Walt Disney Reports 22 Percent Profit Increase
The Walt Disney Company has reported a 22 percent increase in its second-quarter profit as compared with results from last year. uring the same period in 2007, profits stood at $919 million while this year it has reached $1.13 billion. Revenue from the company’s parks and resorts revenue has grown 11 percent reaching $2.73 billion.
This is Money quotes chief executive Robert Iger.
‘Given the economic environment, we’re pleased with the performance last quarter of our parks and resorts,’ said chief executive Robert Iger. ‘Our parks have been resilient to date.’
The chief executive has also mentioned that about 75 percent of Walt Disney World hotel rooms are considered as moderately priced or value-priced. Robert Iger also added that they have great creativity and make investments in the right attractions. Travel Weekly posts on the issue.
Clearly thereâ’s a lot of attention on the segment for good reason. We’ve got great creativity. We’ve invested in the right attractions. We put our capital in the right place. And so, we have basically built out a portfolio of rooms that are more accessible to more people, to a broader section, said Iger. Now, you still are riding the same attractions and seeing the same shows and essentially the price/value relationship is considered a lot stronger than it was back then, and we think all of these factors are contributing nicely to the results that we’ve seen.
Photo: © Heather Garland
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