China has always been an emerging country and many companies not just TWDC risk investing in a country with a billion plus population and the lure of cheap labor to manufacture good and services to world demands.
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Is attendance really down at WDW this or…
- Thread starter coachb
- Start date
Disstevefan1
Well-Known Member
Yes, we need China to make the WDW souvenirs we buy and eventually throw in the landfill.
How many decades are we going to call China (a world power) an emerging country who is allowed to continue to build coal power plants?
Production for others and servicing Entertainment there are major differences.
Communist Countries have and still struggle with tourism.
I
Disney toadie - "Sirs! D23 is coming up and we either have to announce some things that will cost a lot of money or announce blue sky things that if we don't build will cause public outrage and people could cancel vacations and go to Universal instead!"
Bob & Josh:
Bob & Josh:
GhostHost1000
Premium Member
Quick…make a Figment costume and maybe add more to the ball pit in the space mountain queueDisney toadie - "Sirs! D23 is coming up and we either have to announce some things that will cost a lot of money or announce blue sky things that if we don't build will cause public outrage and people could cancel vacations and go to Universal instead!"
Bob & Josh:
JoeCamel
Well-Known Member
Disney toadie - "Sirs! D23 is coming up and we either have to announce some things that will cost a lot of money or announce blue sky things that if we don't build will cause public outrage and people could cancel vacations and go to Universal instead!"
Bob & Josh:
"I know! New popcorn bucket, magnet and cupcake celebration festival party"....
Jrb1979
Well-Known Member
According to the 10-k filing
Reported Domestic Attendance for Fiscal 2023 was 6% higher than Fiscal 2022, hotel occupancy for the fiscal year was 85% vs 82%. Fiscal 2023 also had 23,000 more available room nights than 2022.
According to that attendance was up and rooms were filled. It's too bad they don't split the parks so we will never really know if WDW had a bad year.
Reported Domestic Attendance for Fiscal 2023 was 6% higher than Fiscal 2022, hotel occupancy for the fiscal year was 85% vs 82%. Fiscal 2023 also had 23,000 more available room nights than 2022.
According to that attendance was up and rooms were filled. It's too bad they don't split the parks so we will never really know if WDW had a bad year.
When one has a diversified portfolio of mutual funds, some have emerging markets exposure and fund managers group China in this category even though China has the second biggest economy in the world.
LSLS
Well-Known Member
I mean, we do. They have said multiple times that the drop at WDW was offset by DL.
Jrb1979
Well-Known Member
We don't know how much. My guess is a lot considering during they avoided any questions about WDW.
LSLS
Well-Known Member
True, though we should know a lot more in like 6-7 months when the reports come out. But that said, Len is pretty confident it could be as much as a 15% drop, so until we see some more concrete proof he's wrong, I'm sticking with the assumption of 10-15%.
Nevermore525
Member
A 15% drop at WDW would equate to about a 40% gain at Disneyland based on the reported attendance. That doesn’t seem all that realistic.
networkpro
Well-Known Member
- In the Parks
- Yes
It also has many different long term issues aside from economics. The largest one being population demographics cause mainly by the one child policy.
LSLS
Well-Known Member
True. I honestly have no idea what goes into the numbers they filed, so who knows (cause it is interesting they show those increases when the heads have talked multiple times about WDW being down). I guess we will wait til the AECOM report comes out.
Disstevefan1
Well-Known Member
Oh are you basing this on total domestic attendance of both parks?
I totally agree with you. DLR APs are a fraction now compared to what they were before they cancelled them all in order to restructure the programs.
Nevermore525
Member
Yes based on the 6% rise in attendance YoY across all domestic parks the 4th quarter winds up being around 4-5% above the prior year. If WDW was truly down 15% last quarter DLR would have to be pulling in the range of 40% more guests than the prior year. To my knowledge there hasn’t been much reporting of overcrowding in Disneyland.
Disstevefan1
Well-Known Member
Yea, I cant imagine DLR is up 40 percent, they lost most of their AP population.
I think Disney is probably fudging the numbers.
Is @lentesta calculating the 15 percent down based on counting folks going on attractions, or folks entering the park?
I totally would buy attendance NOT being down at WDW by 15 percent, but the attraction ridership IS DOWN by 15 percent due to the awful Genie+ system; guests just wondering around going into the gift shops and buying food.
Like executives possibly " cooking the books" to qualify for bigger bonuses year end?
wannabeBelle
Well-Known Member
New math?? Marie
Some want to be the smartest guys in the room and try to convince others that they are. Didn't work well for Enron.