Almost everything Peltz has said is a misdirection…let’s be honest.
He is right about somethings and wrong about others.
Wall Street guys saying “invest in parks”…which seems logical from the outside. More investment = more return.
But in wdw that isn’t necessarily true. Once they hit the 7 day barrier…analysis says that it’s diminishing returns. Weird but true.
The only way they “make more”…once they maxed the attendance which appears to be 5 years ago…is to charge more. Which means investment doesn’t pay.
They would have to expand massively to bring more people in to bring growth profits. But that’s big overhead and the travelers cannibalize the existing parts due to limited vacation time and funds.
Universal hasn’t hit that wall yet. But they would if they continue to build.
I won’t go too deep…I’ll send you a free copy of my book when I write about it