JDL30
Well-Known Member
Hong Kong Disneyland Resort just posts a net loss of $19.1 million - not looking good for the Chinese/Asian economy. http://variety.com/2016/biz/asia/hong-kong-disneyland-in-loss-1201706466/
Two points.I say this not because I'm a DLP fanboi (though I must admit to being one), but because I'm tired of the narrative set by ignorant US-based Disney fans that continues to be pushed as an excuse for the domestic park's failings.
A major collapse in attendence and occupancy at DLP would be something the international press would have covered. Why should I believe some random WDW CM on this? Have they ever set foot in Europe?
Unclear at this point.Once Again: does this affect just WDW or is it beyond to other resorts?
Two points.
1. I'm from England, and not an ignorant US-based Disney fan.
2. What I have reported isn't from a random WDW CM.
You don't have to believe anything. I'm just passing on what I know - take it or leave it.
There are already a couple of threads listing some of the specifics, but I think it is time for a centralized thread with an overview of the current situation with regard to cutbacks.
Over the past few weeks we've been contacted by CMs throughout the parks and resorts with details of some of the cuts taking place through the parks and resorts - and it is taking place at all levels.
Despite record attendance and financial results, cuts are being ordered anywhere and everywhere - to levels last seen during the economic downturn of 2008.
Cuts will include reduction of operating hours - at all levels, from the parks themselves, down to the individual attractions, restaurants, and shops.
Numbers of CMs are being reduced wherever possible. Fewer cast will be at registers in shops, fewer cast will operate resort front desks, fewer cast will be handling bags at the resorts, and fewer cast will be running attractions.
Overtime is being suspended wherever possible, and when cast leave, they are not being replaced.
Things are just getting started now, and are thought to be continuing through to the summer. No word yet on how long they will be in place.
What's the reason for this when the company has record performance in Q1? Overseas parks. Specially Shanghai's cost over-runs, and continuing poor performance of Disneyland Paris - which has increased further with the terrorist attacks.
Maybe they should focus more on the existing cash cow parks and quit running them down because of stupid decisions made elsewhere....just sayin
At this Point, I'd rather they stop putting money into Paris, sell off the hotels, tear the park down and sell a bunch of stuff off or reuse it elsewhere and then sell the property.
Paris has proved to be a blackhole and like others have stated, it doesn't have much the other parks don't have and the weather is worse. No incentive to go there.
The Sentinel should pick this story up and try to get it to go national. People need to know about this BS.
Disney is cutting staff left and right, but will likely raise prices within the next 2 weeks. This needs to be exposed.
Not that this will be the case, but if an organization is being run profligately, smart cuts can sometimes be a good thing. On last visit I remember seeing a fair number of cast socializing in groups of two/three or playing on their phones, rather than attending to their roles. It was like interrupting a conversation to get their attention. I'd rather see fewer, but higher-compensated, better-motivated and better-performing cast (career-minded), than a surfeit of disengaged kids - although that's wishful thinking.
However this affects the parks, noticeable or not, glad I am waiting until 2018 at the very earliest to venture back.
I want WDW to be around for a long, long time... so I'm good with some cuts here and there, to keep 'er running. However with that said, I think it's safe to say that we all have some key/basic expectations when we visit- given how expensive it is to do so. I have vacationed at WDW on property every year going on 11 years now and will be back again this May. I am <very> hopeful that these cuts aren't noticable.
Hong Kong Disneyland Resort just posts a net loss of $19.1 million - not looking good for the Chinese/Asian economy. http://variety.com/2016/biz/asia/hong-kong-disneyland-in-loss-1201706466/
Wow. Lots of hostility on this. Ok, perspective. Paris is a factor, but not as large a factor as Shanghai. Hopefully once they get that open, the financial pressure will be relieved a bit.
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