mikejs78
Premium Member
I would love to be a fly on the wall of your data science team trying to figure out how to model all this once Disney announces whatever they announce. It's going to be nuts and I can't imagine how your entire business will have to adapt to figure it out...I'm convinced Disney will have to implement dynamic pricing during the day for FastPass. They're looking to optimize revenue. The most practical way to do that is by adjusting the price during the day.
If they set the cost of a FP too low, you start a death spiral for the standby line. You end up with the same problem you had with FastPass+, and you didn't make enough money to compensate for the drop in guest satisfaction. For example, let's say:
This is essentially the pre-pandemic FastPass model, with a $0.01/ride cost.
- Disney prices a 7DMT FP at $0.01
- 7DMT handles 1,500 people per hour
- 75% of the ride's capacity is allocatedfor FP++
- Guest satisfaction drops significantly once wait times exceed 20 minutes (per Bruce Laval, the guy that invented FastPass, in recent court testimony)
In this case, you'll end up with a standby line that looks a lot like pre-pandemic standby lines, with peak posted waits of around 120 minutes for yesterday ("first Tuesday in July"). And you've made $11.25 per hour for the park:
View attachment 570133
Conversely, suppose you price each FP at $1000 and no one uses it. Then you end up with the situation you have today. Wait times are still high enough to cause guest dissatisfaction, and you've made no money:
View attachment 570136
Dynamic pricing allows Disney to protect itself against setting the price too low or too high.
The other thing to note is that paid FP, and dynamic pricing in particular, is all profit for Disney; the price of your ticket, food, and merch already covers the cost of running the parks. We know this because the parks operated at a profit before the pandemic.