Walt Disney Parks and Resorts is the segment of The Walt Disney Company that conceives, builds, and manages the company's theme parks and holiday resorts, as well as a variety of additional family-oriented leisure enterprises. It is one of four major business segments of the company, the other three being Consumer Products, Media Networks, and Studio Entertainment.
The Parks and Resorts division was founded in 1971 as Walt Disney Attractions when Disney's second theme park, the Magic Kingdom at the Walt Disney World Resort in Florida, opened, joining the original Disneyland in California. The chairman of Walt Disney Parks and Resorts is Thomas O. Staggs, formerly the Senior Executive Vice President and CFO. Staggs reports to Disney CEO Robert Iger.
In 2009, the company's theme parks hosted approximately 119.1 million guests, making Disney Parks the world's most visited theme park company, ahead of the second most visited, Merlin Entertainments. – less