Ep: 28 May 12th - Fantasy Springs and Financial Reports

Nuts about Theme Parks

- At Tokyo Disneyland Resort we’ve seen the first media previews of Fantasy Springs at DisneySea. Check out coverage from many people but especially TDRExplorer to see glimpses of the new land and new attractions: Anna and Elsa’s Frozen Journey, Rapunzel’s Lantern Festival, Peter Pan’s Never Land Adventure, and Fairy Tinker Bell’s Busy Buggies.

- In the US Pixar Fest marketplaces (food booths) at Disney California Adventure as part of Pixar Fest. The food stands offer a variety of bites and drinks inspired by Pixar films "Inside Out," "Elemental," "Luca," "Turning Red," "Soul," and "Ratatouille."

- WDW has announced the opening of their next DVC villa the Island Tower at Disney's Polynesian Villas & Bungalows will begin welcoming guests this December.

- The DisneylandForward proposal won final approval from the Anaheim City Council this week, clearing the way for expansion at the Disneyland resort.

- Disney has announced its Halloween plans. Mickey's Not-So-Scary Halloween Party returns to Walt Disney World's Magic Kingdom starting Friday, August 9 this year. One the west coast, Oogie Boogie Bash – A Disney Halloween Party will return to Disney California Adventure for 27 nights, starting Sunday, August 25. around the world, Hong Kong Disneyland will bring back its Halloween celebrations, including House of De Vil-lains, the "Let's Get Wicked" show, and Nightmare Before Dinner experience, on September 12 and continuing through October 31. At Disneyland Paris, the Disney Halloween Festival will run October 1 to November 3. And the Tokyo Disney Resort will stage Disney Halloween from October 1 through November 7, with new theming and entertainment at Tokyo Disneyland.

- First quarter financial reporting in the us this week. At Six Flags, attendance for the three months ending March 31 was up 6% over the comparable period one year ago, to 1.7 million visitors. Total guest spending per capita was down 8%, however, to $74.35. That led to a 6% drop in revenue, to $133 million. The result was an 18% increase in net loss, to $83 million.

- At Cedar Fair, attendance jumped 27%, to 1.35 million, over the same period in 2023, despite the company's parks being open for just 117 total days in the quarter compared with 161 operating days during the same time in 2023. However, average guest in-park spending dropped 6%, to $60.53 and costs were up 10% for the quarter, leading to a net loss of $133 million. Both companies confirmed in their statements that their merger of equals will conclude in the next quarter.

- Attendance rose 2.1% at United Parks & Resorts (which is the new name for SeaWorld parks and resorts) for the first three months of the year, compared to the same period on year ago, the company reported this week.

- Disney's Experiences segment, which includes the theme parks and Disney Cruise Line, reported revenue of $8.39 billion for the three months ending March 30, 2024. That's up 10% from the same period in 2023. Operating income was up 12% for the quarter, to $2.286 billion. The International parks in Paris, Hong Kong and Shanghai led the segment, with 29% growth in revenue and 87% growth in income for the quarter. Disney also noted strong results at Walt Disney World in Florida, though it also noted lower results at Disneyland in California. Disney said that attendance was up at Disneyland, but lower occupied room nights and inflation offset those gains.