Jrb1979
Well-Known Member
Their invincible. Am I right?
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Is attendance really down at WDW this or…
- Thread starter coachb
- Start date
GhostHost1000
Premium Member
There were people in front of me to get in the gates. The parks are crowded! lol
Disstevefan1
Well-Known Member
YES!
Disstevefan1
Well-Known Member
I don't believe them, but I agree with you, this pic could have been taken 30 years ago. MK is/was./will always be, over crowded.
If this represents attendance being down, its not down enough.
But when EPIC opens...... It may be.
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el_super
Well-Known Member
They don't care about attendance drops, if the money is still coming in.
I doubt that DLR or DCL would be able to overcome any major deficiencies at WDW, so if WDW attendance is down, it's only down by some small amount and the increases in revenue are offsetting attendance decreases. That was probably planned (per Iger's statements in 2019).
GhostHost1000
Premium Member
they definitely care about attendance drops, because it's a forecasted trend that isn't positive regardless of how much they try to charge to make up for it. At some point, that won't work.
el_super
Well-Known Member
If they cared, they would be taking more action to correct it. They're not. They don't have to.
GhostHost1000
Premium Member
like all the discounts we're seeing?
GhostHost1000
Premium Member
Usually when you start seeing Disney Visa and Disney+ member discounts, you know they are trying anythingDiscounts? There are no discounts. Attendance is fine!
Another good indicator was the "stay longer, pay less" discount... that's telling too
not to mention some of the discounts being higher than we've seen on some dates
Disstevefan1
Well-Known Member
I am glad you had a good experience, but the MK is always mobbed no matter what the numbers allegedly say since Disney does not share the numbers anyway.
"Mobbed" is perception, and many things can be done to alter that perception and make things feel crowded. It wasn't mobbed when I was there. Nothing was more than a 45 minute wait the entire day, except for Peter Pan and 7DMT, which both never got to more than 65 minutes. And that was a Saturday.
el_super
Well-Known Member
Seems like there is still some debate on whether they are within the norms or not. Discounting isn't all that unusual.
LSLS
Well-Known Member
The money did drop a WDW. From the Q1 Report:
"A decrease at Walt Disney World Resort reflecting a modest decrease in revenues and higher costs. These impacts were due to:"
GhostHost1000
Premium Member
With so many rooms remaining available with these discounts that tells me they allocated a lot more rooms than usual at those discounted levels, or many just aren’t booking regardless
I mean, there have only been 8 different discounts for 2024, plus the return of bouncebacks and PIN codes. Everything is great! I'm sure Bob has personally reassured several posters around here of that fact while giving them a private tour of his office.
Sirwalterraleigh
Premium Member
We got some slow learners here…
They are ADMITTING drops in wdw attendance during quarterly calls.
That should be enough…but you gotta be really dense in the skull if you also disregard the travel pros here who are reporting the depth of the booking problem…because they make LESS MONEY when bookings are bad.
Do better…try harder
They are ADMITTING drops in wdw attendance during quarterly calls.
That should be enough…but you gotta be really dense in the skull if you also disregard the travel pros here who are reporting the depth of the booking problem…because they make LESS MONEY when bookings are bad.
Do better…try harder
BrianLo
Well-Known Member
These are year on year results. Seasonality doesn’t matter. Though they get a bonus day this quarter.
It is down. That’s what the poor comp to the 50th means in code. I’m kind of curious where a double digit revenue bump is coming from. Are tickets and genie sales that bumping year on year?
Exactly! That’s why I shoved the comments in this thread. And in spite of that there is still a jump in revenue. It’s puzzling.
LSLS
Well-Known Member
They actually admitted revenue drop as well which is unheard of in recent times. Even when they would say "Small attendance drops" it was always followed by "but increase in guest spending led to record revenues."
As someone who admittedly knows little on finance, based on Q1 being down, is it possible the reason for the accelerated deprecation of the cruiser last year was a built in excuse for revenue drop, and it let them drop a lot so it looks like a rebound this year? Or would the accelerated deprecation be something all companies do when they cut a bleeding product?
el_super
Well-Known Member
"a modest amount"
The broader point being that revenue increases overall, could still be compensating for the decreases in attendance. If attendance was down 20% but revenue was down 1%, it wouldn't be all that concerning to them (because people are spending more). Q1 revenue was down (compared to Q1 from FY23 due to the 50th anniversary), but overall they are still making buckets more money than they had before 2019.
So are the discounts working or not? How are they able to rake in so much more revenue if WDW is crashing like a stone?
Are we living in some weird paradox where WDW is both failing but still making tons of money?
Or are you going to suggest that WDW just isn't all that important to Disney's bottom line, and whatever massive failures are occurring there are easily made up by the cruise line?
Both things can't be true... can they?