Disneyland and Disney World saw decrease in attendance last quarter, but parks division had record earnings

Attendance at Disneyland and Disney World was down by 4 percent during Disney’s third fiscal quarter, but the Parks and Resorts Division still had record earnings, according to the Walt Disney Company.

The Parks and Resorts Division saw revenues increase 6 percent to $4.4 billion and operating profit increased 8 percent to $994 million.

Results were impacted because the Easter holiday was in the second quarter this year compared to the third quarter last year. The holiday is a big attendance draw.

However, occupancy of Disney hotels and resorts were at 90 percent, Disney’s Chief Financial Officer Christine McCarthy said during the company’s investors’ conference call.

The increase in guest spending was driven by higher average ticket prices at our theme parks and cruise line. Lower costs reflected decreases in labor and marketing costs from efficiency initiatives, Disney reported.