USA Disney: There's room to grow Parks and Resorts business By Michelle Baran / February 10, 2016 Share 1 -- As Walt Disney Co.'s Parks and Resorts division reported nearly $1 billion in first-quarter operating income, analysts on the company’s earnings call on Tuesday repeatedly asked just how much more the division can grow.“I think there are many avenues for us to continue to grow that business,” COO Tom Staggs said on the call. Staggs noted that Disney has broken ground on Star Wars Lands at Disneyland in Southern California and Disney's Hollywood Studios in Florida, and will open an Avatar-themed area at Disney's Animal Kingdom at Disney World in 2017. “So we have new attractions here domestically that we think guests will really embrace. I think we also see opportunities, given the strong occupancy of room nights that we see, to consider expanding our hotel capacity down the road,” said Staggs.Disney executives also pointed to the June 16 opening of the Disney Shanghai resort as another opportunity for fueling long-term growth for the Parks and Resorts division.Companywide, Disney's net income increased 20%, to $4.3 billion, for its fiscal first quarter, and revenue rose 14%, to $15.2 billion. The results were driven largely by the overwhelming box office success of the latest Star Wars movie, "Star Wars: The Force Awakens."