BillPA
DIS Veteran
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Just saw this on MSNBC:
http://www.msnbc.msn.com/id/17280769/
Disney to add two cruise ships
Disney to Add Two New Cruise Ships
Disney to add 2 new vessels to cruise business to meet family cruise vacation demand
Updated: 5 minutes ago
LOS ANGELES - Walt Disney Co. said Thursday it would double the size of its cruise business by adding two ships, scheduled to launch in 2011 and 2012.
The company has been considering expanding its cruise unit, reflecting the entertainment conglomerate's attempt to broaden its theme parks-based hospitality business.
Disney said it has signed a letter of intent with Germany's Meyer Werft shipyard for two 122,000-ton ships, which would be two decks taller than its existing 83,000-ton ships.
The Disney Cruise Line was launched in 1998.
Disney president and chief executive Bob Iger said the cruise line has had high margins and double-digit returns on invested capital. "We're excited to announce the expansion of our fleet, which is a logical next step in what is a real growth business for us," He said.
Financial terms were not released.
http://www.msnbc.msn.com/id/17280769/
Disney to add two cruise ships
Disney to Add Two New Cruise Ships
Disney to add 2 new vessels to cruise business to meet family cruise vacation demand
Updated: 5 minutes ago
LOS ANGELES - Walt Disney Co. said Thursday it would double the size of its cruise business by adding two ships, scheduled to launch in 2011 and 2012.
The company has been considering expanding its cruise unit, reflecting the entertainment conglomerate's attempt to broaden its theme parks-based hospitality business.
Disney said it has signed a letter of intent with Germany's Meyer Werft shipyard for two 122,000-ton ships, which would be two decks taller than its existing 83,000-ton ships.
The Disney Cruise Line was launched in 1998.
Disney president and chief executive Bob Iger said the cruise line has had high margins and double-digit returns on invested capital. "We're excited to announce the expansion of our fleet, which is a logical next step in what is a real growth business for us," He said.
Financial terms were not released.