And i think that’s the point...in layman’s terms: they’re in a holding pattern.
I do think the worst is over. Disney should be very happy that they have all those DVC rooms. I have to pay for my points and use them or lose them. In any case all of the rooms provide a profit to Disney and guests to the parks. WDW will be profitable in the next physical year starting in October. The vaccine should be out in large quantities in months and people will slowly start vacationing in Spring. The big thing to understand is that local and state governments have been requiring their employees yo work from home. As a result my friends who still work for the State of NJ have used none of their vacation time and are allowed to carry over more that the normal 1 year of time to 2021 but they will have to use it. They have also saved money by not having to commute. They will be vacationing in 2021 and many I know will visit WDW and Universal.
Friendly disagreement here. With no movie releases in theaters and leashing your parks, I have no idea how you can be profitable. Just because people are going to want to travel (which seems to be your only analysis) that won't make WDW magically increase their current capacity restrictions. Q1/2 are most likely washes and the only goal is to slow the bleed. Q3 profit maybe.
NJ state employees don’t tend to be “reflective” of the average vacation times and means
...at least none of the hundreds I know...
NJ state employees don’t tend to be “reflective” of the average vacation times and means
But anyway...DVC is important for just that reason...guaranteed traffic.
But we tend to forget the realities on Disney forums:
DVC is roughly 30% of the on property rooms at wdw...the other 70% are severely overpriced rack rooms and they have to sell. And beyond that: the majority come from the 500 hotel mess past 535/192....and that is a gigantic issue.
DVC drives almost no traffic to Anaheim or Paris as well.
DVC was meant to be a COMPONENT of the total -not the whole. And it will never be more than that.
Now...Iger managed to bamboozle the general public in the housing crash...the question is: can that happen again.
The loss of money in this is already massive to the customer base. They just don’t know it yet because the two dumbed down indicators - stock markets and real estate - haven’t been hit. But throwing trillions into stocks at banks behest doesn’t fundamentally alter you need tens of millions to pay to show in Orlando alone.
It was smart when the price offered longterm real savings to the buyer.
Right! I teased this with my wife and once we saw the cost holy cow..you would need to be a Disney enthusiast to pay that price. Like when is anyone at Disney going to say "Ok this got ridiculous"
They were profitable in a quarter with zero US park operations and did almost $12B in revenue.
“...we can’t penetrate those shields, Captain”
It’s been 15 years
Upfront price combined with a “reasonable” cost of the dues over the life of the contract with appreciation.
No use...
Totally disagree. Even without a vaccine at all, people are moving on in so many ways. We're seeing it now. A vaccine ends this because it takes Armageddon off the table completely.
Objectively, travel is improving even if you only believe it's because it was very dire only 3-4 months ago. I think people are going to be surprised how quickly it bounces...it already has. Have you priced plane tickets? I just got off a light I purchased in April for $50. The same flight is now $300.
Bingo. Although it goes beyond just the hours, if they continue to have less attractions and entertainment then it's still a no go even if the hours increase. Right now they seem to be doing what McDonalds has done, kept the same prices or even raised them while cutting back on the product the customer is getting. You can't do both and expect people to bend over happily ever after. Worst still is they aren't just cutting hours or entertainment, they are cutting both while maintaining the same price... Never going to work, our plan was going back next Fall when things were normal, but if they don't go back to normal by then we'll find something else to do for a Fall break and if we enjoy it too much then the odds are that will become our new annual Fall break and Disney can become a memory.
