PhotoDave219
Well-Known Member
Domestic attendance for the quarter was up 10% but that included nearly an entire extra week during Christmas. (Last year's Q1 ended December 27. This year's Q1 ended January 2.)
To give you some idea of the importance of those days, Disney reported that Parks & Resorts operating income was up $176M but more than half of that ($90M) was due to those few extra days.
Thus, a good chunk of the attendance increase was due to the extra days during holiday season included in the quarter.
Also of interest:
You have to go back to 3Q2008 to find the last time room occupancy was 92% for a quarter.
- Per Capita Guest Spending: Up 7%
- Per Room Guest Spending: Up 9%
- Room Occupancy: 92%
During the Q&A, COO Tom Staggs mentioned potentially "expanding our hotel capacity down the road."
Disney's domestic theme parks are humming. Disney is recognizing this and is finally opening up the spigots on capital spending at WDW. The next several years should be the most exciting time at WDW this century.
I just wish they didn't move at the glacial pace that they do. Good to see occupancy at 92% but was that due to bodies in rooms or rooms out of inventory?