Is attendance really down at WDW this or…

[Nubs70]

Revenue isn't at some point where it's trying to maintain stability: it's literally the highest it has ever been for the parks division. They keep raising prices and it keeps paying off for them. There is a point here in this argument where the bias really shows through: to believe that they are able to raise prices to counter attendance forces the realization that people are still readily willing and able to pay those increased prices for the experience. Demand is still pretty high

You can't have new rides without new revenue.

Net Revenue or Gross Revenue?

 

[Sirwalterraleigh]

I’ve yet to spot any frequent poster who matches this description.

It undermines your argument if you overly exaggerate your “opponent”.

…you serious, Clark?

There are people that argue daily…including likely Today…

That attendance isn’t down even though there’s data from Disney to support it.

Or that their movies haven’t been failing…Even though Disney has to release data to account for it.

It’s nuts. Disney “adults” are often not really adults…it’s fantasy influenced immaturity

 

[Sirwalterraleigh]

I see the fool is awake today?

 

[Sirwalterraleigh]

Yep…sure fire way to peg “pivoting back to growth” is watching prices to be continually raised as business continues to fall…

Yep…4th dimension Stanford type $&@! Going down there

 

[John park hopper]

Disney stock watch 90.20 will it break 90 and into the 80's Bob better do something he is loosing a lot of money. Welfare is just around the corner Bob(sarcasm)

 

[erasure fan1]

The level of investment you will see at d23 though is only possible due to those increased prices and the continued demonstration of high demand for the product.

You can't have new rides without new revenue.

So what would be the reason the parks went stagnant for decades? All we received were some retheme/switch outs. All during a time of huge attendance and profits. By your statement we should have seen significant capacity increases by now. But it was close something to build something or retheme. All while diminishing the overall product. If D23 doesn't gove us concrete projects with time frames to open, and shovels in the ground dates, it will be an absolute embarrassment for the company in my opinion.

 

[John park hopper]

Shovel ready construction (d-23) projects now where have I heard that before

 

[Vegas Disney Fan]

So what would be the reason the parks went stagnant for decades? All we received were some retheme/switch outs. All during a time of huge attendance and profits. By your statement we should have seen significant capacity increases by now. But it was close something to build something or retheme. All while diminishing the overall product. If D23 doesn't gove us concrete projects with time frames to open, and shovels in the ground dates, it will be an absolute embarrassment for the company in my opinion.

Disney has a huge credibility problem right now, even if they announce a dozen new things at D23 how many will actually be built? They have cancelled so many projects over the last decade they have become the boy who cried wolf.

I’m excited to see “plans” at D23 but I‘m keeping my expectations extremely low because I don’t expect 90% of the announcements to ever be built.

 

[erasure fan1]

Shovel ready construction (d-23) projects now where have I heard that before

I'm not sure we have at D23, at least not for a long time. It's been all, imagine this blue sky project that we sort of thought about that we figured everyone would eat up but we have no real plans to do. And if we get called our we can just say it was ideas. At least if they give start and completion dates, we have something to take them to task for. Not that it's any guarantee with this company.

 

[Grimley1968]

So what would be the reason the parks went stagnant for decades? All we received were some retheme/switch outs. All during a time of huge attendance and profits. By your statement we should have seen significant capacity increases by now. But it was close something to build something or retheme. All while diminishing the overall product. If D23 doesn't gove us concrete projects with time frames to open, and shovels in the ground dates, it will be an absolute embarrassment for the company in my opinion.

It'll be tough to accomplish what they didn't for all this time with those attendance and profit numbers with less of both in at least the near term future. It was a huge missed opportunity for them to ensure dominance in that industry for decades to come, while spending billions on rethemes and line throttling.

 

[John park hopper]

Disney stock 90.10

Just googled WDW projects proposed and never built quit an impressive list

 

[erasure fan1]

It'll be tough to accomplish what they didn't for all this time with those attendance and profit numbers with less of both in at least the near term future. It was a huge missed opportunity for them to ensure dominance in that industry for decades to come, while spending billions on rethemes and line throttling.

Exactly. And I can see them using that as the excuse to not go forward with what's needed. Well unfortunately we have to scale back in the wake of diminished attendance and profits. There's no way they will actually build a quarter of what WDW needs. There's just way too much to do.

Disney has a huge credibility problem right now, even if they announce a dozen new things at D23 how many will actually be built?

No doubt. Last D23 broke a lot of fans spirit, mine included. I don't think too many people will be happy until they see the projects up and running. I know I will be happy to eat crow if they actually do something they say. Until I'm actually experiencing the thing they say, it's all just a bunch of saying what people want to hear. I'll believe it when I see it.

 

[Tha Realest]

I do wonder how the market’s reactions to purported lower attendance will temper what we hear at D23 in a few weeks. I seem to recall the market not reacting well to more recent announcements of big parks investments.

Disney Stock Is Sliding Tuesday: What's Going On? - Walt Disney (NYSE:DIS)

Walt Disney Co (NYSE:DIS) shares are moving lower, in possible sympathy with shares of Comcast Corp (NASDAQ:CMCSA), which fell after the company reported declines in Studio and Theme Parks revenue.

www.benzinga.com

 

[Saskdw]

I think price only factors into the value equation, Disney has raised prices every year for decades and attendance continuously went up…it wasn’t until they took away perks, started nickel and diming us to death, AND continued raising prices that attendance started to fall.

The high price isn’t the problem, it’s that the parks have been mismanaged so poorly they no longer justify paying that high price.

This is exactly the problem.
When you are offering a product that is industry leading and in high demand you can command top of industry pricing.
When your product is middle of the pack at best.....well....then you get a thread like this on WDW Magic and your sales hit embarrassing levels.

 

[Saskdw]

I wonder if prices were where they are now BUT quality was back to pre Covid, magical express still existed, park hours were longer, and FP+ was still included for free with no paid LL or ILLs, if they’d be seeing as much attendance drop?

IMO no.
They might not be packed to capacity, but they would be at a manageable level.

 

[John park hopper]

Disney stock 90.01

Well folks it broke 90
89. 95

 

[GhostHost1000]

Disney stock 90.01

 

[MisterPenguin]

Comcast stock: $38

 

[el_super]

So what would be the reason the parks went stagnant for decades? All we received were some retheme/switch outs. All during a time of huge attendance and profits.

They kept pricing low because they were chasing a volume business. Cram as many people in as possible and if you can't fill it, sell discount annual passes and keep filling it.

Attendance gains and records in the last half of the 2010s were due to pricing strategy. Unless someone honestly wants to argue that MK hit 20 million guests a year, on the strength of New Fantasyland and Monsters Inc Laugh Floor.

 

[Disstevefan1]