Disney Parks are facing a slowdown in consumer demand due to higher prices. The company’s parks business performed below expectations, with a decrease in profit. While attendance and spending remained steady, a sluggish economy affected travelers. This could be concerning for the economy as consumers scale back on vacations. Bank of America Institute reported a decline in credit card transactions for travel in June. Inflation and investments in technology and rides impacted income at Disney’s domestic parks. Despite this, Disney’s international parks saw an increase in attendance and spending. The company’s streaming service, Disney+, turned a profit for the first time.
