Disstevefan1
Well-Known Member
Totally agree. Right now, what they are doing seems to be working.I'm commenting on you saying there is always someone to come in to pay the prices and replace those that hit their breaking point. I think there are questions now if that is the case. We don't know til we see another year or two of data. And I will say it doesn't have to be the case (1-1 replacements) as long as the current average spent multiplied by attendance is still greater than it used to be. BUT, as attendance decreases, and things get more expensive, I question where that peak might be. I'm sure there are people willing to pay $7 for an ice cream bar but are there enough? If 10 people were paying $5 for that bar, are there still 8 willing to pay that $7? Will 7 pay if it goes to $8.50? That's really the question I'm asking. And of course, how does it factor in if people's friends start telling them "They changed the ice cream, it's gross now." Basically, my point was per guest spending only matters as long as the drop in attendance doesn't trend lower than the amount of price increases.
Time will tell.
I'll be watching from the sidelines. And when I say sidelines, I mean Universal and SeaWorld