ParentsOf4
Well-Known Member
Increasingly, more Americans are finding WDW overpriced.Nope, I don't think it is overpriced at all. If I did, I would stop going.
WDW's attendance has declined 2 out of the last 3 years while simultaneously exploding at Universal, which is up over an incredible 60% since the opening of WWOHP, showing people are will to go to theme parks if offered the right experiences. With Avatarland not scheduled to open until later this decade, it looks like WDW will go over a decade without an exciting new attraction. This from a resort that opened 3 entire theme parks in 16 years.
At the 2012 financial results conference call, Bob Iger readily acknowledged that WDW's attendance is being propped up by overseas guests, who appear to be taking advantage of a favorable exchange rate as well as great discounts that are not being offered to Americans. Leading the charge are guests from Brazil and Argentina. If you have been to WDW in the last 12 months, their presence is becoming increasingly apparent.
In 2005 (when Iger took over), a 10-day Magic Your Way ticket with park hopping, water parks, and "No Expiration" cost $377.00.
In 2012, the same ticket cost $672.00.
That's a compound price increase of 8.6% annually.
That's a price difference of $295.00
According to the U.S. Department of Labor, $377.00 in 2005 is equivalent to $444.41 in 2012.
That's a compound price increase of 2.4% annually.
That's a price difference of $67.41.
Even in the last 8 years, with no new theme parks and few park additions, WDW prices have skyrocketed out of control.
Similar price increases have affected the Disney Dining Plan (DDP).
Introduced in 2005, the DDP averaged an 8.0% annual increase from 2005 to 2012, with another 12.5% in 2013.
Again quoting from the article:
This statement is completely reasonable and understandable.To those travelers, Disney is merely a commercial machine built to sell tickets, overpriced toys and a stereotype of girls as princesses.