Disney Predicts Global Theme Park Downturn

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Following its recent third quarter fiscal year earnings statement, Disney expects its theme parks to see a dip in demand through the rest of the year. The parks experienced a 3% year over year decrease in operating income, and the company admits that it expects domestic inflation to discourage American travelers from heading to domestic parks over the next few quarters.

Shortly following the earnings statements, Disney dropped some of its prices of theme park tickets, food and hotel prices to try and encourage more budget-conscious travelers to visit. However, the company is ready to experience further declines, turning to its other segments to make up the difference.

(Travel Pulse 08.07.24)

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