BrianLo
Well-Known Member
Forbes article breaking down OLC's finances.
It mentions that OLC appears unlikely to meet their 2024 attendance forecast, despite the opening of Fantasy Springs, and that OLC's capitalization has decreased by $22.3 billion this year.
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The Disney Resort Operator That’s Worth Less Now Than It Was Two Years Ago
When theme park operators spend billions on an expansion they don't expect the value of their company to plummet after it opens. But that has happened at one Disney resort.www.forbes.com
I despise this writer. She’s the one with the nearly unreadable meandering article about Disney Sea that felt written by AI.
Perhaps the article has been updated, but it’s not a failure to meet their attendance targets, attendance is projected to be up 5% and typically OLC under estimates in their forecasts.
It’s the arbitrary failure to be above 2019 attendance that she is highlighting. Maybe failure, since these are projections. Maybe failure, since we don’t really know what this resort is actually targeting for attendance, since they still don’t have APs back. The attendance mix is very different.