John park hopper
Well-Known Member
Disney's nickel and diming is catching up to them. Keep raising prices and your profits will continue to go down, people will go elsewhere.
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Prices up…profits down…
- Thread starter Sirwalterraleigh
- Start date
Can you please pass the Grey Poupon?
Disneylover69
Active Member
Not just that but they close animal kingdom at 6pm……. For the animals, but then in the past had it open later and have it open for deluxe guests. For the Disney dining plan they don’t include tips which is a huge disservice and reduction in the plan. They also keep cutting what is included for arbitrary reasons. They also don’t hold themselves to a consistency in things and just say “it’s a surprise” when asked for things. Those holiday parties are also huge money grabs
Nevermore525
Well-Known Member
Pretty simply the International Parks (Paris/Shanghai/Hong Kong) had a bad quarter. Revenue down 5% and Income down 32% from the previous year. Paris Olympics were a deterrent for attendance there.
Disney's Theme Park Division Reports Lowest Profit In Two Years
Earlier this month Disney announced sparkling results. However, buried at the bottom of the key points on its earnings report was the news a dark cloud hangs over its theme parks.www.forbes.com
Can someone please explain to me how this can be? (Use small words)
Chi84
Premium Member
So did the entire city of Chicago and its surrounding suburbs.
Shanghai and Hong Kong aren’t accounted in the same basket
And you missed the point…the article was written by Forbes…it’s not about international
If you want to read fortune…they did some nonsense counter puff piece about how exercising at 4 am is “integral to successful Disney management”
…I wish I was making that up
…anything less…would be uncivilized
John park hopper
Well-Known Member
There was a news article Disney is going less WOKE hurting their bottom line
…all evidence to the contrary
Nevermore525
Well-Known Member
I read the Forbes article. It mentions the Experiences segment being down, which includes the Domestic Parks, International Parks, and the Consumer products divisions. Since it mentions the quarterly OI as $1.7B it includes all of those segments.
Domestic parks for this most recent quarter were up 5% in revenue and 5% in operating income ($847M) from the previous year.
Profits aren’t made off a few with prebooked fast passes and after hours tickets
It’s made off volume.
I feel like I’ve mentioned this a few (thousand) times…
Parks are mass destinations and constructed and operated in that model. You can’t flip a switch…as the dictator is learning
Up from what? 2019?
Or 2023 which was a huge drop year?
The goal post matters
Oh I reread…yeah 2023 “not so good”
What everyone (without dust) seems to know…including Wall Street…is that there’s a leak in that ship.
Disney is lucky its box office is rebounding…it draws heat away from all their overextended segments.
And Bob can announce his next extension on 12/24 at 5:01 EST
Nevermore525
Well-Known Member
Up from 2023 as it’s usually reported.
Comparing 2024 to 2019 operating income is up 16% from 2019 comparing the same quarter for the domestic parks.
donaldtoo
Well-Known Member
We must not be from the aristocracy. Darn…I had always hoped we were, based on our first 5 weeklong WDW family trips…?!
Those were in ‘01, ‘04, ‘07, ‘12 and ‘13. Again, those were all weeklong trips with 6-day park hoppers for all.
The last 3 family trips we took (DWifey and I also took a 20th wedding anniversary trip in ‘08, and oldest DD, SonIL, youngest granddaughter - only granddaughter at the time - and myself flew in to visit MK for 1 day in Oct. of 2019) were in ‘16, ‘23 and this year.
The family trip in ‘16 was for 4 days with only 2 park days, the one in ‘23 was for 5 days with only 2 park days and the one this year was 6 days with only 3 park days.
Our income has definitely gone up over all those years, but it definitely hasn’t kept up with “Disflation”.
Also, we have no plans to return in the near future.
We have our sights set on Europe and more (non-Disney) cruising.
Chi84
Premium Member
If Disney changed half as much in practice as it does in people’s minds it would be an entirely new company every few months.
Nevermore525
Well-Known Member
Even with their theatrical revenue from Deadpool and Wolverine and Inside Out 2 they made less at the box office in fiscal 24 vs fiscal 23.
Yeah. But I don’t gotta pay $500 (for a family of four) for admission and the privilege of walking down Michigan Ave just to get overpriced food.
That’s why I go to the Billy Goat. “Cheezburga. Cheezburga. No Coke. Pepsi.”
Club Cooloholic
Well-Known Member
Thanksgiving was really the only week that worked for us with our own jobs, kids school this year. The crowds weren't oppressive. Two things that have gotten out of hand...IMO. Dining prices at sit down restaurants. And Snack things like Micky Bars. I actually think quick service is priced pretty fairly, especially as far as amusement parks go. As another person mentioned, we are far less at sit down venues this trip, some to compensate for paying for things like Genie and also just keep from having such a time drain.
All that said, I don't see things getting much better for Disney parks in the near future. Some of the projects do sound exciting, but draining the river and all the construction is going to be a years long eyesore. I really wish they had just considered opening a new gate.
TalkToEthan
Well-Known Member
Agreed!!!……that’s why I pre buy matching old stock hideous wrong sized Disney shirts from makeshift vendors off the beaten 192 path. Only $37.50 after tax for the 4 of us
……walk around Disney Springs and instead of getting lunch at Boat House I pack bologna on white bread to pass out to Wife and kids
…….hang out in resort lobbies pretending to be registered guests and watch the recycled movies with our plastic Mickey mugs filled with 2 liter Walmart Coke Zero. And if we time it right we’ll be able to see some fireworks from across the 7 seas lagoon
……..ride the buses and monorails around WDW as if we’re getting off at the parks only to stay on to find our way back to Dis Springs parking garage
Ahhhhhhh what great times down at WDW!!!!!!——can’t wait for my next trip where we plan to splurge on a caramel apple at Candy Cauldron and pass it around for a real feast.
Chi84
Premium Member
They have to find the right balance, though. If you eliminate pre-booked rides and after hours events, you not only lose the money but possibly the people who favor them.