by Donald Wood
Last updated: 11:31 AM ET, Wed May 9, 2018
The Walt Disney Co. announced during its second-quarter earnings call that its theme park division thrived, helping the brand top Wall Street forecasts.
As a result of the recent success, Disney CEO Bob Iger said the company would also consider expanding its theme park business in China and other markets.
According to Reuters.com, Disney's theme park division saw a 13-percent increase in revenue to $4.87 billion in the second-quarter, a jump from the $4.29 billion earned during the same period last year.
Disney Parks also reported a 13-percent increase in revenue to $10.03 billion for the first six months of 2018, a jump from the $8.85 billion earned during the same period in 2017. Attendance increased in part to Easter being in the second quarter this year instead of the third quarter.
"We think there's opportunities to expand in China. There may also be opportunities in other parts of the world," Iger said to investors. "It doesn't necessarily mean we're going to build something anytime very soon. But we're going to look."
Disney officials also noted an increase in guest spending growth at the Walt Disney World Resort in Orlando was due to increases in average ticket prices, average daily hotel room rates and food, beverage and merchandise spending.
The future success of the company's theme park division will include several planned additions, including Toy Story Land and Star Wars: Galaxy's Edge at Hollywood Studios, a new Guardians of the Galaxy ride at Epcot, a new Star Wars-themed hotel and the continued success of the Pandora: The World of Avatar land at Disney's Animal Kingdom.
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