Disney's US parks experienced a decline in attendance toward the end of 2024, primarily attributed to the effects of recent hurricanes. The company reported flat operating income for its Experiences division (parks, resorts, and cruise lines) in the quarter ending December 28th compared to the previous year. Hurricanes Helene and Milton, which made landfall in Florida, significantly impacted attendance at Walt Disney World. While the company projected a 6 to 8 percent increase in operating income for its Experiences division for the remainder of the fiscal year, the hurricane's impact highlights the vulnerability of Disney's earnings to natural disasters.
Attendance at Disney's U.S. parks saw a dip toward the end of 2024, which the company has attributed to the effects of recent natural disasters.The company held its quarterly earnings call on Wednesday, during which it announced that revenue in its Experiences division—which operates Disney's parks, resorts and cruise lines—had seen its operating income stay essentially flat in the three months that ended December 28 compared to the same period the previous year.
In addition to the likelihood of another intense hurricane threatening Florida—which climatologists predict is likely—Disney's other domestic park, Disneyland, could also be at risk if extreme wildfires again strike California and reach Anaheim.What To KnowDespite the recent downturn at its domestic parks, data indicates that overall attendance at Disney's locations has been increasing both domestically and globally since the pandemic.
DISNEY THEME PARKS HURRICANES ATTENDANCE EARNINGS
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