Disney CEO Bob Iger says that theme park demand is softening from peak post-COVID travel

May 07, 2024 in "The Walt Disney Company"

Posted: Tuesday May 7, 2024 8:55am ET by WDWMAGIC Staff

During today's earnings call, Disney CEO Bob Iger discussed recent trends in park attendance and financial performance.

Iger noted a shift towards normalization following the peak post-COVID attendance, although the parks division still achieved a 10% growth this quarter. Iger pointed out that future bookings remain robust, indicating potential for continued strong growth.

Looking ahead, Iger mentioned that despite some one-time expenses in the third quarter, adjusted operating income (OI) is expected to show solid growth—mid to high single digits in Q3 and double digits in Q4.

Iger told investors, "We still see in the bookings we look ahead towards indicate healthy growth in the business. So we still certainly feel good about the opportunities for continued strong growth." He continued, "I feel like the parks business is still doing very very well. We've got the best in the business in terms of product. People still have a strong desire to basically go on vacation and come to see us."

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Lilofan4 minutes ago

Yep that was the 2008 $100 billion stimulus package to us to hopefully help boost the struggling economy.

Sirwalterraleigh35 minutes ago

…the bot doesn’t understand too much

seabreezept8131 hour ago

We took the portions we got for our kids and put it in their college accounts, the rest went into savings. We try to do that with our tax returns too. I know a lot put it into student loans.

rd8052 hours ago

It's REALLY hard -- even though we are in a heat wave up here in PA, i don't want that for a nonstop trip. If i build in some rest days, water parks, relaxing; then maybe i could in the summer, but i had a really difficult time keeping calm during the heat on a few occasions lol.

CntrlFlPete3 hours ago

Yes, it does have a logic to it and I tend to be sarcastic. I was pretty sure I had heard that (w/ the same logic behind it), but that was before Facebook. I often will guess what MK Monday might be like based on Sunday night at Disney Springs based on that logic. I just found it funny that I found MK Monday as slower than normal (based on crowd, not wait times) while they had found Tuesday to be on the crowded to typical side. Anyway, when/if trends change, I imagine some of these sayings are too imbedded ;-)

JD803 hours ago

I'm sure blackout dates add something to that as well.

DisneyRoy4 hours ago

That’s a pretty common statement in Facebook groups. With the reason being a lot of people travel on Sunday and make MK their first park on Monday. So it’s usually more crowded then.

jpeden7 hours ago

Looks like we are giving 30% off and free park hoppers with 4 day tickets during the holiday season....what say you @PREMiERdrum ?

Lilofan15 hours ago

Apparently that isn't Florida / post hurricane

solidyne20 hours ago

Yes, when demand for an item goes up while its price is artificially (i.e., by law) capped, more of the items are sold and fewer are available. If demand is particularly sharp there will be shortages. The shortages (in extreme circumstances) can lead to rationing. It was a rhetorical question. Indeed! Neither of us is saying anything new anyway. We're rehashing arguments already hashed. However, this is one of those all-over-the-map threads anyway... LOL.

Nubs7022 hours ago

We have plenty of anti gouging laws. Everytime a gouging incident comes up, my State AG sues them.

Dranth22 hours ago

Stopping people from being taken advantage of during unusual and potentially dangerous conditions leads to shortages and rationing? I must be misunderstanding where you are going with that. Typically governors or their appointees will declare a state of emergency empowered to do so by laws passed by elected legislative bodies that define when and where they can. At least in the US. Anyway, we are getting a bit off topic on this one so let's move on before we incur the wrath of Mom.

solidyne22 hours ago

Right, and those laws are foolish as they lead to shortages and rationing. Hurricanes, OK. Pandemics, OK... but where does it stop? Who defines the "emergency"?

Dranth22 hours ago

Technically I believe gouging is when you jack prices when people have no choice but to pay and, in some cases, we have laws to prevent that. For example, a gas station can't jack the pricing on gas when a hurricane is on its way. A Grocery store can't charge 10x as much for a loaf of bread if a blizzard is going to hit. Demand is irrelevant to supply in those situations because it is a temporary surge brought on by unique conditions that will soon pass. Unfortunately, what we don't have in the US is laws designed to deal with a once every century event. I would equate massively increasing prices because you can while people are stuck at home on essentials as gouging. Doing it on optional purchases may not be, I could see an argument either way, but at the very least it is comically greedy and taking advantage of the situation.