Disney to Spend $60B on Parks Over Next Decade
The Walt Disney Co. will accelerate and expand its capital spending in its Disney Parks, Experiences & Products division to $60 billion in the next 10 years, nearly double the past decade’s spend, Los Angeles Business First reported, citing a Sept. 19 SEC filing.
That total will include investment in expanding and enhancing domestic and international parks as well as cruise line capacity. It will also prioritize projects anticipated to generate strong returns, the filing said.
A presentation included in the filing referenced adding about 1,000 new keys, including hotel rooms or other lodging units, to the Disney Vacation Club product, the company’s timeshare operations. The Burbank-based company also said it has more than 1,000 developable acres across all of its existing parks, “the equivalent of about seven new Disneyland Parks,” with Orlando’s Walt Disney World in particular having a vast amount of land available for growth.
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