mergatroid
Well-Known Member
With the economy currently collapsing and prices soaring it's not going to happen as promised is it?
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News Disney plans to accelerate Parks investment to $60 billion over 10 years
- Thread starter CaptainAmerica
- Start date
Ayla
Well-Known Member
Highly unlikely. Things will quietly fade away, never to be heard about again, which was predicted by some of us, and we were scoffed at. No one is laughing now.
Disstevefan1
Well-Known Member
For whatever real reason they fail do deliver what they promise, Disney does have a built in excuse, blame it on (you know who).
Funny, the collapsing economy does not stop Disney from building DVC towers...
Meanwhile there is Universal building and growing....
mergatroid
Well-Known Member
I can see Universal slowing down too. Just like they did when they temporarily put on hold Epic Universe a few years ago.
Batman'sParents
Active Member
Maybe we will finally get some really good deals on DVC like Disney had in 2009
"Normally, points are selling for $230/point. But with this SPECIAL, MAGICAL!!! deal, you can get them for only... $229/point!!! See your DVC sales representative NOW!!!"
So, we're talking about real world events having a very real affect on not only Disney parks, but all parks, and you want to already prepare in advance an argument that Disney will slow or stop building because of some made-up excuse?
And you think the economic woes which have only started this week has anything to do with a DVC build started half a year ago?
And you think that Universal, already experiencing "value engineering" because of Comcast's financial woes is going to forge ahead because they're the good guys and would never cut back on their offerings even in an economic downturn?
Again, you're tripping over yourself in your mad rush to score points against Disney and your posts are blathering nonsense.
Disstevefan1
Well-Known Member
Lets see what happens. As a selfish guest, I hope EPIC is not MOBBED
SplashJacket
Well-Known Member
I think there’s an extremely important distinction between the company changing plans on its own terms vs external conditions.
The common war cry is Disney leaders doing intentional bait-and-switches.
Please note: it doesn’t make sense to spend hundreds of millions developing projects if you have no intention to build them.
If an economic downturn slows or stop the new additions, then that same economic downturn will reduce the number of guests such that the additions aren't needed.
Batman'sParents
Active Member
Don't forget to pay $95 for the rights to use your points to buy an AP!
Fido Chuckwagon
Well-Known Member
They’re literally not going to have a choice. Travel agents in Canada are reporting that bookings to America are down 90 percent. There were 1.2 million Canadians who travelled to Orlando in FY 2023. That’s about 2 percent of all WDW visitors. And that’s just Canadians. Extrapolate that to travelers from the rest of the world, add in a crashing domestic economy and domestic travel as well, there’s just no way they can expand. They’re going to have to cut to survive.
CEOs usually come up with blame game on why their plans can’t happen.
Fido Chuckwagon
Well-Known Member
This is definitely true. The parks are about to be the emptiest they’ve been in years, perhaps decades, and incredible ticket and hotel deals will be available.
Disstevefan1
Well-Known Member
I am glad I can enrich your day with my blathering nonsense
"real world events" or not. I do not have faith in todays Disney delivering on their promises and I do believe they will blame others if they fall short.
A while back they did pause the now renamed Lakeshore Lodge DVC and recently resumed again and is working rapidly on it (as appears to me at least).
Its funny, Disney says they know about everything 10 years in advance, and begins to develop things 10 years in advance like that awesome haunted mansion gift shop in Disneyland.
You would think they would have known about the "real world events" coming well in advance.
My blathering nonsense C O N T I N U E S . . . .
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el_super
Well-Known Member
Disney announced the billion dollars expansion of DCA back in 2007, and that survived the 2008 financial collapse. If interest rates go down, and borrowing becomes cheap, it makes sense to build during a downturn. Especially if you think it will be short-term and want to be prepared when the crowds and spending return.
Weigh that against their desire to stagger openings for maxmium return on marketing efforts. They may slow down timelines and push things out for years (as they did during COVID), but the projects will probably continue.
Batman'sParents
Active Member
And Canadians and other foreign visitors generally spend more than domestic US tourists. They are more likely to stay longer; see the 14-day UK WDW ticket as an example. Disney gives them a great deal on the ticket. But they spend a ton on merchandise, dining, and lodging. Not to mention other indirect like rental cars or airfare.
Disstevefan1
Well-Known Member
You are correct, intentions are real, the actual results may fall short.
Disney spends hundreds of millions making movies that may lose big or may make some money.
Disney spent hundreds of millions on the star cruiser as a test.
Who knows what Disney spent on Homoamorous only to drag it back stage and destroy it.
SamusAranX
Well-Known Member
I’d venture to say that was a different Disney then. Their modus operandi on increasing revenue is different now
Ayla
Well-Known Member
I agree with what you are saying and did not imply this was a situation where Disney would be potentially scaling back or cancelling projects due to their own internal reasons, vs external conditions they have no control over.