Disney's domestic theme park attendance numbers are down thanks to Disneyland.
According to Disney's 4th quarter report that just came out, both attendance and guest spending at WDW is up, but the same could not be said for Disneyland.
On an unrelated note, Southwest Airlines ticket prices continue to drop for late November and early December. We originally paid $216 per round trip ticket, and I have changed the reservations four times now (maintaining the same dates and times), making the tickets only $144 per round trip. I know that's not a direct indicator of Disney bookings for Christmas, but some of that drop (I would assume) is related.
The mouse never loses!I agree with what you say and we have no numbers to look at, I just think even with 50% of callers showing up, Disney could potentially make up that 10% drop in attendance.
They actually lose money on people like me--I was going on my honeymoon regardless and had already booked, so I just called them up and will now save $430, which is nice.
As for airfares, I know ticket sales are down, but there would also be a bit of outrage from the public if fares didn't drop since oil costs less than half of what it did in July. Still waiting for the checked bag fees to be dropped...I could be waiting a long time. Sigh.
...after all the existing ressie holders call back and get the discount.
I was thinking about this last night when people were discussing Disney already selling out of Pop Century for many dates, and was hoping someone would bring this up.
I think you're right to an extent, but also consider this:
1) While Disney may be getting slammed right now, it was just announced, so I imagine there will be a huge drop off in the coming days.
2) How many of those people booked once they found out the values were no longer available? In looking at some posts on Slick Deals, a lot of people did not book once they heard a price.
3) How many of these people will cancel their reservations once they realize their circumstances don't allow the trip.
4) What is the availability of the more expensive resorts. I'd hazard a guess that some people who would normally book a higher level of resort are scaling back.
Basically, I'm asking how many people who called last night will actually end up in WDW during the deal. My bet would be around 50% or less. Also, how many rooms, overall, are still available? I think deeper discounts are on the way. My guess is the reason they didn't announce a deal for June - November yet is because they're taking a wait-and-see approach. I would be surprised if the June - November (or whenever) deal beats this.
On an unrelated note, Southwest Airlines ticket prices continue to drop for late November and early December. We originally paid $216 per round trip ticket, and I have changed the reservations four times now (maintaining the same dates and times), making the tickets only $144 per round trip. I know that's not a direct indicator of Disney bookings for Christmas, but some of that drop (I would assume) is related.
"consumers may be taking "a wait and see approach" to booking vacations next year"
Translation: "HOLY CRAP we're screwed in 2009 unless the phones start ringing!!!!! Here, have 3 free nights. Oh, and here's and extra $200 also."
I think you all are very correct.I can tell you that I work for a Fourtune 500 company in the Northeast and we hear these kind of slick, double ended, rah-rah pep talks Just before people start losing jobs. The ceo's an coo's feel like its there duty to put a positive spin on everything when Its clearly a bad time for most people. Im sure its down more than 1%. They would not be giving away free food and extra nights stays for a 1% difference. I guess they feel like the shareholders want good news in these times . I think its gonna be a hard 2009 for most companys Disney included. I would imagine most people would not pull out of their booked /paid vacations unless it was really drastic I for one could not tell my kids "Hey All the excitment and build up for the last 6 months was nice but we cant afford to go " It would kill me to do that. I think theres alot of people taking a wait and see approach to everything next year.
I'd like to know who the typical person is Disney is referring to that plans their vacation 10-12 weeks in advance. I don't know about any of you, but I generally need a bit more time than 2.5 months to plan and pay for a vacation.
It's a little frustrating when people attempt to compare the current financial crisis with the events of Sept. 11, 2001. Like now, there was a downturn in travel. However, it had nothing to do with anyone's finacial situation. People were pretty much afraid to travel. It was a matter of convincing people to travel. The current crisis has to do with the availability of disposable income. Many people no longer have it. So while it was inevitable that the economy would rebound after Sept. 11, the current crisis is a bit different. While it most certainly will get better, the timeframe is unknown. So please stop comapring these two time periods. They are NOT the same.
Absolutely.
Today the dollar went to $1.49 against the pound. That has huge ramifications for UKers, Disney's biggest foreign market. Those folks have been coming here in droves the past few years (making up as Americans have cut back) because it was such a deal to visit Orlando (even for 3-4 weeks at a time ... they do actually get vacations or 'holidays' over there unlike here where if you get two weeks, consider yourself lucky!)
Now ... those people are starting to stay home.
Mickey is one desperate mouse these days.
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