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Friday, October 30, 2015

Tokyo Disney Parks' Revenue Seen As "Dismal"

Above, big crowds viewing a show at Tokyo DisneySea. Photo by Armand Vaquer.

You couldn't tell it by the crowds we saw at Tokyo DisneySea this month, but the April - September earnings for that park and Tokyo Disneyland are seen as "dismal".

When we visited Tokyo DisneySea, the crowds were so enormous that it seemed that half the population of Tokyo was there. Rides had line wait times in excess of two hours.

According to The Japan Times:
Oriental Land Co., the operator of Tokyo Disneyland and Tokyo DisneySea, reported dismal earnings Thursday for April-September following admission fee hikes at the two theme parks. 
Consolidated net profit for the first half of fiscal 2015 fell 1.1 percent from a year earlier to ¥35.94 billion, on sales of ¥222.04 billion, down 0.3 percent.
While the average revenue per customer is up, this did not offset the lower attendance by visitors. Admission fees for both parks were raised in April.

To read more, go here.

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