On June 2nd, Walt Disney Co. President and Chief Executive Officer Bob Iger attended the Sanford C. Bernstein Strategic Decisions Conference and was quoted as saying that the theme-parks division is likely to pull back on capital spending by 2014, when most of the projects are scheduled to be completed.
Iger also went on to say that the current level of capital spending at Walt Disney Parks and Resorts (which includes the two cruise ships; the new Hawaiian resort; the expansions of the Magic Kingdom and Disney California Adventure, Hong Kong Disneyland and Disneyland Paris) as “mildly aberrational.”
“I think, once we get through this period, we’re probably going to drop down to what I’ll call a more steady state,”. “We don’t really project — save for Disneyland Shanghai, should be we successful in completing that agreement and building the park — we don’t really project anything as significant as this collection of investments on the [capital expenditure] front over the next decade.” said Iger.
There is one bright spot though. When Disney's 2 new cruise ships joins the fleet, one will be sent to the West Coast while the other will temporarily be sent to europe, BUT Iger did hint that Disney might be opening up a new cruise line on the West Coast to go to Alaska and possibly Hawaii.
No time table was set for this though and with less money going to be spent on the parks and resorts, it may be some time before these cruises become available.
1 reacties:
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