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As if visiting a Disney theme park wasn’t already outrageously expensive, the Walt Disney Company is once again hiking the price of admission to Disney World in Orlando and Disneyland in Anaheim, with certain passes skyrocketing by as much as 21 percent.The eye-popping increases, which take effect immediately, represent Disney’s latest attempt to juice revenue amid faltering financials that have left the once invincible company in disarray.
Disney shares are languishing near record lows, down nearly 4 percent for the year and more than 8 percent in the past 12 months.“We are constantly adding new, innovative attractions and entertainment to our parks and, with our broad array of pricing options, the value of a theme park visit is reflected in the unique experiences that only Disney can offer,” a Disney spokesperson said in a statement.
At Disneyland, prices are soaring for almost every ticket level, with daily and multi-day tickets rising between 4 percent and 15.7 percent,Meanwhile, Disney World is seeing the price of annual passes rising between $40 and $50. The company noted the price date-based tickets hasn’t changed, and that the lowest-priced ticket has remained at $109 for the last five years.
The price hikes follow reports earlier this year saying Disney parks experienced a disappointing summer in terms of attendance, with one travel company that tracks line-waiting time at Disney World saying that the Independence Day weekend was one of theLouvre Museum in Paris Evacuated Following Reported Bomb ThreatLebanese Economy Minister Warns Entering War with Israel Would Send Lebanon into the ‘Dark Ages’Pompeo: ‘If You Want to Stop the Carnage, the Answer is to Eliminate Hamas, to Go at...
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