Disstevefan1
Well-Known Member
It is what it is, and tickets will always go only in one direction, up. Folks can choose to go now or wait till the COVID mode of operation is over.
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Same price - less hours - no after dark magic
- Thread starter Daily Magic
- Start date
NelleBelle
Well-Known Member
Apparently business in not "booming". Disneyland is not open, the overseas parks continue to fluctuate with openings/closures, and the cruise line is suspended, some cruises until Feb. 2022.
https://www.cnbc.com/2021/02/11/coronavirus-hurt-theme-parks-costing-disney-2point6-billion.html
Trackmaster
Well-Known Member
Let's just say "demand for theme parks" is booming. Maybe you haven't gone lately? July and August were great. Its been incredibly incredibly pretty much since October.
BTW, Disney actually IS doing pretty well as a company now. Stock price is actually higher than pre-Covid. One word for you: Disney+
Won't stop them from trying all sorts of crazy stuff to recoup as much of their loss as possible.
They won't say "Streaming is booming, let's not worry about those theme park losses!"
NickMaio
Well-Known Member
Its the WDW way. They would never drop prices, even during this pandemic when so much less is offered.
Dark is our favourite time in all of the parks.
As long as the operating hours are cut so much we won't be going back.
Its crummy.
NickMaio
Well-Known Member
Stock price has absolutely nothing to do with how a company us doing.....financially. sure they can be tied but you can not make a correlation that the stick price us up so they must be doing great.
I bet for their next quarter WDW will post another loss.
Too much is not operating revenue, Disney plus will not be enough.
networkpro
Well-Known Member
- In the Parks
- Yes
The Parks and Experiences division is not doing well with most of its parks closed, so those that are open support those that are not.
Of course they do. But that won't stop Disney from trying to recoup part of the losses from the parks sector.
dmleblanc1971
Member
Disney+ is not part of the Parks division. Just because one park is booming doesn't mean this sector is booming. One park does not make up for them all.
aliceismad
Well-Known Member
When I was looking at the calendar yesterday, I noticed that hours for March have been extended on some nights (most noticeably MK on weekends), but April and May are still showing 6 pm close. I suspect Disney is underpromising and will adjust hours as we get nearer to those months.
D+ is still a loss and will likely be a loss for several more quarters. And hundreds if not thousands of stocks are higher now than pre-Covid for absolutely no reason, so saying Disney stock is higher proves nothing. I’m sure the Bob’s are enjoying the higher stock price, though, that’s all that matters.
We will absolutely not be going back with early closing hours-it is a no brainer for my family-3 generations and 12 people. The Disney wokeness is also keeping us away.
Buck Wheelie
Well-Known Member
Disney lost a lot of money over the last year so they are cutting back everywhere. If you want to continue to visit Disney everyone will need to get used to spending the same or more for less. No ME, EMH, luggage delivery, etc.
Cutting back could have saved more cast members from being laid off. That's not only in Disney.
Buck Wheelie
Well-Known Member
Cutting back can also drive future customers away delaying the rebound in business. I doubt anything Disney has done had anything to do with saving jobs unless its the jobs of the executives.
Have you ever heard of other businesses cutting back on offerings/ expenses/ budgets to spare more layoffs. Disney is not the first and certainly will not be the last.
networkpro
Well-Known Member
- In the Parks
- Yes
The calculus is the same, just the scale changes with size in the P&L statements.
Buck Wheelie
Well-Known Member
Disney laid off thousands of people but most of them were non-skilled labor that are easy to replace. I don't know if you read the post but the point is that Disney has eliminated a lot of services that are important to guests. Prices are not going down so guest have to decide if going to Disney is still worth it. In the end the consumers will vote with their wallet. Disney has always been special for a lot of reason. Some call it magical. If they remove things that make it "magical" will people still come or will WDW be just another park like Six Flags or Cedar Point?
Dad 2 M & M
Well-Known Member
Scarcity might be part of the return in today's new norm.
People did without Disney for a while and had to (past tense) and have to (current) go back. Other products, such as toilet paper, fresh meats, etc.... have went up in price have went up in price, or at least haven't been on those blue light sales for quite some time...
networkpro
Well-Known Member
- In the Parks
- Yes
Your labor classification is quite a bit off. The competition of being a regular cast member is high, that's one of the items that keep the hourly remuneration lower. Each labor market is different. If you've been in a dark box for the past year, there has been a disruption in the supply chains and government-imposed restrictions on what can be open and what can be closed. You need to adjust to present conditions vs what was. If you live in an area where dining is available you would see fewer items on the menus at greater prices as they also are dealing with the new reality.