Did Disneyland Go Too Far This Time?
Walt Disney's (NYSE: DIS) domestic theme parks are dealing with windstorms on both coasts this week. The situation in Florida is making national headlines. Disney World -- as well as the area's other popular gated attractions -- closed on Thursday in the aftermath of Hurricane Milton slicing through the state overnight. Disney's iconic Florida parks closed early on Wednesday afternoon ahead of the catastrophic storm.
Disneyland is going through a different kind of tempest. The original Disney resort raised ticket prices on Wednesday. The timing and the actual increases aren't a surprise. Disneyland and Disney World also raised admission prices in the second week of October last year. It doesn't mean that Disneyland enthusiasts are happy with having to pay more.
One can only imagine that Disney World held off on announcing hikes on Wednesday along with its sister resort in California as a result of the incoming hurricane. It would've been a bad look to introduce higher admissions while its year-round parks are experiencing a rare closure. Don't be surprised if Disney World announces its increases next week if not over the weekend. For now, let's turn our attention to Disneyland and what it means for investors.
Source Fool.com
