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The company announced over the weekend that prices at its theme parks in Florida and California will increase, along with the costs of some annual passes. Under the company’s tiered admission system introduced last year, prices vary based on the day.
At the Magic Kingdom in Walt Disney World, a single-day ticket will cost $107 for adults or $101 for children on the cheapest “value” days, an increase of $2, according to Fox 35 in Orlando.
A “regular” ticket will jump $5, to $115 for adults and $109 for children.
“Peak” days will remain unchanged at $124 for adults and $118 for kids.
The other three theme parks in Florida have slightly lower prices at $99, $107 or $119 for adults and $93, $101 or $113 for kids, increases of between $2 and $5.
In Anaheim, California, prices for a single day at Disneyland or its sister park, Disney California Adventure, will cost $97, $110 or $124 for adults and $91, $104 or $118 for children, also increases of between $2 and $5.
MousePlanet has a breakdown on many of the Disneyland ticket options and how much they’ve increased. The Orange County Register also lists all price increases since 2000, when a Disneyland ticket cost just $41, or $57.14 in 2016 dollars, according to the CPI inflation calculator.
Discounts are available for multiple-day admissions. The company will now offer a $20 discount on such tickets purchased online or by phone in advance, the Orlando Sentinel reported.
The prices of some annual passes at both resorts will also increase along with most parking fees.
Disney’s earnings report last week showed lower net income and revenues, falling short of analysts’ expectations, Deadline reported.
Year-over-year attendance in theme parks for the last quarter fell by 5 percent, according to the Orlando Sentinel, in part because Hurricane Matthew closed the Florida parks for a day and a half in October. However, despite the lower attendance, revenue and income in the theme parks division increased, according to Forbes.
Motley Fool analyst Rick Munarriz noted in his column that price increases in the parks may have helped to lower guest counts at the company’s famously crowded parks, with lower attendance in three of the past four quarters, while increasing revenue and profit.
“Disney will come out of this just fine,” he predicted. “Disney is making more with less, and as long as revenue and operating income keep inching higher, don’t expect the media giant to ease back on the annual increases.”
The jump in prices comes just days after the company announced that “Pandora: The World of Avatar,” the land at Disney’s Animal Kingdom in Florida, will open on May 27.
Lands themed to “Star Wars” will open at Disneyland in Anaheim and Disney’s Hollywood Studios in Florida in 2019, the company said.