Walt Disney Co (DIS.N) said on Wednesday it is raising some theme-park ticket prices for its Disneyland resort in California and Walt Disney World in Florida, weeks after the entertainment giant unveiled a hefty spending plan for its parks business.
A Spider Bot is pictured on a backpack ahead of the opening of the Avengers Campus area at Disney California Adventure Park in Anaheim, California, U.S., June 1, 2021. Picture taken June 1, 2021. REUTERS/Mario Anzuoni/File Photosaid on Wednesday it is raising some theme-park ticket prices for its Disneyland resort in California and Walt Disney World in Florida, weeks after the entertainment giant unveiled a hefty spending plan for its parks business.
The company has hiked prices at Disneyland by up to 8.9%, with the price per ticket on busy days such as holidays increasing by 8.4% to $194. Yearly pass prices at Walt Disney World in Orlando are rising by up to 10%, with the most expensive Incredi-Pass now selling for $1,449, up $50. Disney's parks business recorded a strong rebound from the pandemic but domestic footfall has grown softer recently as a high cost of living in the United States likely deters people from spending on theme parks.The attempts to boost revenue come after Disney revealed a $60 billion spending plan on parks and cruises over the next 10 years - a plan that came amidThe price changes are effective immediately, Disney said in a statement on Wednesday.
It is not hiking daily pass prices at Florida, and is also maintaining the same price of its cheapest ticket at Disneyland, at $104, which hasn't changed in four years.LVMH's shares slumped on Wednesday to their lowest level since December after the French luxury group reported slower third-quarter sales growth, providing evidence that inflation and economic turmoil are curbing a post-pandemic spending spree.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney ups price of some tickets to enter Disneyland and Walt Disney WorldDisney said it is also increasing the price of parking and annual passes for Walt Disney World in Florida.
Read more »
Disney Raises Prices at Disneyland, Walt Disney World Theme ParksEntertainment conglomerate looks to get more out of parks division
Read more »
Disney raises prices at Disneyland, Walt Disney World; bringing back perksThe cost of going to a Disney park is going up again.
Read more »
Disney raises prices at Disneyland, Walt Disney World; bringing back perksThe cost of going to a Disney park is going up again.
Read more »
Disney Raises Some Prices at Disneyland and Disney WorldThe price of parking and many passes are rising at the U.S. resorts, though the company is also bringing back Park Hopper benefits and other offerings.
Read more »