Disney Raises U.S. Theme Park Prices
Walt Disney Co. raised admission prices to its theme parks and said it plans to announce
fixed-date ticketing in coming months to help decrease crowding at peak times.
The company said
on Sunday it was changing the admission price for its U.S. theme parks, raising
the cost of some single-day tickets by almost 9 percent.
Disney, which has a three-tier
structure that charges visitors more during peak periods to help spread out
crowds, said peak one-day tickets for a single theme park at the Disneyland
Resort in Anaheim, California, would see the biggest increase, rising to $135
from $124.
Value and regular one-day tickets
are now $97 and $117, respectively, compared to $97 and $110 last year. One-day
prices to the Magic Kingdom at Walt Disney World in Orlando, Florida rose 2
percent to 4 percent, with tickets there now ranging between $109 and $129.
Sustained
by new attractions like Pandora: The World of Avatar, the theme parks and resorts accounted for a third of
Disney’s $55.1 billion in 2017 revenue, with domestic attendance hitting a
record high. The increased demand has generated crowding and longer waits for
visitors during popular times like spring breaks.
“We know
how important making memories at Disney theme parks is for our guests,"
said Kim Prunty, a spokeswoman for the Burbank, California-based entertainment
company.
“We will
continue to evolve our pricing in a way that gives them a range of options to
meet their budget and helps better spread attendance throughout the year so
they can make the most of every visit.”
The company also said that it plans to
make changes to its annual pass program at Disneyland as well make its
multiple-day tickets to Walt Disney World date-specific in order to help manage
the crowds, particularly as it prepares to open a new Star Wars attraction at
both parks next year.
Details on
the fixed-date tickets designed to control attendance will be released in
advance of next year’s opening of Star Wars Lands.
Theme parks are Disney's
second-largest division, bringing in $18.4 billion in revenue and $3.8 billion
in operating income for the fiscal year that ended in September, according to
company earnings reports.
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Disney Raises U.S. Theme Park Prices
Reviewed by fsmsmart
on
February 12, 2018
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