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Walt Disney Parks and Resorts reports fourth quarter earnings up 6 percent

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Guest spending at Walt Disney Parks and Resorts helped boost fourth quarter earnings for the Walt Disney Company by 6 percent to a record $55.6 billion. Higher average ticket prices and room rates, along with increased food and beverage spending caused Walt Disney Parks and Resorts’ revenue to increase 5 percent to a record $17 billion, according to the report. Operating income jumped 9 percent to a record $3.3 billion. Both Disney World and Disneyland’s domestic hotels reported occupancy rose…

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