Here is the entire Parks and Resort comments from the 3rd quarter report...



Parks and Resorts revenues for the quarter increased 32% to $2.3 billion and segment operating income increased 20% to $421 million. The consolidation of Euro Disney and Hong Kong Disneyland contributed $332 million of the increase in revenue and $15 million of the increase in segment operating income, with revenue from other Parks and Resorts operations growing $225 million (13%) and segment operating income from those operations growing $54 million (15%). See tables C, D, E, F and G for the impact of consolidating Euro Disney and Hong Kong Disneyland.

Revenue and operating income growth was driven by higher attendance and occupancy at Walt Disney World.

Revenues increased by $557 million, of which $332 million was due to the consolidation of Euro Disney and Hong Kong Disneyland. The remaining increase of $225 million is primarily due to higher theme park attendance and hotel occupancy at the Walt Disney World Resort. Higher visitation at Walt Disney World from both domestic and international tourists as well as Florida residents reflected the continued success of Mission: SPACE, Mickey's PhilharMagic and Disney's Pop Century Resort, improvements in travel and tourism and the impact of promotional programs offered during the quarter.

Costs and expenses increased $488 million, of which $317 million was due to the consolidation of Euro Disney and Hong Kong Disneyland. The remaining increase of $171 million was driven by increases at Walt Disney World due primarily to higher operating labor and other volume related expenses, and increased costs associated with employee benefits, new product offerings, and marketing and sales initiatives.

At Disneyland Resort increased guest spending and attendance were offset by higher expenses. During the quarter Disneyland opened the "Twilight Zone: Tower of Terror" and announced its upcoming 50th Anniversary Celebration.


The conference call is about to start, I will report on any interesting comments made....

Hmm, higher expenses, eh? For the most part they are probably the expenses that were not incurred for the past nine years. (And probably doubled, due to increased wear and tear and costs of fixing.)
Increased attendance, eh? Well, Tower did bring more people to DCA, as it opened during the quarter. I don't see how increased attendance correlates to increased revenue, separate from "increased guest spending."

WDW attendance was up 20% versus 3rd quarter 2003.

Disneyland was up 1% from 3rd Quarter 2003.

Attendance is down at Disneyland in the 4th quarter so far.....

I hope they see that of they put more money into DL like WDW then it can get an increase in attendance too.

I'd rather have the increase in revenue.