Disney will invest $60 billion in parks and cruise line over the next decade

21-09-23

• Disney said that per capita spending by guests at domestic parks will grow by 42 per cent from 2019 to 2022.

The Walt Disney Company plans to spend around $60 billion on its Disney Parks, Experiences and Products division over the next 10 years.

This almost doubles what the company has spent on Disney Parks in the last 10 years, Disney said in a Securities and Exchange Commission document on Tuesday.

The 60 billion dollars will go towards "investing in, expanding and improving domestic and international parks and cruise line capacity". Earlier this month, Disney announced that a major expansion of the Magic Kingdom is in the pipeline.  

Disney stated that its "financial position is solid", allowing for investment in expansion and development.

In slides included in the SEC filing, Disney said there was strong growth in Disney Parks revenue, which went from $23.5 billion in fiscal 2017 to $32.3 billion in the last 12 months of data as of the third quarter of fiscal 2023. Operating revenue in the same period increased from $6 billion to $9.2 billion.

From fiscal 2019 to fiscal 2022, Disney said, per capita spending by guests at domestic parks grew by 42 per cent.

Disney said it has more than 1,000 acres of land around the world for potential development.