Interim CFO Kevin Lansberry said during Wednesday’s earnings call for The Walt Disney Company that they expect investments in Disney Parks, Experiences and Products to “ramp up” in the latter half of the next 10 years.
Future Investments in Disney Parks
“We anticipate robust operating income growth at experiences to reflect strong performance at our international parks and Disney Cruise Line,” Lansberry said. “While domestic parks and experiences is expecting solid growth for the full year, that growth will be heavily back-end loaded due to continued challenging comparisons in the first half of the year from the 50th anniversary at Walt Disney World, and inflation. We continue to be bullish. As evidenced by a recent announcement on significant investments we plan to make over the next 10 years to turbocharge growth in this area.”
Disney stated in a September filing that they plan to double their spending when it comes to Disney Parks and Disney Cruise Line over the next 10 years.
“We expect those investments to ramp up towards the back half of that 10-year period,” Lansberry added, “with more gradual increases in the first few years.”
Earlier this year, Disney Parks, Experiences and Products Chairman Josh D’Amaro said they are focused on growth in existing theme parks, not on building more resorts. Disney later stated they have “over 1,000 acres” to expand existing parks.
CEO Bob Iger also said “turbocharging growth” at Disney Parks is one of four “key building opportunities” they are focusing on.