Yahoo Finance Disney hikes ticket prices
If you're looking to visit the Magic Kingdom-- you'll need to bring more benjamins along with you.
The Walt Disney Company (DIS) is raising ticket prices at its U.S. theme parks for single-day admission.
In California, a ticket for adults and children 10 years or older will set you back $99. That’s a 3% mark up from 2014.
Meantime, in Florida you will have to dish out 6% more than last year or $105 bucks for the Magic Kingdom at Walt Disney World.
A one-day ticket to Epcot, Disney’s Hollywood Studios and Disney’s Animal Kingdom will now cost $97, three dollars more than last year.
Yahoo Finance’s Jeff Macke is not surprised.
“Every single year they raise prices…and in fact this is actually a relatively muted price range overall considering the strength we saw in parks,” he points out.
Macke adds their theme parks are packed with attendance reaching records in its holiday quarter.
“The theme parks themselves are responsible about 30% of Disney’s overall revenue, but only just 20% of their profits,” Macke points out.
Macke believes Disney’s price hike will not hurt demand.
“Even through the recession…they managed to bump their prices on that theme park experience by three to four dollars every single year...this is just more of the same," according to Macke.
Macke thinks if theme parks are full... it is definitely a bullish sign for the economy.
“The place synonymous with huge money spent, top dollar entertainment and delivering a first-class experience. And they’ve seen demand across the board for all their properties,” he says.
You can get a full list of Disneyland ticket prices on its websites.
