High Quality Content by WIKIPEDIA articles! The Walt Disney World Company manages and operates the Walt Disney World Resort near Orlando, Florida. The resort land is owned by the Walt Disney World Company, the Walt Disney Travel Company, and the Walt Disney World Hospitality and Recreation Corporation. All are wholly owned subsidiaries of The Walt Disney Company. The Reedy Creek Improvement District is the immediate governing jurisdiction for the land located in the cities of Bay Lake and Lake Buena Vista. The Walt Disney World Company is the Orlando area's largest employer, with approximately 57,000 employees, known as "Cast Members."