tribulation can be a problem and when our parks are most crowded, the guest experience is not what we want to be," said Iger. "So we take advantage of the popularity of increase pricing and spread demand – to become much more strategic about how we are pricing, so the parks are still available, but in the highest peak periods we try to manage the meeting so that guests' experience is not reduced. "
Iger also noted" softness "in Shanghai Disneyland, although the park is still profitable but" less so "than the company thought it would be. But Iger repeated Disney's involvement in the market. Disney recently announced plans for a Zootopia -members in the park, after the expansion with a Toy Story Land last year.
Overall, Disney reported revenue of $ 15.3 billion, which was flat compared to the same period a year ago. down 3 percent, when studio performances delayed when Disney did not have a new Star Wars movie or other big blockbuster in the Christmas season this year. [Sorry Nutcracker and Four Realms fans. Both.)
Much of the conversation was dedicated to plans for Disney's new streaming service, Disney +, which will be the exclusive streaming home for Captain Marvel and other future Disney movies after completing their theatrical performances. spend $ 150 million this year in the content license revenue it would have received by letting other services, such as Netflix, view those movies.
Iger said Disney might sell Disney + in a package with its ESPN + and Hulu streaming services as well as separately. Iger said Disney plans to get Fox to develop more content for Hulu, which the company will position as a more adult-oriented alternative to Disney +. The Disney + service will start later this year following a demonstration of the app in an investor event on April 11.