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Disney doubling investment in theme parks, cruise line
Walt Disney Co plans to double investment in upgrading theme parks and its cruise business over the next decade.
It said it would inject $60 billion into its Disney Parks, Experiences and Products division over 10 years.
Despite issues in Florida, the theme park business is a growth engine while other divisions like the streaming business is seeing a slowdown.
The plan is to ‘expand and enhance’ its theme parks at home and overseas.
The company has ‘over 1,000 acres of land for possible future development.’
Josh D’Amaro, chairman of Disney Parks hinted ‘Frozen’ themed attractions could come to Disneyland in Anaheim.
“Wakanda has yet to be brought to life. The world of Coco is just waiting to be explored. There’s a lot of storytelling opportunity.”
The company said parks in Asia are performing ‘exceptionally well.’
Disney has already committed to a large investment in the cruise business.
It acquired the half-finished Global Dream mega cruise ship from Crystal cruises owner, Genting Hong Kong.
The 200,000 gross ton ship will dwarf other vessels in the fleet.
Disney cruise Line has also expanded with sailings in Australia and New Zealand.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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