Walt Disney Parks and Resorts

Walt Disney Parks and Resorts is the segment of The Walt Disney Company that conceives, builds, and manages the company's theme parks and holiday resorts, as well as a variety of additional family-oriented leisure enterprises. It is one of four major business segments of the company, the other three being Consumer Products, Media Networks, and Studio Entertainment.

The Parks and Resorts division was founded in 1971 as Walt Disney Attractions when Disney's second theme park, the Magic Kingdom at the Walt Disney World Resort in Florida, opened, joining the original Disneyland in California. The chairman of Walt Disney Parks and Resorts is James A. "Jay" Rasulo, formerly the chairman of Disneyland Resort Paris. Rasulo reports to Disney CEO Robert Iger.

Contents

Administration

Disney properties

Disneyland Resort

Main article: Disneyland Resort

Disneyland was founded as a single park by Walt Disney on July 17, 1955, in Anaheim, California.

In 2001, the area was officially named the Disneyland Resort with the opening of Disney's California Adventure Park, two new resort hotels and the Downtown Disney retail, dining and entertainment district. The resort occupies 500 acres, listed below, and are divided into parks, shopping centers, and resorts:

Parks:

Shopping centers:

Resorts:

Walt Disney World Resort

The Walt Disney World Resort opened Oct. 1, 1971, with the Magic Kingdom (similar in layout to Disneyland) and three resort hotels in Lake Buena Vista, Florida, a few miles southwest of Orlando. The property is twice the size of Manhattan, with about a quarter of it having been developed to date. It has become the most popular tourist destination on Earth, with four theme parks, two water parks, a shopping and entertainment complex, 20 resort hotels and eight golf courses. The resort is divided into parks, shopping centers, and resorts:

Parks:

Shopping centers:

Resorts:

Tokyo Disney Resort

Main article: Tokyo Disney Resort

Tokyo Disney Resort, located in Urayasu, Chiba, Japan, opened April 15, 1983. On Sept. 4, 2001, the resort expanded with Tokyo DisneySea. There are several resort hotels on site, but only three are actually owned by the resort, which boasts the largest parking structure in the world. Tokyo Disney Resort is fully owned and operated by The Oriental Land Company and is licensed by the Walt Disney Company. The resort was built by Walt Disney Imagineering, and Disney maintains a degree of control; Nick Franklin leads the Walt Disney Attractions Japan team at the Walt Disney Company, which communicates with the Oriental Land Company over all aspects of the Resort, and assigns Imagineers to the Resort. Its properties, listed below, are divided into parks, shopping centers, and resorts:

Parks:

Shopping centers:

Resorts:

Disneyland Resort Paris

Disneyland Resort Paris, Disney's second resort complex outside the United States, opened April 12, 1992, as Euro Disney Resort. Located in Marne-la-Vallée in the suburbs of Paris, France, it features two theme parks and a golf course, an entertainment complex and six Disney resort hotels. It is maintained and managed by Euro Disney S.C.A., a company partially owned by the Walt Disney Company whose stock is traded on Euronext. Its properties sit on 4,940 acres, listed below, and are divided into parks, shopping centers, and resorts:

Parks:

Shopping centers:

Resorts:

Hong Kong Disneyland Resort

Hong Kong Disneyland, Disney's fifth resort and its second in Asia, opened Sept. 12, 2005. The resort is located in Penny's Bay, Lantau Island. Currently, the resort consists of one theme park and two hotels, with land reserved for future expansion. It is owned and operated by Hong Kong International Theme Parks, an incorporated company jointly owned by The Walt Disney Company and the Government of Hong Kong. Hong Kong Disneyland Resort sits on 310 acres.

Parks:

Resorts:

Disney Cruise Line

Main article: Disney Cruise Line

Disney Cruise Line was formed in 1995; its two ships, the Disney Magic and Disney Wonder, began operation in 1998 and 1999, respectively, and were designed in collaboration with Walt Disney Imagineering. Both ships offer three-, four- and seven-night Caribbean cruises, each with a stop at Disney's private island in the Bahamas, Castaway Cay. Two additional ships will join Disney's fleet in 2011 and 2012.

Properties:

Other ventures

Abandoned concepts

Disney reportedly had plans to build a park named Disney's America. The park was to have been located in Haymarket, Virginia, but local opposition to the idea appears to have persuaded Disney not to go forward with it in 1994.[1]

Before Disney's California Adventure, Disney originally had announced plans for a West Coast version of Epcot, WestCOT, which was deemed too ambitious after the rocky financial performance of Euro Disney in France as well as protests by residents of Anaheim. Another concept for a Disney park in California was Disneysea, a contrasting park to Disneyland, to be built in Long Beach next to the RMS Queen Mary which Disney owned at the time. The park was to have led to a permanent West Coast ship in the Disney Cruise Line, which would dock at the park. The concept, although quickly scrapped, inspired the Imagineers to create Tokyo DisneySea, which has recently been deemed the second best-loved Disney park in the world, after Disneyland.

Disney-MGM Studios Europe was intended to be a European copy of the Disney-MGM Studios theme park in Florida, to have opened in 1996 at the Euro Disney Resort Paris (now Disneyland Resort Paris). Imagineers had been working on plans for six months before they were told to stop by management after the resort was drastically underperforming financially. The Walt Disney Studios Park opened in 2002 after the resort started to make a profit, though was ultimately very different from the original plans for Disney-MGM Studios Europe.

Future properties

Disney has made no announcements regarding plans for another American theme park and CEO Robert Iger frequently has cited international expansion as one of the company's three strategic priorities.[2]

Both Hong Kong Disneyland Resort and Disneyland Resort Paris have room for future expansion. Scouts are looking for a suitable site for a Disney resort on mainland China in addition to the Disney resort in Hong Kong, possibly near Shanghai. Disney has announced that there will be no new resort on the Chinese mainland before 2010.[3]

On 21 January 2008, Bill Ernest, the managing director of Hong Kong Disneyland, said the Walt Disney Company is not in talks on opening a park in Shanghai nor in any other Asian cities and the company is fully focusing on the Hong Kong park.[4]

The only site that is extremely short on land is Disneyland Resort in California. Although the company has acquired enough real estate to build a potential third theme park on a former strawberry farm near the existing resort, Robert Iger has stated that the company's focus in Anaheim is to improve its second park, Disney's California Adventure, before building a third. The strawberry fields were purchased in 2004 for $99.9 million with a requirement to harvest them for at least five years. The remainder of the original Disneyland parking lot, southeast of Disney's California Adventure, was designated as a future growth space for the park. Since the park's opening in 2001, three small projects have been built into that space (a bug's land, The Twilight Zone Tower of Terror, and a backstage warehouse) while a third, much larger project known as Cars Land is planned to be built into that space in the coming years.

While many foreign governments have made statements to the media that they have been in discussions with Disney to open a new resort, Disney frequently denies such statements.

In October 2007, Disney announced plans to build a resort at Ko Olina Resort & Marina in Kapolei, Hawaii, featuring both a hotel and Disney Vacation Club timeshare units. Scheduled to open in 2011, the 800-unit property will join the other resorts not associated with a theme park, such as Disney's Hilton Head Island Resort in South Carolina.[5]

Timeline

1950s and 1960s

1970s and 1980s

1990s

2000s

References

  1. "On 28 September 1994, Michael Eisner announced that Disney was cancelling its plans to build Disney's America after a bruising national media fight with Protect Historic America and aggressive local opposition in Virginia from Protect Prince William and other citizen groups." http://chotank.com/disneyrom.html
  2. Portfolio.com, Top Executive Profiles, Robert A. Iger http://www.portfolio.com/resources/executive-profiles/39787
  3. "Disney in talks to open theme park in Shanghai - report", AFX News Limited (2006-02-07). Retrieved on 2007-11-15. 
  4. "Disney May Raise Stake in Its Hong Kong Theme Park - report", Bloomberg.com (2008-01-21). Retrieved on 2008-01-21. 
  5. Schaefers, Allison (2007-10-04). "Aloha, Disney", Honolulu Star-Bulletin. Retrieved on 2007-10-06.