At least as it concerns WDW hotels, Disney
doesn't want more people to come.
In the last full quarter before COVID hit, domestic hotel occupancy was at an incredible
92%.
Here's what Jay Rasulo, former Disney CFO, had to say about hotel occupancy in 2015:
You know, Michael, I think hoteliers in general will tell you that to try to fill a hotel beyond 89%, 90%, 91% is extremely difficult because to go beyond that, it takes too many matchups of people who are staying three nights, checking out; replaced by five nights; replaced -- in rapid succession. It becomes quite difficult.
So I think that you are right -- that when you see occupancy in that kind of range, you are getting close to pretty much a full house.
From Disney's perspective, the hotels are full. In fact, they are more than full. Guests are being turned away because no rooms are available.
Disney either can spend a lot of capex to build more hotels, which takes a long time to recover this investment, or Disney can eliminate expensive onsite benefits and pocket the cash
right now.
It's ugly but true - Disney cares more about its bottom line than its Guests.