Disney (NYSE:DIS) is coming off another blowout quarter, but things should get even better.
Despite record attendance at Walt Disney World in Florida, and Disneyland in California, the family entertainment giant is rolling out a MyMagic+ tool that will help guests plan their upcoming visits by securing restaurant reservations, FastPass tickets, and even schedule character interactions before leaving home.
A big part of that push will be the MagicBand bracelet that hotel guests and annual passholders will receive. The RFID wristband will make it easier to save wait times on attractions, and provide personalized experiences that no other park can match.
That's important. By raising the bar, Disney is setting itself apart from nearby SeaWorld (NYSE:SEAS), and Comcast's (NASDAQ:CMCSA) Universal neighboring theme parks on both coasts. Even regional players Six Flags (NYSE:SIX) and Cedar Fair (NYSE:FUN) can't ignore Disney's new fashion accessory, because it will raise the bar on how guests expect to be treated at the regional amusement parks if they want to win some of Disney's business.
In this video, longtime Fool contributor Rick Munarriz goes over some of the things that Disney executives said on Tuesday night in revealing what Disney plans to gain from this high-tech revolution.