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Orlando Sentinel
Orlando Sentinel
Business
Katie Rice

Visitor spending fuels soaring revenues at Disney theme parks

Visitor spending is up at Disney’s U.S. theme parks as average daily attendance has been only slightly below pre-pandemic levels of 2019 so far this fiscal year, Disney executives said Wednesday.

In a third-quarter earnings call Wednesday, CEO Bob Chapek and CFO Christine McCarthy attributed increased guest spending to ticket add-ons like skip-the-line service Genie+ and higher average hotel rates year-over-year. About 50% of park guests buy Genie+, Chapek said.

Disney’s third quarter began in early April, as its fight with Gov. Ron DeSantis over Florida’s so-called “don’t say gay” bill intensified when the measure passed the Legislature in mid-March and Chapek said he would fight it. DeSantis and the Legislature dissolved Disney’s Reedy Creek Improvement District in April, and some conservatives encouraged boycotts of the company.

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