Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Disney to raise prices at theme parks in Florida and California - reports

Published 2023-10-11, 10:24 a/m
DIS
-

Investing.com -- Walt Disney (NYSE:DIS) is set to raise some prices at its theme parks in Florida and California, multiple media outlets have reported, as the entertainment giant moves to offset challenges at its streaming and linear television units.

At the firm's Disney World location in Florida, prices for annual passes will rise between $40 to $50, while parking will jump to $30 from $25, the reports said, citing a company spokesperson. Prices for date-based tickets will not be raised, however.

Meanwhile, Disneyland in California will be hiking admission for both daily and multi-day tickets by 4% to 15.7%, although the least expensive option will stay at $104, the level it has had since 2019. The price of Disneyland's Genie+ offering, a service allowing visitors to access shorter lines, has also gone up by $5 to $30 per person.

The revised pricing comes after Disney said in September that it will almost double its capital expenditures for its lucrative parks division to roughly $60 billion over the next decade. These destinations have helped to undergird profits at Disney, easing the impact of losses at its Disney+ streaming business and weakness at its traditional TV unit during an era of cord-cutting by many viewers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.