Are Disney parks struggling?

From ongoing battles with Florida Governor Ron DeSantis and his board appointees to subscriber losses on its streaming platform, Walt Disney leadership may be wondering if they've unknowingly fallen under a dark curse. And now, to make matters worse, its theme parks are dealing with declining foot traffic.



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How are Disney parks doing financially? As of Q2 of FY 2023, things were looking up for the parks, but the revenues for Disney Parks, Experiences, and Products for that quarter (Q2 of FY 2023) did increase by 17%.

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All four Walt Disney World theme parks and both of Universal Orlando's landed on the world's top 1o list. The perennial favorite, Magic Kingdom park at Disney World, once again grabbed the crown as the world's most-visited theme park, attracting a reported 17.1 million visitors in 2022.

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Disney World's crowds are getting smaller, signaling that the high entry costs to the theme park as well as competition from other destinations may be taking a toll on attendance, Wall Street Journal reporter Jacob Passy told CBS News.

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Disney will replace Splash Mountain with Tiana's Bayou Adventure, starring a Black princess and New Orleans - Axios New Orleans.

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With costs so high, it's no wonder why many families find it difficult to afford a Disney vacation. A recent LendingTree survey found that 18% of Disney visitors have gone into debt for one or more of their trips to the destination. And among those with Disney debt, 8% say it will take more than a year to pay it off.

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Disney+ has been losing customers to price increases expects to fall tens of millions of subscribers short of its last publicly stated 2024 target for the Disney+ streaming service, according to people familiar with the matter.

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Others suggested that if Disneyland workers aren't happy with their pay, they should quit. Andrew Hagelshaw, a spokesman for the SEIU United Service Workers West in Orange, said Disneyland workers have “an incredibly high turnover rate of 30 to 40 percent a year, and not just at our union.”

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