We expect modest segment operating income growth in Q2 due to a combination of factors, including international visitation headwinds at our domestic parks ... We continue to monitor international visitation to our domestic parks and adjust our strategy
While only a brief comment, it's interesting Disney are acknowledging the possibility of a decline in international visitors to their domestic parks (primarily Walt Disney World) because of the overall international visitation declines to the US.
The US is seeing a decline in tourism visitors over the last couple of years, attributed to US foreign policy actions and political reasons, as well as a more invasive ESTA application process. Although it's difficult to find concrete unbiased data on how it is affecting Florida in particular. Forbes reported that Florida suffered a 1% decrease in total UK visitors last year, but more recent data isn't available.
Although Disney did not offer any specifics, they have acknowledged that they will be adjusting their strategy going forward due to the international travel challenges. It will be interesting to see what strategy shifts there will be, especially with the 2027 Walt Disney World promotion period beginning soon.
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