Disney Finally Admits Park Attendance is in Decline

A visit to the Disney Parks is a dream for many, but with increased prices, Disney finally sees the effects of decreased attendance. Find out what this decline may look like.

New Earnings Report

Once a highly sought-after travel destination, the thrill of a trip to Walt Disney World is not quite as strong according to The Walt Disney Company earnings report. Today, The Walt Disney Company shared their earnings report for the 3rd quarter of the 2024 fiscal year.

The Walt Disney Company shares that “Experiences revenue grew 2% year over year, while segment operating income came in short of our prior guidance.”

Although revenue increased for the domestic Disney Parks, there was a 3% decline in guest attendance. So it appears that fewer people are making that Disney trip, but those that do arrive are spending more than in previous years.

Lower Attendance Projected

So what does this mean in the foreseeable future for the Walt Disney World and Disneyland? Disney expects a “flattish revenue” for the 4th quarter of this 2024 fiscal year. They were quick to respond that this is not a decline but that revenue is in a “flat” state neither increasing or decreasing.

The Walt Disney Company shared during a “Question and Answer” session, that they expect this “flattish revenue” to continue for a just a couple of quarters which will lead into 2025.

They share that this is simply a “slowdown” due to the economic pressures many are feeling at this time. The Walt Disney Company feels that income and park attendance will soon increase later in 2025.

What this may mean

The fact that fewer guests are in attendance but revenue still increased is a sign that the price of a Disney vacation may be part of the reason for this “flattish revenue”.

The Walt Disney Company expects “flattish revenue” for the next couple of quarters.

Disney has aimed to increase attendance with summer ticket offers at both domestic parks. Starting in 2025, Walt Disney World Resorts guests can also enjoy free water park admission. It will be interesting to see if additional offers are available in response to this decrease in park attendance.

What do you think of the decline in Theme Park attendance? Do you think The Walt Disney Company needs to make changes to increase attendance? Share your thoughts with us and share this news with your Disney pals.