It's not just discount the resorts under the current conditions prices in the parks are outrageous --$4 bucks for water, $5.75 for a Mickey bar, 6 bucks for a pretzel, parking fees at the resorts the list goes on and on
OKW and SS are over 700 a night for a studio. They would drop the price if they wanted people there. They don’t. As I said in another thread, if your willing to pay those prices they will take you in. Most wont and I think for now as they figure out what the next move is, they are fine with it.
Disney won’t undercut themselves. They won’t discount because they would be admitting to a less of a experience and they can’t do that. Closest you get to that is with free dining or a occasional room discount to get to capacity. Can you imagine them saying come down here for a hundred bucks a night with 50 dollar tickets to get in? Won’t ever happen. That would destroy their brand.
I'm in the pulp and paper industry which is typically more resistant than average. But if you are in the copy paper market, its a bloodbath.I saw total retraction is expected to be 34-36% when announced tomorrow.
And since “analysts” are doing the predictions...it’s probably more like 45%
I would guarentee that DVC guests go for Stormalong Bay not the quiet pool.As long as the attraction is operating, being able to ride everything isn't a problem -- except for RotR. Generally you can ride things multiple times - all thanks (?) to the current low attendance.
I didn't think they had opened the Beach Club yet and had delayed it indefinitely (The DVC there is, but I believe their pool is open).
Even so, I've gone down in July and am going down again in August, but don't see the value in paying the premium for Disney Hotels at their current prices given the current state of things. I'll gladly spend money in the parks on food and "things" but then I'll be going to restaurants outside the parks for dinner if the parks are closing at 6-7p.
Because of pollution...same as china
That’s kinda an important detail.
Stock market is not acting that way
The Fed bought $3,700,000,000,000 worth of securities and junk bonds, while setting interest rates to zero in the last five months.The stock market is like a drunken child. Never any rhyme or reason to the direction it goes.
People in Japan wear face masks anytime they feel like they are sick. They do not wear them every time they go to a theme park at least up until Covid. If I ever felt sick I was never going to go walk around MK but people in Japan do or did with a mask.That's very much an American mentality. Visitors at the Tokyo parks have worn masks for decades, including during summer, without complaining.
It was in the rebuilt industrial japan...it’s not that much of an issue now - but the seeds of that kind of personal hygiene is much more ingrained in the Asian countries than we ever adopted here.uh... no. Not at all. While pollution isn't awesome in Tokyo, it's nowhere near the levels in China or India. In fact, their air quality is ranked just behind that of the US, about middle of the road globally.
People in Japan wear masks because its common courtesy there to protect others from your germs. It's a society that is obsessed with not being a nuisance or burden. While not perfect by any stretch of the means, we could do with taking a few notes out of their book right now.
I believe we are already in that situation. No one here would pay rack rate for a room. Since Disney has pulled all non-AP discounts, there is no way to justify those resort prices. They are charging $180.00 per night night for POP in the middle of this mess. That is not a demand driven price; that is just hubris.
If they want the numbers, they will have to discount the resorts. There is still perceived value in the price of a ticket; especially with the lower crowd levels. But no one from out of state, till risk flying down to Orlando to stay at POP at $180 per night. Drop Deluxe room prices to under $300 per night, moderates under $200 and POP under $100, you will see attendance rise.
The stock market is like a drunken child. Never any rhyme or reason to the direction it goes.
I respect a lot of the people and their insights on this thread, but the teetering on bankruptcy thing is what's losing me.
Disney's financials are public. They've raised a ton of cash, enough cash to last over a year with virtually no revenue coming in and longer with revenue. Each debt raise they did was filled quite quickly... they've had no issues or resistance raising the cash they've needed. All at quite respectful terms. If they were to raise another $10B+ it looks like they'd have minimal issue doing so.
What am I missing here?
So hopped up on steroids...is what you’re saying?I work in the stock market industry. The reasons are there, but they are usually either something the average person has little to no knowledge/understanding of, doesn't think about, or isn't thinking about yet.
Fed money printing and asset purchases, amateur Robinhood "investors", an expected quick economic recovery along with a handful of major stocks like Amazon have pumped the market to where it is now.
I didn’t even catch that line. In context, I suspect he’s using it as a figure of speech. Right now, the company says Disney+ won’t be profitable until 2023, and analysts claim the overall company won’t be profitable until 2025 or even 2028. Maybe he’s alluding to the fact they’re living off debt right now.I respect a lot of the people and their insights on this thread, but the teetering on bankruptcy thing is what's losing me.
Disney's financials are public. They've raised a ton of cash, enough cash to last over a year with virtually no revenue coming in and longer with revenue. Each debt raise they did was filled quite quickly... they've had no issues or resistance raising the cash they've needed. All at quite respectful terms. If they were to raise another $10B+ it looks like they'd see minimal resistance.
What am I missing here?
I feel exactly the same way. I enjoyed my last trip overall, but have honestly not been in a hurry to go back because I felt price gouged every step of the way and hate the amount of planning visiting the parks now involves. And heaven help you if waking up at 6 or 7am everyday and marching onto crowded busses doesn't sound like much of a vacation to you!The average salary in my office is probably $250k or more. Out of about 30 people, I’m the only one who sees value in visiting Disney parks. The general office consensus says it’s overpriced, with noticeably poorer quality over the last few years. The major complaint about FP+ and the DDP: “I work hard every day. Why would I want to go on a vacation that requires even more scheduling?”
Register on WDWMAGIC. This sidebar will go away, and you'll see fewer ads.