Sirwalterraleigh
Premium Member
In the old days, the majority of the park's profits came from merchandise and F&B. When the Bass Bros. came aboard, the wanted that cash upfront when the people walked in the gates. As prices went up, people bought less merchandise so those prices went up too. And did the room rates. And food. And now its a cycle. (It might be shocking to know that in 1974, when I worked at Disney, room rates for the Contemporary were the same as the Holiday Inn Maingate!)
I believe the contemporary and poly where $29 a night when they opened...
How much does that CL MK View run you now?...
Caribbean beach was built SPECIFICALLY as a moto lodge...I think about $49 a night there as well in 1988. We are right in the 30th anniversary of the tier system that went into effect with the opening of Caribbean and the Grand...when the poly and contemporary went up $30-$40 overnight to create those tiers.
Now look at Caribbean’s price...interesting huh?
The two excuses: “inflation” and “location based pricing” are complete bull crafted by marketing people who graduated at the bottom of their class at Wharton or Stanford. Not the brightest and the best.
The reality is that Disney has put itself in a scenario where they have to reap handfuls of cash every minute without pause in rollercoaster bubble economies. And they have to do so while needing quantity AND quantity. Quantity of customers spending quantity of cash in every case.
To put it succinctly - and to quote top gun - Iger has wrote checks (to investors) his body can’t cash.
And he’ll quit on a moments notice with no leadership behind. The only guy is a retail guy...anyone notice retail is in full collapse? It’s kinda a “thing” these days.