Wednesday, October 16, 2024
HomeWealth ManagementDisney faces short-term pressures as park attendance slows and competitors rises

Disney faces short-term pressures as park attendance slows and competitors rises


Regardless of these fast challenges, Prentiss expressed optimism about Disney’s long-term plans. He praised the corporate’s capital spending on its parks, which incorporates including new lands, rides, and sights to “clean up” current areas.  

Nevertheless, he acknowledged that it’s going to take time for Disney to see returns on these investments.   

Concerning pricing at Disney’s parks, Prentiss mentioned he doesn’t anticipate a lower. “We don’t suppose costs are coming down… we do suppose attendance can go up as nicely,” he mentioned.  

Nevertheless, he added that the problem can be how a lot development Disney can realistically obtain, stating, “It’s not that we expect it’s going to be a discount within the pricing, it’s simply that there’ll be strain in how a lot development are you able to really obtain.”   

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