Bob Chapek Says Focusing on Guest Spending Allows Disney to Not ‘Rely Solely on Raising Ticket Prices’ to Increase Parks Revenue

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During the 2022 second quarter earnings report call today, Disney CEO Bob Chapek stated that the much-criticized Park Pass reservation system is “exceeding expectations.” He has long praised the system to forecast costs and revenue, and alongside the number of guests willing to purchase Genie+ (or Premiere Access for Disneyland Paris), they “don’t need to rely on raising ticket prices” to increase revenue.

The company boasted a 20% increase in per capita spending since Q1 of 2022 and a 40% increase over 2019. This has been largely attributed to Genie+ and Individual Lighting Lane as well as price increases on food and merchandise.

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The post Bob Chapek Says Focusing on Guest Spending Allows Disney to Not ‘Rely Solely on Raising Ticket Prices’ to Increase Parks Revenue appeared first on WDW News Today.