BURBANK, Calif. -- Disney's Parks & Resorts division, which
contributes 35% of the Walt Disney Co.'s operating income, was hit
hard by the terrorist attacks, according to the company's financial
statement for the fiscal fourth quarter and the year ended Sept.
Disney projected that attendance at Walt Disney World in Florida
in the current quarter will decline by 25% compared with the same
period of 2000. About 50% of Walt Disney World's visitors arrive by
Fourth-quarter operating income was $313 million, a 13% decline
compared with last year. Occupancy in Disney-owned and -operated
hotels in Florida was down by about 20%.
However, bright spots were increased attendance, occupancy and
spending at Disneyland in Anaheim, Calif., during the quarter and
year. Disney got a boost with the openings earlier this year of the
California Adventure theme park, the Grand Californian Hotel and
Downtown Disney, and by higher royalties generated in conjunction
with Tokyo DisneySea, the second Disney theme park in Japan.
For the year, Parks & Resorts revenues reached $7 billion, a
3% increase over the previous fiscal year, but operating income
decreased 2%, to $1.6 billion.