What Happens to WDW / Disney Parks during a massive correction / recession?

[maemae74]

Somebody better lean over and whisper under chapeks desk and let him know

Stock is going to get pummeled again today

In his defense we are being told there is nothing to see here and everything is fine! However most are smart enough to know when there is smoke there is indeed fire.

 

[Disstevefan1]

Most of our favorite memories in recent years were in early pandemic months when there was little travel and very low crowds. It's unpopular here but I'd take low crowds and decreased entertainment over high crowds and increased entertainment. We stayed at Poly with the hotel side closed, O'Hana closed, the GCH monorail closed, and a ton of construction around and I'd take that again over the big crowds.

At that time I felt okay because most could make a choice to travel or not. I'd probably feel some guilt doing the same travel during a pandemic with knowledge that people were not necessarily electing to travel but were essentially forced to not travel because of the costs

Cherish the times you had at WDW in the early pandemic months. I thought the same thing when I saw the totally empty parks when the just reopened. This will never happen again, I wish I could have experienced it.

And NO, the recession/correction will NOT make the parks as empty as in the early pandemic at WDW..

 

[Sirwalterraleigh]

Ok…so we’re gonna keep going, huh?

Buckle up and make sure to pull down on your lap bar

 

[Disstevefan1]

Ok…so we’re gonna keep going, huh?

Buckle up and make sure to pull down on your lap bar

Be sure to hang on to those hats a glasses too.

 

[jloucks]

Working stiffs were laid off in droves during recession 2008 and or lost their homes

I remember the hot mess back in 1982, from what my boss tells me, it made 2008 look easy.

 

[jloucks]

I agree with all you said but since WW II the politicians have run the wars and with their rules of engagement we the military were not allowed to win. Vietnam never lost a battle, politicians lost the war This will more than likely be deleted

This thread has been off the rails for a while, so long as we don't get toxic it will probably ride.

 

[maemae74]

Let's hope they sell out their new hundred grand per person Adventures by Disney trip before the bottom falls out! :0

 

[Rickcat96]

When some rides have over 2 hour wait times , will more staffing get the guests wait times to experience the attraction will be decreased? That argument doesn't fly.

You are correct if it ONLY applies to rides, without full food and beverage offerings, shows and entertainment being fully staffed, what else is there to spread the crowds out?

 

[Ryan120420]

During the 2008 recession that is when Disney introduced the Monthly Payment Plan for Annual Passes at Disneyland.

I could see them running promotions including Genie+ into vacation packages and ticket products.

 

[Tha Realest]

What happens to the secondary DVC rental market?

 

[Jeff4272]

The Labor market is about to collapse. Just yesterday alone Coin, Redfin and Compass all announced layoffs.........That's on top of AMZN, TGT, TSLA, Ford all previously announced layoffs and most companies have announced hiring freezes

With oil projected to go to $150 as we are entering the summer travel season, coupled with continued supply chain issues (even though they have loosened a bit already), we are in for a world of hurt by the end of the summer.

 

[maemae74]

The Labor market is about to collapse. Just yesterday alone Coin, Redfin and Compass all announced layoffs.........That's on top of AMZN, TGT, TSLA, Ford all previously announced layoffs and most companies have announced hiring freezes

With oil projected to go to $150 as we are entering the summer travel season, coupled with continued supply chain issues (even though they have loosened a bit already), we are in for a world of hurt by the end of the summer.

C'Mon Man!

 

[Jeff4272]

C'Mon Man!

sorry...don't mean to be Debbie downer......

look at it this way, the parks wont be crowded, you'll get great discounts and wont have to pay for genie+ b you wont need it

 

[maemae74]

sorry...don't mean to be Debbie downer......

look at it this way, the parks wont be crowded, you'll get great discounts and wont have to pay for genie+ b you wont need it

Well that is a bright side and will definitely take advantage of it.

 

[Texas84]

Cherish the times you had at WDW in the early pandemic months.

It was epic. Walk-on everything.

 

[Tha Realest]

It was epic. Walk-on everything.

It was absolutely glorious. We stayed at the Poly on cheap DVC points (regular hotel was not opened yet) and had the entire pool to ourselves for hours.

 

[maemae74]

It was epic. Walk-on everything.

It was but the mask outside in July was suffocating and anyone who says it wasn't ......well never mind. I was glad when they transitioned to only inside but I noticed the crowds had started to fluff up by then.

 

[eliza61nyc]

The Labor market is about to collapse. Just yesterday alone Coin, Redfin and Compass all announced layoffs.........That's on top of AMZN, TGT, TSLA, Ford all previously announced layoffs and most companies have announced hiring freezes

With oil projected to go to $150 as we are entering the summer travel season, coupled with continued supply chain issues (even though they have loosened a bit already), we are in for a world of hurt by the end of the summer.

my understanding was the job market was still hot. layoffs were actually at an all time low (from April statistics) and most jobs are trying to keep their employees since the is an almost record level demand for employees.

it does amaze me that people still don't want to go back to work or only part time. go figure

I wonder if those layoffs foretell the house market cooling down, with mortgage interest rates being raised, the source of folks looking to buy might be drying up.

I actually think this summer and fall we're pretty good. people have their plans in place and for the most part have brought tickets and budgeted for it. yeah the gas prices have definitely put in the pinch but I don't think there will be cancelling outright. IMO late fall/winter into 2023 will be the one to watch.

 

[SteveAZee]

my understanding was the job market was still hot. layoffs were actually at an all time low (from April statistics) and most jobs are trying to keep their employees since the is an almost record level demand for employees.

it does amaze me that people still don't want to go back to work or only part time. go figure

I wonder if those layoffs foretell the house market cooling down, with mortgage interest rates being raised, the source of folks looking to buy might be drying up.

I actually think this summer and fall we're pretty good. people have their plans in place and for the most part have brought tickets and budgeted for it. yeah the gas prices have definitely put in the pinch but I don't think there will be cancelling outright. IMO late fall/winter into 2023 will be the one to watch.

It seems like there are a lot of pre-emptive layoffs happening, particularly in tech/speculative markets and that's also taking its toll in the stock market (though today looks pretty broadly based in the selloff). There's still a huge demand for employees elsewhere (my wife owns a staffing agency) and there aren't enough (skilled) people to fill the demands. In fact, places like Amazon (and others) are recruiting recruiters just to help fill open positions. That said, it's likely going to cool a bit as reality sets in and people curb their spending in response to interest rates going up.

 

[Texas84]

It was but the mask outside in July was suffocating and anyone who says it wasn't ......well never mind. I was glad when they transitioned to only inside but I noticed the crowds had started to fluff up by then.

Yes. There was a lot of stopping and sitting for water breaks on that first trip to catch my breath.