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Disney’s $1.9B DisneylandForward Plan Gets Final Approval From Anaheim City Council; Major Changes Set For Walt’s Original Park
The Anaheim City Council gave final approval to DisneylandForward, Disney's multi-decade expansion plan for Walt's original park. The changes take effect in 30 days.
“We’re thrilled about many potential new stories that our guests could experience in Walt’s original theme park, including the opportunity to embark on all-new Avatar adventures with a visit to the world of Pandora,” he said. Disneyland, despite growing attendance and per capita spend, saw results dip year-on-year on higher costs, including labor, said CFO Hugh Johnston on a Q2 earnings call with analysts early today. While consumers continue to travel in record numbers and we are still seeing healthy demand, we are seeing some evidence of a global moderation from peak post-Covid travel.” Wall Street didn’t quite know what to do with that and the stock fell as a result.
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