Walt Disney Parks and Resorts

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Walt Disney Parks and Resorts business unit logo

Walt Disney Parks and Resorts is the segment of The Walt Disney Company that conceives, builds, and manages the company's theme parks and holiday resorts, as well as a variety of additional family-oriented leisure enterprises. It is one of four major business segments of the company, the other three being Consumer Products, Media Networks, and Studio Entertainment.

The Parks and Resorts division was founded in 1971 as Walt Disney Attractions when Disney's second theme park, the Magic Kingdom at the Walt Disney World Resort in Florida, opened, joining the original Disneyland in California. The chairman of Walt Disney Parks and Resorts is Thomas O. Staggs, formerly the Senior Executive Vice President and CFO. Staggs reports to Disney CEO Robert Iger.

In 2009, the company's theme parks hosted approximately 119.1 million guests, making Disney Parks the world's most visited theme park company,[1] far ahead of the second most visited, Merlin Entertainments.

Contents

[edit] Disney resorts

[edit] Disneyland Resort

Disneyland Resort logo

Disneyland was dedicated as a single park by Walt Disney on July 17, 1955, and opened to the public on July 18, 1955 in Anaheim, California.

In 2001, the area was officially named the Disneyland Resort with the opening of Disney's California Adventure Park (now named Disney California Adventure Park), two new resort hotels and the Downtown Disney retail, dining and entertainment district. The resort occupies 500 acres (2.0 km2), listed below, and are divided into parks, shopping centers, and resorts:

Theme Parks:

Shopping and entertainment complex:

Resorts:

[edit] Walt Disney World Resort

Walt Disney World Resort logo

The Walt Disney World Resort originally opened on Oct. 1, 1971, with the Magic Kingdom and three resort hotels. Today it is the largest vacation resort in the world, with four theme parks, two water parks, a shopping and entertainment complex, 20 resort hotels, eight golf courses, and miles of recreational activities.

Theme parks:

Water parks:

Other parks:

Shopping and entertainment complex:

Resorts:

[edit] Tokyo Disney Resort

Tokyo Disney Resort logo

Tokyo Disney Resort, located in Urayasu, Chiba, Japan, opened April 15, 1983. On Sept. 4, 2001, the resort expanded with Tokyo DisneySea. There are several resort hotels on site, but only three are actually owned by the resort, which boasts the largest parking structure in the world. Tokyo Disney Resort is fully owned and operated by The Oriental Land Company and is licensed by the Walt Disney Company. The resort was built by Walt Disney Imagineering, and Disney maintains a degree of control; Nick Franklin leads the Walt Disney Attractions Japan team at the Walt Disney Company, which communicates with the Oriental Land Company over all aspects of the Resort, and assigns Imagineers to the Resort. Its properties, listed below, are divided into parks, shopping centers, and resorts:

Parks:

Shopping centers:

Resorts:

[edit] Disneyland Paris

Disneyland Paris logo

Disneyland Paris, Disney's second resort complex outside the United States, opened on April 12, 1992, as the Euro Disney Resort. Located in Marne-la-Vallée in the suburbs of Paris, France, it features two theme parks, a golf course, an entertainment complex and six Disney resort hotels. It is maintained and managed by Euro Disney S.C.A., a company partially owned by the Walt Disney Company whose stock is traded on Euronext. Its properties sit on 4,940 acres (20.0 km2), listed below, and are divided into parks, shopping centers, and resorts:

Parks:

Shopping and entertainment complex:

Resorts:

[edit] Hong Kong Disneyland Resort

Hong Kong Disneyland Resort logo

Hong Kong Disneyland, Disney's fifth resort and its second in Asia, opened September 12, 2005. The resort is located in Penny's Bay, Lantau Island, Hong Kong. Currently, the resort consists of one theme park and two hotels, with land reserved for future expansion. It is owned and operated by Hong Kong International Theme Parks, an incorporated company jointly owned by The Walt Disney Company and the Government of Hong Kong. Hong Kong Disneyland Resort sits on 320 acres (1.3 km2).

Parks:

Other parks:

Resorts:

[edit] Shanghai Disneyland Resort

In November 2009, Disney received approval from the central government of China to build a Disney theme park in the Pudong district of Shanghai. "China is one of the most dynamic, exciting and important countries in the world and this approval marks a very significant milestone for Walt Disney Co in mainland China," said Robert Iger, president and CEO of Disney.[2] The resort is expected to open in 2014.

[edit] Disney Cruise Line

Disney Cruise Line logo

Disney Cruise Line was formed in 1995; its two ships, the Disney Magic and Disney Wonder, began operation in 1998 and 1999, respectively, and were designed in collaboration with Walt Disney Imagineering. Both ships offer three-, four- and seven-night Caribbean cruises, each with a stop at Disney's private island in the Bahamas, Castaway Cay. Two additional ships will join Disney's fleet in 2011 and 2012.

Properties:

[edit] Other ventures

[edit] Abandoned concepts

Disney reportedly had plans to build a park named Disney's America. The park was to have been located in Haymarket, Virginia, but local opposition to the idea appears to have persuaded Disney not to go forward with it in 1994.[3]

Before Disney's California Adventure, Disney originally had announced plans for a West Coast version of Epcot, WestCOT, which was deemed too ambitious after the rocky financial performance of Euro Disney in France as well as protests by residents of Anaheim. Another concept for a Disney park in California was Disneysea, a contrasting park to Disneyland, to be built in Long Beach next to the RMS Queen Mary which Disney owned at the time. The park was to have led to a permanent West Coast ship in the Disney Cruise Line, which would dock at the park. The concept, although quickly scrapped, inspired the Imagineers to create Tokyo DisneySea, which has recently been deemed the second best-loved Disney park in the world, after Disneyland. Tokyo DisneySea is currently open at the Tokyo Disney Resort.

Disney-MGM Studios Europe was intended to be a European copy of the Disney-MGM Studios theme park in Florida, to have opened in 1996 at the Euro Disney Resort Paris (now Disneyland Resort Paris). Imagineers had been working on plans for six months before they were told to stop by management after the resort was drastically underperforming financially. The Walt Disney Studios Park opened in 2002 after the resort started to make a profit, though was ultimately very different from the original plans for Disney-MGM Studios Europe

[edit] Future projects

[edit] Asian & European projects

Both Hong Kong Disneyland Resort and Disneyland Paris have room for future expansion.[4]

In July 2009 the company was rumored to have been approached by the executives of Dubailand to build a theme park in their mega-resort.

In November 2009, Disney received approval from the Chinese government to build a Disneyland resort in the Pudong district of Shanghai.[5] The resort is expected to open in 2013.

[edit] Hong Kong Disneyland Expansion

Rita Lau, the Secretary for Commerce and Economic Development for Hong Kong, announced that the expansion of Hong Kong Disneyland had been approved by the Executive Council on June 30, 2009, and also approved by the Legislative Council of Hong Kong on July 10, 2009. The park will receive three new lands; Grizzly Trail, Mystic Point and Toy Story Land. Construction began in late 2009 and will take 5 years to complete. The park will feature a total of seven themed lands after the completion of all the new additions.

[edit] American projects

Disney has made no announcements regarding plans for another American theme park and CEO Robert Iger frequently has cited international expansion as one of the company's three strategic priorities.[6]

The only site that is extremely short on land is Disneyland Resort in California. Although the company has acquired enough real estate to build a potential third theme park on a former strawberry farm near the existing resort, Robert Iger has stated that the company's focus in Anaheim is to improve its second park, Disney's California Adventure, before building a third. The strawberry fields were purchased in 2004 for $99.9 million with a requirement to harvest them until 2009. The remainder of the original Disneyland parking lot, southeast of Disney's California Adventure, was designated as a future growth space for the park. Since the park's opening in 2001, three small projects have been built into that space (A Bug's Land, The Twilight Zone Tower of Terror, and a backstage warehouse) while a third, much larger project known as Cars Land is currently being built.

In October 2007, Disney announced plans to build a resort at Ko Olina Resort & Marina in Kapolei, Hawaii, featuring both a hotel and Disney Vacation Club timeshare units. Scheduled to open in 2011, the 800-unit property will join the other resorts not associated with a theme park, such as Disney's Hilton Head Island Resort in South Carolina.[7]

[edit] Timeline

[edit] 1950s and 1960s

[edit] 1970s and 1980s

[edit] 1990s

[edit] 2000s

Corp icon million.jpg

[edit] Executive Management

[edit] References

  1. ^ "TEA/ERA Theme Park Attendance Report 2009". www.themeit.com. 2010-04-26. http://teaconnect.org/etea/2009ThemeIndex.pdf. Retrieved 2010-04-27. 
  2. ^ "UPDATE 4-Disney takes China stride as Shanghai park gets nod". Reuters. November 4, 2009. http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSN0352328120091104. 
  3. ^ "On September 28, 1994, Michael Eisner announced that Disney was cancelling its plans to build Disney's America after a bruising national media fight with Protect Historic America and aggressive local opposition in Virginia from Protect Prince William and other citizen groups." http://chotank.com/disneyrom.html
  4. ^ "Disney in talks to open theme park in Shanghai - report". AFX News Limited. 2006-02-07. http://www.forbes.com/markets/feeds/afx/2006/02/07/afx2507986.html. Retrieved 2007-11-15. 
  5. ^ http://www.bernama.com/bernama/v5/newsworld.php?id=452465
  6. ^ Portfolio.com, Top Executive Profiles, Robert A. Iger http://www.portfolio.com/resources/executive-profiles/39787
  7. ^ Schaefers, Allison (2007-10-04). "Aloha, Disney". Honolulu Star-Bulletin. http://starbulletin.com/2007/10/04/news/story01.html. Retrieved 2007-10-06. 
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