Sirwalterraleigh
Premium Member
That investor and corporate mentality has changed over the last 50 years?
Yes…even some smart people have written about it…
Just hit the “I” button, Dusty…we won’t miss each other
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News Disney plans to accelerate Parks investment to $60 billion over 10 years
- Thread starter CaptainAmerica
- Start date
Yes…even some smart people have written about it…
Just hit the “I” button, Dusty…we won’t miss each other
JD80
Well-Known Member
Cruise ships coming online will not be a heavy spend since the spend would have been outlaid already.
eddie104
Well-Known Member
You didn’t answer the question but nice deflection though.That investor and corporate mentality has changed over the last 50 years?
Yes…even some smart people have written about it…
Just hit the “I” button, Dusty…we won’t miss each other
The bulk of payments for Cruise ships are at the order phase and the delivery phase.
Disney announced that it was ordering 4 cruise ships in August 2024. With their 2025 Fiscal year starting in October, it is likely that the deposit for these ships would come due in FY2025.
Sirwalterraleigh
Premium Member
Sirwalterraleigh
Premium Member
Let me make it less subtle: not interested…You didn’t answer the question but nice deflection though.
You want to put up some points…all day long I’ll entertain…
But i’m getting too old for “snits”
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eddie104
Well-Known Member
I find it funny how people are like “Disney is this big evil greedy corporation” but have no problem supporting billionaires who they personally agree with.
For instance I saw some complaints about Iger’s pay but at the same time I know if his politics leaned a little to the right it would be radio silence regarding that.
Not saying you’re like that but I do question all the preaching I see on these forums when it concerns big business or the economy.
BrianLo
Well-Known Member
You are both a little right and a little wrong. The bulk of the spend is actually just the year of delivery. Order spend is really quite minor; until the blocks start prefab it’s almost inconsequential.
See NCL’s debt tables. Leonardo 1 was delivered Oct 2022. Leonardo 2 was well under construction by the end of 2022. You can still see 75% of the spend on Prima (Leonardo 1) hits the books in the delivery year, despite the vessel having its float out in August 2021.
But I side with Monothingies original comment that a big boost of the capital spend is because there are two DCL ship deliveries next year instead of one. Or really exclusively being driven by DCL Adventure since Destiny is cancelled out YoY by Treasure.
Sirwalterraleigh
Premium Member
Let me state this directly:
I absolutely couldn’t care less about the politics of business and its CEOs
I reject - fully - the cult of personality that Iger has formed around himself and has run roughshod over the longterm stability of the TWDC to do it.
This didn’t start last week…or in 2022…or 2020…this has been coming for a long time.
But take it away from Iger…this is just too long. 20 years isn’t “stability”…is stagnation. The challenges they’ve faced the last 10 years have not been dealt with properly. And why? Because stagnant people aren’t on their toes and are convinced they’re always right. That’s Bob.
For any company…let alone one that peddles emotions and nostalgia.
JD80
Well-Known Member
Thanks for the explainer.
Sirwalterraleigh
Premium Member
As an aside…I hear those Norwegian ships blow chunks
BrianLo
Well-Known Member
I’ve done both Prima/Viva. They suffer from the we went smaller but wanted even more venues phenomenon. Like Wish. I’m neither a buffet nor main pool type person, so I like (not love) either. But the stretching of the sister ships should address several too small venues.
Plus they have a fancy Miami hot resort style ship and decided to base it out of Iceland for years…
Sirwalterraleigh
Premium Member
We had prima booked for a hot minute…then dove into research and the vibe wasn’t good at all
OUT!
You are correct. It's mostly what they've been spending in Capex shortly before the pandemic.
Altho... what they were spending on Capex shortly before the pandemic is a heck of a lot more than what they spent in the previous decades of the Great Dry Spell.
BrianLo
Well-Known Member
If carried through, I’d call it significant. With inflation baked in it’s 150% more investment decade on decade, where last decade was pretty good portfolio wide. It also depends how that is spread around.
What we are seeing with the longer term roadmap in things like DCL I would actually call on the precipice of transformative for that specific arm. 7 new ships and a private island during the window (and one more bonus from their partner). In theory we could still get another 1-2 vessels before the fiscal 2033 rollover. They are transforming from a niche cruiseline to a major player.
As of now we aren’t remotely seeing out of WDW what I would expect for the numbers thrown around. I’m seeing maybe 5B-6B of spend earmarked through Villains with announced projects. Certainly not 17.
Jrb1979
Well-Known Member
IMO it's feeling like they are pivoting from parks to cruises as that fits the demographic they are after. They are almost at the tipping point price wise for the parks but can still increase prices on cruises.
wannabeBelle
Well-Known Member
Not so sure about increases on cruises. They are already high for the industry and the audience is being very actively courted by a number of other lines such as Royal Caribbean, Carnival and NCL who are marketing right to this demographic. Getting into new markets for Disney by having more ships makes sense but that wont last forever either. Marie
It would be nice to get a Southern Caribbean cruise in the winter months. It would be nice to have some different dining menu items on the original 4 ships after 6+ years. It would be nice to have more than the Treasure doing the 7-night Eastern Caribbean sailings. There are opportunities to create demand from what they already have but DCL management refuses to vary from their current offerings. But what they continue to offer gets stale quickly after you sail a couple of times.
John park hopper
Well-Known Member
I would like to see more round trip cruises as I hate to fly.