My posting was mainly to point how ridiculous pricing has become, I'm not trying to justify anything by using inflation. Just want to get ahead of the "but inflation" crowd
I know you’re joking, but the cost of chocolate actually has gone up a lot in the past few years. That isn’t why Disney’s raising its prices, of course, but I don’t think the increased cost of this year’s tickets is out of keeping with larger economic trends.
Wait how does the chart do that? Has there been a corresponding drop off in ticket sales over the same time period such that people aren’t paying for the tickets? That would arguably be evidence that points to pricing being ridiculous. But if the parties keep selling out, all this chart shows is how UNDER priced the tickets were given the demand .
ECON 101
It doesn't, people are paying for it and Disney is obviously making more money YoY to justify these increases. It's just impressive to see how Disney has gone against conventional economic rules where they increase prices and somehow find more people to pay them.
Could you clarify what you mean? As I alluded to above, prices have been going up for many goods and services, such that Disney’s increases seem consistent with current economic norms. For the party to become prohibitively expensive, Disney would have to raise the cost quite a bit more than they have.
Things have certainly gotten more expensive, but a 35% change in pricing since 2018 is wild... especially for a party that features the exact same offerings each year.
A 35% increase *beyond* calculated inflation. A 70% increase in raw dollars, if you will. Are they selling 35% or even 70% fewer tickets for MNSSHP on any given night than they were in 2018 and 2019? Fewer, for sure, but 35% fewer? Maybe. 70% fewer? No way. (I'm in your corner on this, in case anyone was wondering
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That’s fair. I suppose I was thinking of the increase since last year, which seems more or less in keeping with the current economic reality.
But how is that going against normal economic rules? At a basic level your prices are based upon what the market bears. So if in one year prices are X and the market buys 100% of what your selling, simple economics would have you raise your prices until you hit an inflection point where the price increase is no longer supported by the market. Clearly the graph and ticket sales is saying they haven’t hit that point yet.
Exactly. Where they were too aggressive is room rates—which is why they are heavily discounted now.
Wow.
Wow is right. I didn’t expect it to sell out before Memorial Day.
Wow, that’s impressive.
