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Disney Theme Parks Strong During Weak EconomySeptember 10, 2008 By: Kirk Cassels
Despite a tough economy and overall decrease in travel, Walt Disney Company CEO Rober Iger told a group of reporters in London that the company's business remains resilient, Reuters reports. Iger spoke to reports journalists just before the London premiere of the film "Camp Rock."
Iger specifically mentioned the success of Walt Disney World Resort in Florida, among the other global theme parks that brought in strong business. According to Iger, Disney World was the bolster behind the 5 percent increase in revenue and 3 percent increase in operating profit last quarter brought in by all theme parks combined. International visitors to Disney's U.S. thema parks, taking advantage of the weak dollar, remain a primary reason for the financial gain.