Math from the article:
View attachment 751032
$20k <> $42k. (that graphic is the one I referenced in my previous post, lol)
Math from the article:
View attachment 751032
The writers were just trying to find the extremes of a WDW vacation. But not the average trip I guess? It makes it more sensational.
Math from the article:
View attachment 751032
I've read a lot of ridiculous takes today (Michigan twitter, mainly), but this takes the cake.When do you think they will consider just closing the parks in Florida?
Very interesting, if it really is that big. I went back and Googled the post 9/11 situation. https://forums.wdwmagic.com/threads/wdw-attendance-down-6.12696/ . After the initial hit which was a massive 28%, the aftershocks of quarterly 6% declines feel rosy when compared to a 15% drop.From Bloomberg just now: Disney World Visits Decline As Expenses Overwhelm Visitors
I'm quoted in the article. Based on what I know about how these things are fact-checked, Disney did not dispute the claim of a 15% drop in visits.
you realize things may not be good without the parks closing right?
Very interesting, if it really is that big. I went back and Googled the post 9/11 situation. https://forums.wdwmagic.com/threads/wdw-attendance-down-6.12696/ . After the initial hit which was a massive 28%, the aftershocks of quarterly 6% declines feel rosy when compared to a 15% drop.
I'd guess International travelers to WDW are still down, given Europe and especially the UK's economic sluggishness, but that would only explain part of it. I read a non-Disney article yesterday that luxury vacations and experiences are still going gangbusters...cruises, Europe, etc. A childhood friend, who has not typically enjoyed things like this recently posted that they are even going to Rome in 2024. Despite all the lamentations, there seems to be enough people out there with enough money to keep the economic engine churning. So is it Disney's specific market, young families, that is under pressure? Is it conscious decisions by consumers to choose other types of luxury experiences? Out of wanting to do something new after doing Disney during pandemic? Or because of the quality / value of the product? We've talked for awhile about how Disney's goal of going after the premium market without providing a premium experience would come back to bite them... real Europe is better than fakey Europe and all that, and that was before all the scheduling nonsense. Are those chickens finally coming home to roost?
If it really is that bad, I'd expect we'd have seen a lot more cuts like post 9-11, but coming off of pandemic-era cuts it doesn't seem like Disney thinks that option is open to them, and prices continue to rise. Maybe more indicative that the bigger issue is more on the quality side vs affordability? I guess we'll see based on what Disney plusses and commits to building.
Right?! In my mind 5-8% drops would be cause for a "break in case of emergency" scenario. 15% is incomprehensible. And if Len is right, and Disney didn't push back on that number? 40% increase in per person spending can cover a lot of ills (or ILLsIf they report out a 15% decline in parks attendance that will be really big and much worse than I was thinking. I could see the hotels and restaurants being down like that much but the parks more than ~5% or so would be pretty big, in a bad way - as at 15% even with G+ and stuff hard to make up that total revenue figure
I wouldn’t expect you to say anything differentSo things are somewhere between good and bad?
Naw... they will be fine.
Do they ever report labor cuts to offset?If they report out a 15% decline in parks attendance that will be really big and much worse than I was thinking. I could see the hotels and restaurants being down like that much but the parks more than ~5% or so would be pretty big, in a bad way - as at 15% even with G+ and stuff hard to make up that total revenue figure
Do they ever report labor cuts to offset?
I wouldn’t expect you to say anything different
Bad decisions begets declinesMonotony begets monotony.
Just laid off 7000Do they ever report labor cuts to offset?
The scary part is these declines are just the beginning.
Things are going to get much much worse.
The scary part is these declines are just the beginning.
Things are going to get much much worse.
The scary part is these declines are just the beginning.
Things are going to get much much worse.
Yep. Their attendance decline to this point has been mostly self-inflicted with their decision making. When the economy tanks, as it just about has to, to end inflation pressure, it’ll be more difficult to get those people to ever come back for the ultimate unnecessary expenditure of discretionary income. It could be a really tough time for WDW, more so than for companies that made better decisions.
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