Disney announced on Wednesday that it would be investing $60 billion (R1,1 trillion) in improvements across all its theme parks and cruise lines.
Bob Iger, CEO of Disney, made the announcement at a quarterly earnings call on Wednesday, saying the majority of the investment (70%) would go towards expanding all its parks. He specified that the company would make improvements at every one of its locations worldwide.
Iger also hinted that Disney would focus more on its cruise lines, adding three more cruise ships in the near future. “We may look expansively, at least in the next decade, in that direction.”
Disney currently has five ships in its fleet, with its latest, Disney Treasure, set to launch at the end of 2024. The company also announced an expansion to its cruising destinations, which will begin this summer.
Iger didn’t indicate precisely when visitors would experience the changes. “We’ve got a menu of things that will start opening in ’25. And there’ll be a cadence every year of additional investment and increased capacity.”
Disney has already announced additions to its attractions at the Magic Kingdom and Disneyland in the United States, which will be open to visitors later this year.