Disney credits 6% profits surge to rise in visitors
Phil Davies
phil.davies@travelweekly.co.uk
A significant rise in the number of visitors to its theme parks over the summer fuelled a 6.7% rise in profits at Walt Disney Company in the three months to September.
The entertainment company
reported a net profit of $1.6 billion for the period between July and September, compared with $1.5 billion last year. Parks and resorts revenue
rose by 10% to reach $4.4 billion. The division’s operating profit increased by 7% year on year to $738 million. The company attributed the
growth to a rise in visitor numbers at parks in the US and Paris. A spokesman said: “Guest spending growth was primarily due to higher average hotel room rates and ticket prices for sailings
“Guest spending growth was primarily due to higher average hotel room rates”
with our cruise line, as well as theme park admissions and increased merchandise, food and beverage spending. “Guest spending growth at
Disneyland Paris was due to increased food, beverage and merchandise spending, as well as higher average hotel room rates and ticket prices. “Increased volumes at
Disneyland Paris were due to higher attendance and occupied room nights.” Parks and resorts revenue for
the year to October 3 rose by 7% to more than $16 billion, with operating income up by 14% to more than $3 billion.
WALT DISNEY COMPANY: Net profit of $1.6bn in summer quarter
The results gave the company
its fifth consecutive year of record performance, according to chairman and chief executive Robert Iger. “In fiscal [year] 2015, we
delivered the highest revenue, net income and adjusted earnings per share in the company’s history, reflecting the power of our great brands and franchises, the quality of our creative content, and our relentless innovation to maximise value from emerging technologies,” he said.
Airline ancillary revenue to grow 19% in 2015
Airline ancillary revenue is projected to rise by $9.3 billion to reach $59.2 billion worldwide this year. The figure represents a 162% increase on the
2010 figure of $22.6 billion, a study by CarTrawler and specialist consultancy IdeaWorksCompany has revealed. Revenue from optional services, such as onboard
sales of food and drink, checked baggage, premium-seat assignments and early-boarding benefits, accounted for $36.7 billion of the projected total for 2015. The rest comes from non-fee activity
such as the sale of frequent-flyer miles to programme partners, and
commissions earned on the sale of services to travellers, such as hotel accommodation and car rental. CarTrawler chief commercial officer Michael
Cunningham said: “These figures show the impact that ancillary revenue has on the bottom lines of airlines, but it is also a critically important element of the customer experience. “Airlines that offer a rounded, sophisticated customer experience by drawing on data-science insights and the right ancillary offerings have a better chance of backing up revenues with increased loyalty and a stronger brand promise, which in turn leads to higher repeat bookings.”
North America and Asia-Pacific drive Amadeus growth
Amadeus’s growth in revenue and profit was driven by Asia-Pacific and North America in the first nine months of the year. Profit for the period grew by
9.6% to €611.9 million, fuelled by a 14.7% increase in revenue to €2.9 billion, while earnings (Ebitda), excluding acquisition costs, rose 10.6% to top €1 billion. Year-on-year air travel bookings
rose by 8.2% to 123.8 million, with distribution division revenue up by 14% to €672.5 million. President and chief executive
Luis Maroto said: “Our focus on delivering revenue-generating technology to our partners has improved our competitive position in the market, supporting growth in both revenues and profit. “Asia-Pacific and North America
growth resulted in a significant 1.9 percentage enhancement of our competitive position in air travel agency bookings, driving strong revenue growth of 12.1% in distribution, while IT solutions delivered a 21.3% rise in revenue. “Our strong financial
performance has allowed us to continue investing in key areas during the quarter.” Amadeus’s acquisition of
Navitaire is subject to regulatory approval. The company is also buying Netherlands-based Itesso BV and US-based Hotel SystemsPro.
LUIS MAROTO: ‘Keep investing’ 12 November 2015
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