Disney Parks and Resorts see revenues increase

Disney theme parks and resorts saw first quarter increases of 10 percent to $3.2 billion, according to the Walt Disney Co. first quarter  earnings report.

Higher operating income at Disney World and Disneyland were driven by increased guest spending and attendance, partially offset by increased costs. Increased guest spending reflected higher average ticket prices and food and beverage spending, the report stated.

"Higher costs reflected labor cost inflation across our domestic parks and resorts, enhancement costs including investments in systems infrastructure and higher employee benefits costs at Walt Disney World Resort, and new guest offerings at Disneyland Resort including the expansion of Disney California Adventure," the report said.

Higher operating income at Disney Cruise Line was due to a full period of operations of the Disney Dream, which launched at the end of January 2011.

Higher operating income at Hong Kong Disneyland Resort was offset by lower results at Disneyland Paris. "The increase at Hong Kong Disneyland Resort reflected increased guest spending, driven by higher average ticket prices, daily hotel room rates, and food, beverage and merchandise spending, and increased attendance. Lower operating income at Disneyland Paris was driven by labor cost inflation and the absence of real estate sales which occurred in the prior-year quarter, partially offset by increased attendance and guest spending. Higher guest spending at Disneyland Paris was driven by increased average daily hotel room rates," the report stated.