From the Business Briefs section in The Chicago Sun-Times
03 Sept 02
Credit: Bloomberg Business News and Associated Press.
Theme parks still stuck in travel downturn
For Walt Disney Co. and other theme-park operators, the Sept. 11 terrorist attacks continue to hurt sales, adding to their struggles against a sluggish U.S. economy and competition for consumers' leisure time. Disney, the second-largest U.S. entertainment company, said last month a decline in theme-park attendance will cause earnings this quarter to fall from the year-earlier period. That's partly because fewer people from outside the U.S. are visiting the company's Florida and California parks. The company said a 30 percent fall in attendance by customers from outside the U.S. contributed to a 6 percent drop in overall attendance at Disney's U.S. parks in the quarter ended June 30. Terrorism fears led to a decline in tourism from some countries to Vivendi Universal SA's Universal Studios in California and Florida, a spokesman said.
Bloomberg News, AP
03 Sept 02
Credit: Bloomberg Business News and Associated Press.
Theme parks still stuck in travel downturn
For Walt Disney Co. and other theme-park operators, the Sept. 11 terrorist attacks continue to hurt sales, adding to their struggles against a sluggish U.S. economy and competition for consumers' leisure time. Disney, the second-largest U.S. entertainment company, said last month a decline in theme-park attendance will cause earnings this quarter to fall from the year-earlier period. That's partly because fewer people from outside the U.S. are visiting the company's Florida and California parks. The company said a 30 percent fall in attendance by customers from outside the U.S. contributed to a 6 percent drop in overall attendance at Disney's U.S. parks in the quarter ended June 30. Terrorism fears led to a decline in tourism from some countries to Vivendi Universal SA's Universal Studios in California and Florida, a spokesman said.
Bloomberg News, AP