GhostHost1000
Premium Member
Wages haven’t kept up with mass inflation. That is one big issue with people vacating to Disney right now
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Is attendance really down at WDW this or…
- Thread starter coachb
- Start date
BrianLo
Well-Known Member
Millennial's are bar none Disney's best demographic going. It's the generation with the first in home penetration of Disney with VHS and the benefits of the animated Renaissance. Without the extreme volume of peak entertainment that we've more recently experienced. This demo also has hit the young families stage, but with some expendable vacation money.
Plus it's a very large cohort.
Its not like this generation is anemic to spending money on vacation. Cruise operators are reporting record increases in millennial guests.
All of which is to say is this should be a very straightforward time for attendance for the company. It will be interesting when Gen Z takes over for Disney Parks spending in 10-15 years.
Ayla
Well-Known Member
Strictly demographically speaking, Gen X has the most buying/spending power right now...but per usual, they are ignored in favor of Millennials.
BrianLo
Well-Known Member
For the moment there is a record number of buyers as well. DVC still remains healthy, for now. But it could very well be the next shoe to drop. Not denying it's not a buyers market though, probably mostly driven by the sudden lack of participation by Disney itself. Volumes of resale buyers and direct buyers are both near record highs.
I actually think it's something just structurally wrong with WDW itself attracting guests. Rather than theme parks (Disneyland, International), vacation spending (Cruises), timeshares as products in general.
WDW halted their investment cycle and they are starting to clearly pay for it. It's not like this wasn't foreseeable. They had every opportunity to buffer their entertainment package on this timescale more than they have.
Jumping Fountains
Active Member
Yes! I mean, I’m glad that other people enjoy it, but I found it really disappointing. For me, it really just felt like “this is it?” I think it needs some kind of minor show-type experience (a curtain revealing a cantina AA band or some simple cast actor things happening every idk 20 min behind the bar) or much cooler decoration/theming, where you spend your time really drinking it in and finding it a cool environment. It’s pre-fab cocktails you stand for and it’s not like in, idk when I was in my 20s and going out in a city and just psyched to stand there and talk to everyone! But sincerely not wanting to offend anyone who really enjoys it!
Sirwalterraleigh
Premium Member
It needs a show…a menu…more space….a character or two people have heard of/give a crap about…
The little stuff
Nubs70
Well-Known Member
Companies are reporting higher earnings due to the devaluation of the Dollar manifestin in the loss of purchasing power. Companies are getting more $ for the same quantity (inflation), same $ for less (shrinkflation), or more $ for less ( igerflation.Dow and Nasdaq forecasted with a higher opening today along with record levels both currently have. My portfolio holdings ( Disney is not one of them ) and 401K are very happy campers along with my real estate holdings that are at record high values. Can one imagine if the economy was doing better?
Wall Street performance is more to do with a reflection of monetary policy than creation of value.
IanDLBZF
Well-Known Member
There’s actually a name for that third one: Skimpflation I believe
Sirwalterraleigh
Premium Member
I call it “the floodgate effect”
I have an AP and go to Orlando about once a month but I’ve cut back the number of times I visit the parks. The wait times are long and instead of adding capacity, Disney likes to redo what’s already there and that’s disappointing. I’m going to Tokyo Disney in the fall to see all the new stuff they added there. I also bought an AP for the first time for Universal and I’m excited for Epic. I don’t anticipate doing much WDW in the near future unless they focus on making the parks more enjoyable with improved wait times and add capacity. Money is not the problem. If they give a quality experience then I’m happy to open my wallet and spend$$$$ and I know I’m not the only one who feels this way.
Companies dealing with rising costs pass onto consumers with rising prices. Disney isn't the only player in this game.
You will be impressed with the cleanliness , guest service of the Tokyo parks. To compare to WDW, there is no comparison in a number of categories such as these.
davis_unoxx
Well-Known Member
JoeCamel
Well-Known Member
Gatlinburg was wall to wall at 10 am today in rainy conditions....
Sirwalterraleigh
Premium Member
Sir, we can agree to disagree but I think this is terribly unfair to R-3X, who has found work as a DJ after Iger eliminated his job.
seabreezept813
Well-Known Member
Last summer they were trying to get people in the parks to go into Ogas. The CMs let me hang out in there with my then 2 year old while waiting for RS at Millenium Falcon. We didn’t buy anything but there was no one in there so they let us escape the heat.
LSLS
Well-Known Member
Man now I'm really interested to go again (if it's walkups). I enjoyed it a lot, but, I stood by myself (it was so dead I didn't have anyone directly to either side of me), and while premade drinks aren't my favorite by any stretch, they were still decent, and the storm troopers wandering through were fun. Also, the bartenders spent a good deal of time talking in character with me (for the 10th time, it was this dead), and it really made the experience fun. I could completely see how if it was super busy that could make it not too great as pretty much everything I listed here is dependent on it not being busy, but if you are ever there during a holiday when it's dead (still weird to say those words), it's worth a visit to me.
davis_unoxx
Well-Known Member
This is unprecedented, don’t even want to know how light the crowds will be week after July 4th at Disney and until end of summer…
My prediction is July 4th will be even quieter than last, whether it’s 85 or 100. Iger wont be able to blame the weather again when Florida keeps breaking tourism records….
Sirwalterraleigh
Premium Member
Well at least ratatouille is broken to maintain authenticity