Hotel Occupancy at Disney Resorts Reached 89 Percent in First Quarter
During its fiscal first quarter The Walt Disney Company has seen its domestic hotel occupancy spike to 89 percent, compared to 81 percent for the same time last year. The report took into account room occupancy at all Walt Disney World Resort hotels and Disneyland Resort hotels.
Disney's domestic hotels see spike in occupancy
Disney's Chief Financial Officer Jay Rasulo told analysts that it would be difficult for the occupancy rate to go much higher than where it is now, stating that it is "extremely difficult" to fill a hotel to 90 percent.
In his remarks to analysts Rasulo also said, "when you see occupancy in that kind of range, you are getting close to pretty much a full house and those were historically the numbers at which we started to think about expanded capacity."
The occupancy rate for Orlando-area hotels outside of the Walt Disney World Resort was 72.2 percent for the last quarter of 2014 according to Visit Orlando.
Do you think Disney hotels will see another spike in occupancy in 2015? Let us know in the comments.
About WDW For Grownups
We're a website dedicated to adults who visit Disney World because they love it, not just because their kids love it. Join in the discussion on our forums or find us here:
Kristen K. wrote on Wed, 02/11/2015 - 20:05:
I think that the most interesting part of this is the quote where they say this is the point which they consider expending capacity. To me, that means we could get another Disney Resort in the not too distant future.
firstwdwvacation_kim wrote on Thu, 02/12/2015 - 19:56:
Wow! 89 percent is higher than I would have guessed.
So would expansion be more DVC or more Value or a balanced approach across all categories?
Kristen K. wrote on Sat, 02/14/2015 - 12:38:
That's a great question Kim. I'm sure that as soon as the Polynesian expansion is finished we'll get another DVC announcement because that's the fastest growing market segment. However, personally I think we're due for a new moderate resort. Only Disney knows what it will be!
Post new comment