Hamilton Mayer International’s Post

The entertainment company may construct a fifth theme park in Orlando, following an initial agreement with the local oversight board. Highlights: - Disney’s plan to build more magic in Florida — $17 billion worth — has taken a step forward. The Central Florida Tourism Oversight District provided initial approval Wednesday for a new development agreement with The Walt Disney Cos. to expand its footprint in the state. - The development agreement covers about 17,000 acres of land owned by Walt Disney Parks and Resorts in Orlando, Florida, and is over a 15-year timespan, according to information presented at the CFTOD meeting. - The deal includes a “buy local” initiative that requires that a minimum of 50% of construction goods and services related to design, development and construction is with Florida businesses. https://lnkd.in/e7K9235p #construction #disney #orlando

'Disney Plans $60B Expansion of Theme Parks Business' "In a dramatic expansion of its theme parks, products and cruise line business, The Walt Disney Co. says that it will spend $60 billion over the next 10 years to turbocharge growth in the lucrative division." "In a presentation to investors at Disney World on Tuesday, the company said that it had more than 1,000 acres of land available for development, including at Disneyland in California, Walt Disney World in Florida, its theme parks in France, China and Japan, and cruise ship ports in the U.S., Asia, and Australia." "“According to Disney’s internal research, there is an addressable market of more than 700 million people with high Disney affinity it has yet to reach with its Parks,” the company says. “In fact, for every one guest who visits a Disney Park, there are more than ten people with Disney affinity who do not visit the Parks.” #WaltDisney #Disney #themeparks #themedentertainment #experiences

The Walt Disney Company and Florida Governor Ron DeSantis have resolved their feud by striking a deal allowing #Disney to develop Walt Disney World Resort near Orlando for the next 15 years. This agreement follows a dispute stemming from criticism by former Disney CEO Bob Chapek of a state legislative effort known as the "Don't Say Gay" law. Under the deal, Disney will invest at least $8 billion in the resort over a decade, with a total of $17 billion over 10 to 20 years. Additionally, Disney will expand affordable housing initiatives and ensure at least 50% of its spending in the expansion benefits Florida businesses. The agreement grants Disney the ability to build a fifth theme park, expand retail and office space, and add approximately 14,000 hotel rooms. Disney President Jeff Vahle hailed the agreement as paving the way for significant investment in Walt Disney World Resort. Follow Amanda Newman to stay up to date with technology. https://lnkd.in/eRUYSvEt

https://lnkd.in/dFBms79V Disney to invest billions to expand theme park and cruise capacity - Disney plans to invest $60 billion in its parks and experience division over the next decade - About 70% of that investment is earmarked for incremental capacity-expanding investments. Every Disney theme park and cruise line will receive a portion of the investment - During the first quarter, Disney Parks and Experiences operating income and revenue reached “all-time records,” said Iger. The division generated $9.1 billion in revenue, up 4% from last year

Visiting “the happiest place on earth” just got more expensive, with The #WaltDisney Company (NYSE:DIS) on Wednesday announcing price increases for its theme parks in the United States effective immediately. This attempt to boost revenue at the parks comes after Disney unveiled a $60 billion, 10-year spending plan for its parks and cruises. Annual passes for Walt Disney World in Florida will rise between $30 and $50 depending on the pass and parking will increase by $5, Disney said on Wednesday. At California’s Disneyland, the price of all ticket options is increasing between $5 and $65, depending on the ticket type, in addition to price increases for parking and the Genie add-on. The cheapest, date-based tickets are not increasing in price at either park, remaining at $109 and $104, respectively. More at #Proactive #ProactiveInvestors #NYSE #DIS http://ow.ly/Qrim104Xtbb

🌟 Exciting News from Disney! 🌟 The Walt Disney Company ambitious $17 billion expansion plan in Florida is progressing! The Central Florida Tourism Oversight District has given initial approval for a new development agreement covering 17,000 acres in Orlando over the next 15 years. Key highlights include a potential fifth Disney World park. 13,000 new hotel rooms, boosting the total to 53,000. 20% increase in retail and restaurant space and two possible new water parks A “buy local” initiative ensuring 50% of construction goods/services come from Florida businesses, continues to keep the build rooted in the local area, Disney will also donate 100 acres for infrastructure projects and spend $10 million on affordable housing. Disney eyes a broader global expansion with $60 billion in entertainment investments over the next decade, enhancing locations worldwide #DisneyExpansion #Florida #Tourism #LocalBusiness #SustainableGrowth #AffordableHousing #MagicKingdom #construction #entertainmentconstruction

The Walt Disney Company's theme parks are projected to earn $10B in profit this year, a significant jump from $2.2B ten years prior. The 68-year-old venture has rebounded after the pandemic's adverse effects a few years ago. Disney recently revealed that the company plans to invest about $60B in the upcoming decade to boost both its national and international parks and its cruise business. This figure is twice what they've invested in the past ten years, which was already a significant amount of $30B. In the past 10 years they opened the Shanghai Disney Resort, doubled their cruise capacity, introduced new rides in domestic parks, and invested into their Paris and Hong Kong parks, among other ventures. As for the future, CEO Robert Iger is optimistic, stating that increasing investments and leveraging their top intellectual properties will significantly boost growth. #realestate #themepark #profit #venture #pandemic #investment #business #paris #hongkong #intellectualproperty #growth  #restructurednews If you're interested to learn more about our newsletter, subscribe here: www.restructurednews.com or follow us on Instagram @restructurednews and TikTok @restructurednews https://lnkd.in/grbFbivJ

Don't kill the golden goose. Michael Eisner was the Disney CEO for 21 years and was touted as having the "Midas Touch". Revenues soared as he was able to see opportunities that all of his predecessors had overlooked such as additional theme parks, a cruise line, on-site theme park hotels, and more. So why was he forced to resign in 2005? Because the brand strength was crippled during his tenure. For example, guests at Disney's California Adventure Park were excited when the park first opened, but remorse immediately set in when it didn't "feel like Disney" despite the most popular rides being in the new theme park. During this time, he also started making low-quality sequels to popular Disney movies that went straight to VHS and DVD. This made the company A LOT of money during his tenure but at what cost? Every Disney fan recognized this was simply a money grab. The Disney board recognized that this model was not sustainable due to the fact that the Disney brand that Walt Disney and his predecessors fought hard to build was beginning to crack. That's ultimately why Eisner's replacement, Bob Igor, ended the direct-to-consumer movie model and poured money into revamping the theme parks. In the short run, the lost revenue from those films would hurt badly, and simultaneously pouring money back into the theme parks so they could have that classic "Disney feel" wasn't going to drive prices up overnight. However, he along with the board understood that this would create loyalty amongst its customers in the long term. This is true for any business, particularly for hospitality. If you want long-term success as an Airbnb host, you must put the guest experience first. Providing low-quality bedding and single-ply toilet paper, for example, to boost margins is one example of how many hosts are killing the golden goose. Every decision should revolve around providing the best guest experience, not what will be driving the most profit today. #airbnb #vrbo #hospitality #RealEstate #realestateinvesting