Disney to Double Parks Investment to $60 Billion Over Next 10 Years

The Walt Disney Co. will nearly double its capital spending in its parks and resorts division over the next decade, investing $60 billion in expanding and enhancing domestic and international parks, as well as cruise line capacity.

What’s coming: The company also said it plans to add about 1,000 new keys, including hotel rooms or other lodging units, to the Disney Vacation Club product. Disney also has more than 1,000 ready to be developed acres across all of its existing parks, with Orlando's Walt Disney World in particular having a vast amount of land available for growth.

The goal: The investment is part of Disney's efforts to accelerate and expand its capital spending in the division. The company said it is prioritizing projects anticipated to generate strong returns.