Rumor Rumor: No Payment Plans for Florida Residents APs.

[DisneyGlennB]

Hopefully this is a rumor. My wife read it on a Disney Facebook group. Can't remember which group. Taking away the monthly payment plan for Florida resident's annual passes would be amazingly awful for many families. I pay for 3 annual passes and know may who pay for 5 family members. We need the monthly option. As a person who moved to Florida and gave up a lot to do it, it would be tragic.

 

[Rodan75]

This seems surprising. The monthly recurring revenue from this is an easy win.

Unless they are trying to minimize Florida Res passes.

 

[Nubs70]

 

[Travel Junkie]

This has been the rumor for years in California as a way to decrease the AP population. I don't think they do as they don't want to give up the money.

 

[Kman101]

I don't think they view it as a problem like DL might/does.

Maybe it could eventually be "well if you have monthly payments you can continue them (of course as long as you upgrade each year on time) but we aren't offering them for new plans right now"

 

[drizgirl]

First world problems.

If you can't get APs without the payment plan, you aren't in the new Disney target market anyway.

 

[Kman101]

There's been rumblings on the typical blogger sites about Disneyland looking at changing up it's AP system or something. It's probably about DL. I don't think WDW is at the point where they consider monthly payments a problem.

 

[Bacon]

Fake

 

[Lets Respect]

Visitors manage to buy their packages without payment plans
It will just take a little bit of extra planning

 

[Lets Respect]

I don't see the big deal with stopping the payment plan. You can put money aside every month into a sinking fund and then it will be there when you renew.

 

[CJR]

If you have American Express, you can just "Plan It" and have a payment plan anyway. Unless AMEX starts charging interest on their "Plan It" feature, it won't make a difference to us.

 

[WDW862]

"A Disney Facebook group" is not a valid source.

 

[draybook]

"A Disney Facebook group" is not a valid source.

Unless it's called Martin's Minions.

 

[ford91exploder]

This seems surprising. The monthly recurring revenue from this is an easy win.

Unless they are trying to minimize Florida Res passes.

It's all about revenue recognition without monthly billing the revenue for the AP is recognized fully as soon as the sale is complete. With monthly billing the revenue for the sale is recognized over 12 months and in many cases 2 fiscal years. There is a minor cost savings here as well

Once again this is about financial engineering to make WDW's numbers look better.

As to FL residents who depended on this to make their AP's work well Disney is done with you TDO thinks they don't need you anymore so Disney is doing the latest B-school thing 'Firing less profitable customers' yes it's a thing google it.

Just another reason I'm glad I'm a critic and no longer giving Disney money.

Meanwhile UNI does monthly AP payments for anyone willing to pay not just FL residents. Who wants your repeat Business hint it's not Disney

 

[s8film40]

It's all about revenue recognition without monthly billing the revenue for the AP is recognized fully as soon as the sale is complete. With monthly billing the revenue for the sale is recognized over 12 months and in many cases 2 fiscal years. There is a minor cost savings here as well

Once again this is about financial engineering to make WDW's numbers look better.

As to FL residents who depended on this to make their AP's work well Disney is done with you TDO thinks they don't need you anymore so Disney is doing the latest B-school thing 'Firing less profitable customers' yes it's a thing google it.

Just another reason I'm glad I'm a critic and no longer giving Disney money.

Meanwhile UNI does monthly AP payments for anyone willing to pay not just FL residents. Who wants your repeat Business hint it's not Disney

I don't know exactly how the financial side of this works, but it seems to me they recognize the full amount as revenue up front. All of the paperwork refers to the program as a loan. In any case with people buying these throughout the year since it's not like everyone has to buy them all in the same month it would all balance out to be pretty much the same either way. In other words if everything averages out then theoretically amongst 12 guest they would lose 11 monthly payments each month and gain one full payment.

I don't think there's any chance of this happening, but I kind of secretly hope they do as this would be the final straw for me with the price of the passes going up and the quality going down it's just not a fun place to go to anymore.

 

[The_Bellringer]

I believe this must be talking about Disneyland.

Disneyland has overcrowding issues and is much smaller than WDW, and unlike WDW the bulk of their attendance comes from AP holders. It's been rumored for a long time that Disneyland might axe the payment plan and the lowest SoCal AP pass in order to cut the least-profitable AP tier that adds to the park congestion.

WDW gets the bulk of their attendance from vacationers, so I don't see them doing this for Florida residents.

 

[DisneyOutsider]

It's all about revenue recognition without monthly billing the revenue for the AP is recognized fully as soon as the sale is complete. With monthly billing the revenue for the sale is recognized over 12 months and in many cases 2 fiscal years. There is a minor cost savings here as well

Once again this is about financial engineering to make WDW's numbers look better.

SWING and a miss (again)...

But seriously, you have zero clue what you're actually talking about. You're way out of your depth here, yet you spew this stuff so confidently... but your reputation precedes you, which means you're probably just giving intentional misinformation again.

 

[mikejs78]

It's all about revenue recognition without monthly billing the revenue for the AP is recognized fully as soon as the sale is complete. With monthly billing the revenue for the sale is recognized over 12 months and in many cases 2 fiscal years. There is a minor cost savings here as well

Once again this is about financial engineering to make WDW's numbers look better.

As to FL residents who depended on this to make their AP's work well Disney is done with you TDO thinks they don't need you anymore so Disney is doing the latest B-school thing 'Firing less profitable customers' yes it's a thing google it.

Just another reason I'm glad I'm a critic and no longer giving Disney money.

Meanwhile UNI does monthly AP payments for anyone willing to pay not just FL residents. Who wants your repeat Business hint it's not Disney

Apparently you don't understand how revenue is recognized. This would have zero to do with revenue recognition. If this were a financial decision, it would indicate that they were thinking about cash flow, not revenue recognition.

 

[DisneyOutsider]

Apparently you don't understand how revenue is recognized.

Bit of an understatement there.

 

[mikejs78]

Bit of an understatement there.

I'm being kind.