The Walt Disney Co. has announced plans to significantly increase its capital spending in the next 10 years, with a target of $60 billion for its Disney Parks, Experiences & Products division. This is almost double the amount spent in the previous decade and reflects a strong commitment to expanding and enhancing both domestic and international parks as well as cruise line capacity.
According to a recent SEC filing on September 19th, this investment will prioritize projects that are expected to yield high returns. The company also aims to add approximately 1,000 new lodging units through their timeshare operations at Disney Vacation Club.
In addition, Burbank-based Disney revealed that it has over 1,000 acres available for development across all existing parks – equivalent to seven new Disneyland Parks. With an abundance of land still untapped at Orlando’s Walt Disney World alone, there is great potential for future growth opportunities.
Overall, these ambitious plans demonstrate how committed The Walt Disney Co. is towards providing exceptional experiences for their guests while also generating strong financial returns.
