Disney World park admission will increase this weekend

click to enlarge PHOTO VIA DISNEY
Photo via Disney
Following record attendance and revenue in the last fiscal quarter, Walt Disney Co. will raise park admission at its theme parks starting this weekend.

As of Sunday, a one-day regular Magic Kingdom ticket at the gate will cost $119, which is a $4 increase. A value ticket at the same park will cost $109, a $2 increase, and a peak ticket will now cost $129, a $5 increase.

The increased cost will differ on a park-to-park basis, and will also differ based on when you go, since Disney has different prices for peak, regular and value date tickets. Annual passes will be affected too, with price hikes around 18 percent.

The price hike is reportedly meant to help Disney moderate attendance throughout the year.

Just a few days ago, Disney parks and resorts revealed a 13 percent revenue increase, which is roughly $5.2 billion, for the last fiscal quarter. The report showed an increase in both revenue and attendance. Overall park attendance was up by six percent, due to new attractions like Pandora - The World of Avatar and Guardians of the Galaxy: Mission Breakout!

Disney also alluded to the new tax law for a reported $1.6 billion benefit.

Last month, Disney gave 125,000 employees a one-time cash bonus of $1,000 each and invested $50 million to create a higher education program for workers.

Disney unions are currently fighting the company over "poverty wages."
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