Is attendance really down at WDW this or…

[Sirwalterraleigh]

Based on Touringplans data, it looks to me like crowds have recovered this fall compared to previous falls (based on crowd levels). I hate to give credit to anything Iger is saying, but he may be on to something with the weather. Climate change has basically made Florida completely unbearable in the summer (especially between the hours of 10 and 4). I think we will continue to see summer crowds diminish, but other times of the year seem fine.

Crowds have been shifting for years…that still doesn’t explain empty hotel rooms and massive promos/discounts.

And that doesn’t even cover the outside economy…which is a gigantic building problem
For Disney parks.

 

[JD80]

I still don't think there are massive promos and discounts. At most maybe 5% more off hotel rooms? Then the "cheaper" version of free dining next year.

The difference is the promos have more inventory, have been announced earlier and for many more dates.

 

[Jrb1979]

I still don't think there are massive promos and discounts. At most maybe 5% more off hotel rooms? Then the "cheaper" version of free dining next year.

The difference is the promos have more inventory, have been announced earlier and for many more dates.

It's probably just the first lever. They don't go all out with discounts and promos if they can get by with the minimum with more dates. I'm sure as we get closer to spring if things aren't better they will add more discounts and promos.

 

[Sirwalterraleigh]

I still don't think there are massive promos and discounts. At most maybe 5% more off hotel rooms? Then the "cheaper" version of free dining next year.

The difference is the promos have more inventory, have been announced earlier and for many more dates.

The advertised discounts are a little above standard…kohls pricing minus 25-35%…
But they are widespread

Travel agent discounts are much deeper. I said on one thread I booked a relative with a TA two weeks ago for 12/27-1/2 for 46% off…as in the “busiest week of the year”…as in 2 months from now…you do the math. And it was everything from PoP to Poly…open road.

Local ticket discounts are more significant…those are more “recession” levers. Watch those and see if they increase?

Dvc is running - quietly - some pretty big cuts…they ain’t selling.


But you want the real damning part? In the TA world…Walt disney travel company/wholesale/CRO - whatever you want to call it - told their clients that discounts were a thing of the past in 2017, 2018, etc.

Because of a moronic management “philosophy”…and now they’re in basically recession mode…without the recession. First time ever - by the way.

 

[Jrb1979]

That's a quote from a couple of weeks ago from Dreams Unlimited.


"the numbers at WDW are looking bleaker than ever (relatively speaking) with sales (discounts) that are "unheard of" according to John Magi being offered, including steep ticket discounts. These discounts include the Christmas season, and are being offered though much of 2024 already. "

 

[GhostHost1000]

That's a quote from a couple of weeks ago from Dreams Unlimited.


"the numbers at WDW are looking bleaker than ever (relatively speaking) with sales (discounts) that are "unheard of" according to John Magi being offered, including steep ticket discounts. These discounts include the Christmas season, and are being offered though much of 2024 already. "

That is accurate

…yet everything is fine according to some

 

[willtravel]

That's a quote from a couple of weeks ago from Dreams Unlimited.


"the numbers at WDW are looking bleaker than ever (relatively speaking) with sales (discounts) that are "unheard of" according to John Magi being offered, including steep ticket discounts. These discounts include the Christmas season, and are being offered though much of 2024 already. "

"unheard of" that made me chuckle.

 

[TheMaxRebo]

"unheard of" that made me chuckle.

Well, he owns a travel agency so wants to get people excited to book and to book now

But elements (duration, time of year) are definitely atypical

 

[networkpro]

Well, he owns a travel agency so wants to get people excited to book and to book now

But elements (duration, time of year) are definitely atypical

Just for the past few years. 2008-10 they were frequent.

 

[TheMaxRebo]

Just for the past few years. 2008-10 they were frequent.

sure, but we know why they had to do them then ... which maybe similar factors are at play now, but otherwise it is first time in a while for normal financial times

 

[networkpro]

sure, but we know why they had to do them then ... which maybe similar factors are at play now, but otherwise it is first time in a while for normal financial times

I would disagree with this being normal financial times. The money supply was increased by $2.3 trillion without any economic output increase.

 

[TheMaxRebo]

I would disagree with this being normal financial times. The money supply was increased by $2.3 trillion without any economic output increase.

Right, which is why I said "maybe similar factors at play now"

 

[Bullseye1967]

Did anyone posted this yet about Comcast quarterly report?

Comcast Reports 3rd Quarter 2023 Results | Comcast Corporation

The Investor Relations website contains information about Comcast Corporation's business for stockholders, potential investors, and financial analysts.

www.cmcsa.com

Content & Experiences

	($ in millions)
		3rd Quarter
		2023			20225			Change
	Content & Experiences Revenue
	Media	$6,029			$6,005			0.4	%
	Studios	2,518			3,296			(23.6	%)
	Theme Parks	2,418			2,064			17.2	%
	Headquarters & Other	13			22			(39.5	%)
	Eliminations	(419	)		(909	)		53.8	%
	Total Content & Experiences Revenue	$10,559			$10,477			0.8	%
	Content & Experiences Adjusted EBITDA
	Media	$723			$679			6.5	%
	Studios	429			551			(22.2	%)
	Theme Parks	983			819			20.0	%
	Headquarters & Other	(178	)		(199	)		10.7	%
	Eliminations	17			(59	)		NM
	Total Content & Experiences Adjusted EBITDA	$1,973			$1,791			10.2	%

 

[Sirwalterraleigh]

"unheard of" that made me chuckle.

Well…the unheard of part is because it used to not take that much…

Because of better value.

 

[Trauma]

It doesn’t matter what lentesta says.

It doesn’t matter what travel agents say.

Don’t even believe what Disney themselves are telling you with the discounts.

Someone went to the parks last week and they seemed crowded.

Fluctuations is attendance were due to global warming.

Everything is fine.

Move along.

 

[JD80]

That's a quote from a couple of weeks ago from Dreams Unlimited.


"the numbers at WDW are looking bleaker than ever (relatively speaking) with sales (discounts) that are "unheard of" according to John Magi being offered, including steep ticket discounts. These discounts include the Christmas season, and are being offered though much of 2024 already. "

What discounts are unheard of? What steep ticket discounts? The only ticket discount is the children discount next year that forces you to buy the Dining Plan.

 

[Jrb1979]

What discounts are unheard of? What steep ticket discounts? The only ticket discount is the children discount next year that forces you to buy the Dining Plan.

Like the ones @Sirwalterraleigh posted earlier. Travel agents get much steeper ones that you and I don't get. Getting 46% off rooms during Christmas is unheard of

 

[JD80]

Like the ones @Sirwalterraleigh posted earlier. Travel agents get much steeper ones that you and I don't get. Getting 46% off rooms during Christmas is unheard of

Why even mention TA only discounts? They are for TA's only.

 

[Fido Chuckwagon]

It doesn’t matter what lentesta says.

I’d love for @lentesta to comment because the touringplans crowd levels for October look pretty similar to previous October’s to me.

 

[networkpro]

Did anyone posted this yet about Comcast quarterly report?

In a nutshell of the "other" Comcast stuff: Paramount Plus only lost $545 million this quarter, Cord cutting for their bread and butter cable business continues to contract with half a million subscribers lost combined with the previous quarters is a net 12% reduction in paying customers.