Disney CFO says its planned $60 billion parks and experiences investment will ramp up in the back half of the next ten years

Gallery / 1 Photo
Walt Disney Company headquarters in Burbank, California

Posted: Wednesday November 8, 2023 5:15pm ET by WDWMAGIC Staff

Disney's Interim CFO Kevin Lansberry has shed more light on Disney's previously announced plans to invest $60 billion in theme parks and experiences over the next ten years.

Walt Disney Company headquarters in Burbank, California

Lansberry said that while domestic parks and experiences is expecting solid growth for the next year, that growth will occur towards the end of 2024 due to continued comparisons in the first half of the year from the 50th anniversary at Walt Disney World and inflation.

He reiterated Iger's comments that the company continues to be bullish about the parks with plans to make significant investments over the next ten years to turbocharge growth in this area.

The outgoing CFO said to "expect those investments to ramp up towards the back half of that 10-year period with more gradual increases in the first few years."

Speaking in April 2023 at the Walt Disney Company Annual shareholder meeting, Disney CEO Bob Iger said that Disney plans to spend $17 billion over the next ten years, specifically at Walt Disney World, bringing 13,000 new jobs to the area.

Discuss on the Forums

Get Walt Disney World News Delivered to Your Inbox

Sirwalterraleigh13 days ago

They’re both in their 80s At the end of the day…they had an axe to grind…they created a stunt…they got their jollies and moved on.

Ayla13 days ago

I forgot to mention, our destination is not Florida.

coffeefan13 days ago

I'm not surprised. Discourse about the economy, inflation, and tourism were hot topic these past few years. But now that the economy didn't improve, but instead is getting worse, suddenly...

Wendy Pleakley13 days ago

Remember the speech in which any alleged Florida travel boycott was mocked, based on 2024 travel numbers?

Trauma13 days ago

Sorry I don’t follow airline news so I didn’t know. Thanks for the info.

MisterPenguin13 days ago

wannabeBelle13 days ago

um yeah https://thepointsguy.com/airline/what-to-do-re-southwest-changes/

Trauma13 days ago

Did SWA change a policy or something ?

LSLS13 days ago

Maybe I'm misreading the original post, but I took it as a few nights would be $400 (so $200 a night). That would line right up with what you are seeing here after taxes/fees/parking/etc. charges, and that is in fact exactly what we paid for a weekend in Columbus in February.

Ayla13 days ago

I am very interested to see SWA next quarterly. We booked flights for next month to use up our points and then we're done. Credit cards cancelled and on to flying with Delta or United (which we typically fly first class on them). SWA is no longer an option. It will be interesting to see how full our planes are on our way to our destination.

Jrb197913 days ago

Comcast should be fine next quarter as Epic has most of the first month sold out. For Disney it's a bit concerning just due to the amount of discounts they are putting out.

BrianLo13 days ago

I’m flying tonight from Miami to YVR and I acknowledge it’s Easter… but the seat map looks like early COVID. 80%+ empty plane. I’ve been here for a few weeks and the drop off is shocking. I’m intrigued to hear the operators start reporting their quarterlies. Comcast on the 24th and Royal on the 29th are two to look out for.

monothingie13 days ago

What the hell is "Flavour"? Sounds French.

nickys14 days ago

Yes. There have been better ones recently. The ticket offer is standard every year. The free dining used to be standard. Since Covid they’ve offered a dining credit rather than the plan, which is more flexible. Free gift cards of $200 have usually been offered recently. Those in Ireland are getting less cash, half I think. Which is mean, given £ and € are pretty close.