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Unique Cruise Solutions The news you need to know |
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Cruise News for the Corporate Travel Professional |
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Disney Cruises may head to Asia, Hawaii |
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Walt Disney Co. President and Chief Executive Officer Bob Iger
suggested as much last week during a presentation to stock analysts in New York.
Discussing Disney's decision to spend an estimated $1.5 billion building two
more cruise ships, Iger said the expanded fleet will give Disney the ability to
spread out to more destinations. With its two new ships to be based at Port Canaveral, Disney already plans to permanently move one of its two existing vessels to the West Coast and to at least temporarily send the other to Europe. "We thought we had an opportunity to expand our horizons, no pun intended,'' Iger said. ``We're going to take advantage of that with Alaska, Southern California and Mexico, parts of Europe and, maybe down the road, Asia or Hawaii.'' STRATEGIC TIES Both Asia and Hawaii offer some strategic ties for Disney should it decide to offer cruises in either location. In Asia, for instance, Disney could use a cruise ship to offer land-and-sea vacation packages in conjunction with Hong Kong Disneyland or, eventually, Shanghai Disneyland, which is in the planning stages. And in Hawaii, Disney next year is to open an 830-room hotel and time-share resort that could be paired with a cruise ship. SCALING BACK In his talk at the Sanford C. Bernstein Strategic Decisions Conference in New York, Iger told analysts that Disney's theme-parks division is likely to pull back on capital spending in a few years. Iger described the current capital-spending surge at Walt Disney Parks and Resorts including the two cruise ships; the Hawaiian resort; and expansions of the Magic Kingdom in Orlando, Disney California Adventure in Anaheim, Hong Kong Disneyland and Disneyland Paris as "mildly aberrational.'' The bulk of the spending on those projects began in 2009 and is expected to continue through 2014. "I think, once we get through this period, we're probably going to drop down to what I'll call a more steady state,'' Iger said. ``We don't really project -- save for Disneyland Shanghai, should be we successful in completing that agreement and building the park -- we don't really project anything as significant as this collection of investments on the [capital expenditure] front over the next decade.'' |
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