Tourism over the past decade grew at astonishing rates. Podunk towns and tiny villages saw record tourism.That I completely agree with, but so far that growth hasn’t hurt Disney at all, they’ve perhaps even benefited from it.
Whether that holds true with all Chapek and Co’s horrible changes remains to be seen but so far attendance has grown at all the parks, including Disney (pre-Covid).
Just at the basic “Disney is a business level” while it’s true there are scenarios where you can make more money from fewer customers spending more, more customers spending more is even more money. Even after it opened and was a huge success, and remained a success, Iger couldn’t understand why Disney wasted money on Expedition Everest. He didn’t see a future in the parks which is why he tried to offload them. Just imagine how much more money Disney could have made if they actually sought to take advantage of the booming interest in tourism and themed entertainment.