The next wave of Disney theme park expansion in the U.S. is primed to be in California rather than Florida.
It's a tale of two coasts as the entertainment giant aims to invest $60 billion in its crown jewel parks and cruises over the next decade to help deliver more value to shareholders. In California, the city council in Anaheim — where Disneyland Resort is located — approved last month a company plan to expand the development of its 490-acre campus in Southern California.
"There are good reasons to be cautious about Disney's short-term revenue growth once Epic Orlando is opened," said Peter Supino, an analyst at Wolfe Research. He referenced that back in 2010 when Universal launched Harry Potter World in Orlando, attendance slowed in Disney World. After an initial bump when Epic opens, Supino expects things to "settle into a duopoly market in Orlando.
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