In a newly released slide deck for investors, Disney has further broken down the previously announced $60 billion investment into its theme park division. According to the documents, here’s how the spending will break down:
- 50% of the $60 billion capital allocation plan is for “Parks and Resorts”
- 30% for “Tech & Maintenance”
- 20% for “Cruise/Other”.
Disney has previously announced that the capital expenditures would ramp up closer to 2030.
With Disney now planning to spend somewhere in the neighborhood of $30 billion over 10 years in the theme parks, it looks like we can expect roughly $3 billion per year invested across its 12 theme parks and dozens of hotels, worldwide.
When Disney originally announced the $60 billion investment, they said that the amount would “nearly double” the current capital expenditure cadence in the Experiences division. If spent equally, that would amount to $6 billion devoted to the division per year, and $3 billion devoted to the theme parks and resorts.
As an example, Disney is currently forecasting a capital expenditure amount of $6.7 billion in 2024. In 2023, the company spent $4.9 billion on CapEx projects.
In addition to the $60 billion figure for the Experiences division, worldwide, Disney CEO Bob Iger has previously announced a $17 billion investment for Walt Disney World alone over the next decade. That means that Disney World would eat up much more than 50% of the theme park investment money over the next decade.
Later this summer, Disney Parks Chairman Josh D’Amaro will, once again, take the stage in front of Disney’s biggest fans at the D23 Expo. Shortly after his last performance at the 2022 D23 Expo, we asked ourselves Will D’Amaro Deliver?. We hope that D’Amaro and Disney CEO Bob Iger are able to round up some change from underneath the couch cushions in Burbank and start to greenlight projects, or at least purchase some shovels to stick in the ground sometime before Universal’s Epic Universe opens next summer.
As always, keep checking back with us here at BlogMickey.com as we continue to bring you the latest news, photos, and info from around the Disney Parks!