Bob Iger travel tips

Disney’s CEO Bob Iger thinks park prices are just right and is not concerned with rising ticket costs.

Walt Disney said on Tuesday it would nearly double its capital expenditure for its parks business to about $60 billion over the next 10 years. Disney CEO Bob Iger and Josh D’Amaro, the company’s parks chief, announced the accelerated pace of investment at a gathering of Wall Street analysts and investors at Walt Disney World Resort in Orlando, Florida, focused on the company’s parks business.

It must be down there, buried deep. The still-beating heart of National Geographic. The spirit that once inspired every traveler’s soul.

The Walt Disney Company on Sunday announced that Bob Iger is returning to lead Disney as CEO, effective immediately. Iger succeeds Bob Chapek, who, the company said, has stepped down from his position.

Airbnb Mulls Removing Cleaning Fees as a Separate Charge: Hosts may be sabotaging their own bookings by levying excessively high cleaning fees. It is turning off many people to Airbnb, which is a concern for the company.

Josh D’Amaro, Disney Parks, Experiences and Products Chairman, could become the next CEO of The Walt Disney Company.

Walt Disney Corporation CEO Bob Iger is optimistic about the future of Disney theme parks, even as he announced his company was cutting 7,000 jobs from its workforce, reorganizing and slashing $5.5 billion in costs during Wednesday’s first quarter earnings call. 

Good morning from Skift. It’s Thursday, February 9. Here’s what you need to know about the business of travel today.

A shortlist of potential executives to succeed Disney CEO Bob Iger has surfaced, bringing a few surprises to the search for his replacement.

Florida Governor Ron DeSantis on Monday fired another shot in his battle with Walt Disney Co, saying the state’s Republican legislature would take steps to nullify the company’s effort to circumvent state oversight of Walt Disney World.

Walt Disney Co sued Florida Republican Governor Ron DeSantis on Wednesday, asking a court to overturn state efforts to exert control over the company’s Walt Disney World theme parks in Orlando, intensifying a political battle between one of the largest U.S. companies and a potential White House contender.

Walt Disney Co will shutter its immersive Star Wars-themed luxury hotel in Orlando this September, less than two years after it opened, as the media giant cuts costs throughout its entertainment and parks businesses.

Disney Parks, Experiences and Products will be a key growth driver for the Walt Disney Corporation, as it approaches its target of cutting $5.5 billion in costs across the company, said CEO and Director Bob Iger during an earnings call Wednesday. 

Are wait times shrinking at Disney Parks? Is that a sign of weak demand? That was the claim in a recent article in the Wall Street Journal, a claim CEO Bob Iger pushed back on in a CNBC interview this week.

Disney has reached a preliminary settlement in a lawsuit over alleged deceptive practices tied to its Magic Key program. 

Shanghai was a key driver to the Walt Disney’s theme park division’s strong growth in the third quarter, executives said in an earnings call Wednesday. The park’s drop of Covid restrictions and closures gave its income a boost. In last year’s third quarter, it was open for only 3 days due to Covid restrictions – this year, for the full three months.