11:34 AM EDT, 08/12/2024 (MT Newswires) -- Walt Disney ( DIS ) on Sunday announced a multi-year expansion plan of its theme parks and cruise lines as the media and entertainment giant looks to reinvigorate its experiences segment amid moderating demand.

At Disney's ( DIS ) Magic Kingdom in Florida, construction for two new attractions inspired by Pixar's "Cars" will begin in 2025. The park will also see the addition of Villains Land, which the company said will feature the "darker side" of Disney's ( DIS ) fairytales. The Villains Land construction begins "soon," Disney ( DIS ) said.

Construction on a new attraction inspired by Pixar's "Monsters, Inc." movie franchise will begin next year at Hollywood Studios, the company said. Within Disney's ( DIS ) Animal Kingdom park, Tropical Americas will open in 2027, featuring Indiana Jones and the magical house and family from the Walt Disney Animation Studios film "Encanto."

At Disney California Adventure, the park operator will add a new attraction inspired by the "Avatar" movies and double the size of its Avengers Campus with two new attractions. It will also start construction on a new "Coco" attraction in 2026.

Outside of the US, the company will add new Avengers experiences at its resorts in Shanghai and Hong Kong as well as the first-ever ride-through attraction themed to Walt Disney Animation Studios' "The Lion King" at Disneyland Paris.

Meanwhile, four new cruise lines will begin setting sail from 2027 to 2031, bringing its total number of ships to 13, Disney ( DIS ) said. The announcements come after Disney ( DIS ) last week said that third-quarter revenue in its experiences division, which includes parks and cruises, ticked up 2% year over year to $8.39 billion while its operating income dipped 3% to $2.22 billion.

The performance reflected flat attendance in the quarter, Chief Financial Officer Hugh Johnston told analysts on an earnings conference call, according to a Capital IQ transcript. The company is expecting a "flattish revenue number" from experiences in the fourth quarter and a couple more quarters of "likely similar results," he said.

"The investments that we're making into the experiences business, we feel very, very good about. It's been a great-returning business for a long time," Johnston said last week. "We wouldn't be making capital investments in an accelerated way if we didn't expect to accelerate growth out of those businesses."

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