Effect of Brexit on WDW attendance?

[Lunair]

Been at WDW for the past week and crowds have been unusually low......until today. Today at Magic Kingdom is ridiculous. It took us an hour to get from our car to inside the park, where past days have taken about 20 minutes. Did something special happen to bring in the crowds?

 

[Lucky]

Been at WDW for the past week and crowds have been unusually low......until today. Today at Magic Kingdom is ridiculous. It took us an hour to get from our car to inside the park, where past days have taken about 20 minutes. Did something special happen to bring in the crowds?

Holiday weekend coming up.

 

[Pumbas Nakasak]

Have you even noticed that we refer to our past presidents as Mr. President? Common protocol.

You can call him Tony. or war criminal which ever floats your boat.

 

[Nubs70]

CNN: Brexit crash wiped out a record $3 trillion. Now what?

A record $3 trillion was wiped out from global markets on Friday and Monday. That means more money was vaporized as a result of the Brexit crash than in any previous two-day period ever, according to S&P Dow Jones Indices.

Friday's losses of $2.1 trillion were already the heaviest suffered in a single market day, eclipsing the $1.9 trillion that was erased on September 29, 2008 when the U.S. Congress infamously voted down the Wall Street bailout.

The larger losses in the Brexit rout partly reflect the fact that markets are retreating from higher levels these days.

The Brexit pain deepened on Monday as the Dow slumped another 300 points and European stock markets shed 2% or more.... ​

Color me wacky, but I suspect that more and more people are going to feel that spending money at an overpriced Disney theme park, to see the same things they've seen before, isn't such a high priority.

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$3B is a good start in absorbing the excess cash dumped into the market through central bank ZIRP. The US dumped at least $9B into the world economy over the last 8 years.

 

[mgpan]

Not an economic treatise or hypothesis of market conditions and effects, but a more simple comment. Hasn't TWDC been especially forthcoming with generous discounting to lure UK visitors in past years, even more so than stateside visitors? Why would this not continue if necessary? 14 day ultimate tickets, free dining dates and discounts not available to U.S. guests have been offered for years, making it a great value with the exchange. Again, why would this not continue?

 

[SorcererMC]

Not an economic treatise or hypothesis of market conditions and effects, but a more simple comment. Hasn't TWDC been especially forthcoming with generous discounting to lure UK visitors in past years, even more so than stateside visitors? Why would this not continue if necessary? 14 day ultimate tickets, free dining dates and discounts not available to U.S. guests have been offered for years, making it a great value with the exchange. Again, why would this not continue?

The discounts will likely continue, but (rhetorically), how much room do they have to discount further? And would that be sufficient to offset the expected decline ? It's the net change in visitors, as well as the change in spending due to the exchange rate, that will affect the overall impact on revenue. Should Disney miss those expected targets, the stock price will decline.

 

[Jason1980]

Not an economic treatise or hypothesis of market conditions and effects, but a more simple comment. Hasn't TWDC been especially forthcoming with generous discounting to lure UK visitors in past years, even more so than stateside visitors? Why would this not continue if necessary? 14 day ultimate tickets, free dining dates and discounts not available to U.S. guests have been offered for years, making it a great value with the exchange. Again, why would this not continue?

The discounts will likely continue, but (rhetorically), how much room do they have to discount further? And would that be sufficient to offset the expected decline ? It's the net change in visitors, as well as the change in spending due to the exchange rate, that will affect the overall impact on revenue. Should Disney miss those expected targets, the stock price will decline.

There is plenty of room to discount the UK visitors. The 14 day ultimate tickets have been hiked by about 50% in the past 6 years. It's too expensive now.

I've just got back to UK from Orlando. Arrived with Colin, was there for the shooting and Gator attack. I haven't bought a 14 day ticket for 3 years now and I visit Orlando at least once a year, occasionally twice and have done so for 12 years. I spent my money at Universal. At least they try and keep things fresh.

I'm booked to go again in October but after that I'll have to seriously reconsider Orlando. Our economy is in ruins. The exchange rate is rubbish ($1.9/£1) and Park tickets continue to rise at crazy rates. I'm just one Brit but I'm sure there are plenty of others who will also not travel as much now.

 

[WDW862]

Breaking News

 

[Filby61]

..."Brexcot?"

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[LAKid53]

I repeat what I previously said. I think in a few years, those who voted to leave will have buyers remorse...for some, it's already started.

I'm hoping the £ can recover quickly. If not, those who voted to leave, especially the older folks in the North and rural areas, will have a tough time.

And yes, it will have an impact on WDW. Not initially, but in a year, when all the prebooked vacations have been taken and new ones will need to be made using an unfavorable exchange rate.

Question somewhat off topic. If Scotland does hold another referendum and votes to leave the UK, what happens to the Queen's residences in Scotland? Some are owned by the government and some are her personal property (I think Balmoral is). Could be a source of tax revenue for Scotland.

 

[LAKid53]

Breaking News

 

[tirian]

won't make a difference. The pound will be back up again soon. Leaving the EU won't make a difference to my trips to WDW.
I'm happy UK are leaving the EU (yes I voted leave, no comments calling me racist/old/uneducated/unemployed please - had enough of that now)

As an American, I think the eventual independence and sovereignty might be worth the short-term troubles, but I freely admit that's my American optimism talking. Obviously, I don't know as much about it as you Brits.

 

[matt9112]

Probably both. Since July is their winter school break and they definitely will be preoccupied in August, no roaming bands of minimally supervised teenagers.....

And by the time the Olympics are over, they'll be back in school.

brazilian econony is a dumpster fire. life savings accounts vanish ect. no vacation cash.

 

[ShazzyBoo]

Not an economic treatise or hypothesis of market conditions and effects, but a more simple comment. Hasn't TWDC been especially forthcoming with generous discounting to lure UK visitors in past years, even more so than stateside visitors? Why would this not continue if necessary? 14 day ultimate tickets, free dining dates and discounts not available to U.S. guests have been offered for years, making it a great value with the exchange. Again, why would this not continue?

I expect they will continue. However, even with these discounts going to Disney World (especially on-site) is very expensive from the UK. I do, however, recognise that we go for a much longer period than Americans tend to visit. However, with flight times/prices and jet lag, a quick trip is unfortunately not a possibility.

There is only so much that Disney can control with prices. They can't control flight prices, car hire and the exchange rate for spending money, which makes up a large percentage of the cost.

Additionally, I think when people feel the economy is going to be heading towards hard times, they tend to avoid spending on extravagant things.

One thing that I think would make a big difference would be for them to offer the quick service dining plan for free at value resorts again. They cut it back to breakfast only at some point over the past few years.

It will be interesting to see how it all plays out.

 

[LAKid53]

brazilian econony is a dumpster fire. life savings accounts vanish ect. no vacation cash.

Yeah. But at least Brazil isn't running out of food, like the Venezuelans.