Nobody has said Disney isn’t “fine”
Ive been saying this for awhile and on record. Stock has been struggling for an extremely longggggg time. Iger for some reason had been given a pass by Wall St. in simple terms DIS has s$cked in comparison ive posted numbers before. I dont have bberg handy but trust me on this.
Disney is gonna need it for pending law suitsWouldn't it be cool if they took the millions and millions of dollaras they made selling LLs and poured it directly back into the parks for improvements and and expansions!
I know, I know, what a dreamer I am
The trend of people shifting to "off" times has definitely been going on for 25+ years. I don't think many believe Covid had much impact on that. What it did do was offer an easy out for Disney to reset attendance levels. Combine that, the unpopular changes Disney management have made (main one being prices) and the change in the larger publics travel patterns (more cruising, more local stops, more national parks, etc.) and you get what we have today.
In 2015 the number of available room nights was 10,644,000. A 600k drop in the number of room nights available/year in 9 years, or 1643 rooms no longer available per night every day of the year.
Suffice it to say, overall room occupancy is down from 10 years ago, let alone the peak attendance years.You can argue that spreading crowds was not the best idea…. The really crowded times are still just that and now times that use to be historically dead are no longer.
Correct…and what we have is thinning margins regardless of huge price bumps and the bleed of longtime current and future clientele
Dvc took up about 150 or so of the original dak rooms in 2007/2008…then they built kidaniIn 2015 the number of available room nights was 10,644,000. A 600k drop in the number of room nights available/year in 9 years, or 1643 rooms no longer available per night every day of the year.
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Based on stated occupancy rates, there were more rooms occupied in 2015 than in 2019, and 2024's occupancy rate is well below both. Fewer rooms are being occupied overall. I don't even remember where I was going with this...
Just for grins and giggles, how many rooms were available in 2006?
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So the company added roughly a gross total of 2740 domestic rooms in Iger's first 9 years, and then the Parks division has proceeded to shut down over half of that increase since. Not to mention one of the favorite past times under Iger has been to convert cash rooms to DVC - BLT, Poly, GF, CC, Riviera, the FW cabins... (I don't recall when AKL rooms were converted to DVC). I don't know if or how DVC rooms are factored into the available room numbers, so I'd be curious to know, if someone has information around that.
Yes, Eisner squeezed guests, but he did have a tendency to provide more for the money. Under Bob, it's been - Reduce the offerings and squeeze the lemon harder, we know there's some more juice in there...
That was the case until 2019…what they see now is not even close.
Im curious how many visitors are like me who go annually just to go but still choose other new/different that either stopped doing so or cant afford both now or simply fed up& thats where some of this downtirn is coming from
The “fulcrum” that this all pivoted on is the genie/lightning lane…In my opinion
To use this example & again a small sample size. Just came back from a blended family trip witg my gf & kids 1st time. They had a great time majority bc i did all the bookings etc but would not even entertain coming back in at least 3-4 years. And said the amount of work to do on “vacation” is crazy. The amount of times rideS stopped while on them etc. this is literally the same reaction i get from every 1st timer.
That's a major problem as that's how the parks were built. They need repeat visitors. Which is hard to do if they don't like the first time they visit.
I’ve said for years that I’m thankful my first trip to a Disney park was on a cold rainy DL day in November, I ran all over that park like a little kid in a candy store, still had several waits over 45 minutes but it was just pure fun, it’s where my deep love of the parks, and my hundreds of return trips, began. Had my first trip been one of my far more difficult 2022-2024 trips I’m not sure I’d have ever gone back.
Agreed but sadly these parks imo cant sustain a “full capacity” of people like they use to between less hours lack of entertainment less ride capacity more down time and whatever else ive missed… its not a smart strategy but they seem to be content on charging guests top tier prices bc they are Disney and not worried if they wait 4 years to come back and just keep revolving guests. The parks can be “profitable” BUT the question that needs to be asked is how much was left on table. Its like walking into a casino being up 10k but walking away up 1k. Some can argue both ends of this yea you won but you also left a ton on the table
Oh i think im on record saying just that plenty lol along with the most overrated ceo ever….
I would love to see the real data on repeat visitors. I have heard 70 percent of visitors are repeat visitors? I have no idea if that is true and it would be real interesting to see the data on repeat visitors over time to see if the percentage of repeat visitors is, or is not, going down.
