What will Disney announce for Disney World at the 2022 D23 expo?

[Sirwalterraleigh]

I can’t help believe that you are being deliberately obtuse. I know you are smarter than this.

They publicly stated to investors that capex would reach record highs. You don’t say that if it’s not true and you don’t say that to impress investors. They don’t like that. You’re not trying to impress them with that information you’re trying to warn them.

That total is for the entire company but historically the parks segment takes up by far the largest share of capex spending and there is zero reason to believe that would not continue to be the case.

I’m not being “obtuse”…I’m saying I don’t believe a word Slaphead says…unfortunately that is set it stone.

Capex is very ambiguous to me…as I’ve stated multiple times in thread: it’s muddled since they threw everything into fewer pots.

So I’ll believe what I see…and that doesn’t stop at announcements. Trust ONLY the shovels

Full disclosure…I hope I’m completely wrong. As with most things regarding management and pit vipers…err…I mean…”wall st”

 

[Sirwalterraleigh]

I want to say CapEx was in the $2.5-3B range per year in the late 2010’s.

My fear is that any spending on the parks will not increase capacity in any meaningful way. We shall see.

So how much did that yield in Orlando?

It appears “all used up”. But that was predictable.

 

[JoeCamel]

So how much did that yield in Orlando?

It appears “all used up”. But that was predictable.

They got a starter park in Shanghai I think?

 

[peter11435]

So how much did that yield in Orlando?

It appears “all used up”. But that was predictable.

In that period Orlando was seeing Pandora, Toy Story Land, Runaway Railway, Galaxies Edge, Rat, Guardians, Tron, Harmonious, Skyliner, riviera, etc

 

[peter11435]

I’m not being “obtuse”…I’m saying I don’t believe a god damn word Slaphead says…unfortunately that is set it stone.

Capex is very ambiguous to me…as I’ve stated multiple times in thread: it’s muddled since they threw everything into fewer pots.

So I’ll believe what I see…and that doesn’t stop at announcements. Trust ONLY the shovels

Full disclosure…I hope I’m completely wrong. As with most things regarding management and pit vipers…err…I mean…”wall st”

I don’t care for Bob either. But you are letting that get in the way. First of all the statement did not come directly from him. And more importantly, what would be the point of lying about it. Again, they were speaking to investors, these are people who would largely prefer capex be as close to zero as possible. Telling investors about rising costs is about warning them, not bragging.

And as has been stated multiple times in this thread it’s really not muddled. the capex number is and has been reported for the entire company. It’s always been one pot nothing has changed. Parks and resorts have always taken up the vast majority of that pot. And they are expecting that pot to reach record levels in the coming years.

 

[GhostHost1000]

Let’s not forget things cost more today than the did a few years ago so one would expect a higher allocation of funds for projects.

Plus Disney project spending is WAY out of hand. They need to find a way to manage/control that better then they could do more projects for less

 

[peter11435]

Let’s not forget things cost more today than the did a few years ago so one would expect a higher allocation of funds for projects.

Plus Disney project spending is WAY out of hand. They need to find a way to manage/control that better then they could do more projects for less

These are valid points based on facts

 

[Indy_UK]

If the amount to spend at WDW was as low as 1.5b then I’d rather they just used that to fix all the bodged work they did like not allowing the Harmonious barges to be put away from the lagoon during the day.

But that will never happen

 

[montyz81]

Let’s not forget things cost more today than the did a few years ago so one would expect a higher allocation of funds for projects.

Plus Disney project spending is WAY out of hand. They need to find a way to manage/control that better then they could do more projects for less

Project spending is way out of hand, yet the experiences are substantially less quality and more on par with Universal experiences. I don't understand how they can spend more, charge more and the parks are still a hot mess.

 

[mikejs78]

Let’s not forget things cost more today than the did a few years ago so one would expect a higher allocation of funds for projects.

Plus Disney project spending is WAY out of hand. They need to find a way to manage/control that better then they could do more projects for less

All that being true, $6b a year is a lot, far more than has been seen in a long time. I think we may be in for some decent development. Whether or not people like what's being built is another story.

 

[ppete1975]

That’s on us…to be honest

To a point I agree. But how many ardent Disney fans are there in comparison to first timers. I figure it tracks like this

The Disney Diehards that go once or twice a year who live and breath Disney (you can throw APs and DVC in there)
The go every few years due to nostalgia
Have a kid and it becomes a bucket list thing of taking the kids to disney as much as possible

then you have
The first timers
the tour groups
the athletic groups (cheerleaders etc)
The people who go once and dont return.
out of country once in a lifetime trip

With debt so easy to acquire now (you no longer have to save up), and world wide travel being so easy. How many people going to Disney World have been in the last 5 years or ever. And will that group return. It seems a near exhaustible amount of new customers that dont know what the parks were or how expensive they have become (people really dont research as much as they should).

I feel until the new customer or havent been in a long time runs out, Disney can continue to give mediocre ROI for the theme park visitors dollar. The work that Walt did and was continued long after his death is doing the advertising for them now. That 60ish years built the parks into a mythological status.

I also think we are still seeing a Covid affect where people are pent up to go to Disney, or already had a cancelled trip.

Im curious what 2023 looks like, especially if ticket prices go up.

 

[GimpYancIent]

All that being true, $6b a year is a lot, far more than has been seen in a long time. I think we may be in for some decent development. Whether or not people like what's being built is another story.

Keep in mind the construction zone look / motif is not exactly what the fans, travelers, vacationer's and tourists are looking for.

 

[MaximumEd]

In that period Orlando was seeing Pandora, Toy Story Land, Runaway Railway, Galaxies Edge, Rat, Guardians, Tron, Harmonious, Skyliner, riviera, etc

All true. The only gripe I have with this is the fact they spent all that money and still didn’t add much net ride capacity in parks that desperately need net ride capacity. There’s some, yes, but not near enough for the money spent.

 

[bhg469]

All true. The only gripe I have with this is the fact they spent all that money and still didn’t add much net ride capacity in parks that desperately need net ride capacity. There’s some, yes, but not near enough for the money spent.

Literally everyone who enjoys the parks should have the same gripe.. Anyone that thinks to the contrary is not worth arguing with.

 

[Sirwalterraleigh]

To a point I agree. But how many ardent Disney fans are there in comparison to first timers. I figure it tracks like this

The Disney Diehards that go once or twice a year who live and breath Disney (you can throw APs and DVC in there)
The go every few years due to nostalgia
Have a kid and it becomes a bucket list thing of taking the kids to disney as much as possible

then you have
The first timers
the tour groups
the athletic groups (cheerleaders etc)
The people who go once and dont return.
out of country once in a lifetime trip

With debt so easy to acquire now (you no longer have to save up), and world wide travel being so easy. How many people going to Disney World have been in the last 5 years or ever. And will that group return. It seems a near exhaustible amount of new customers that dont know what the parks were or how expensive they have become (people really dont research as much as they should).

I feel until the new customer or havent been in a long time runs out, Disney can continue to give mediocre ROI for the theme park visitors dollar. The work that Walt did and was continued long after his death is doing the advertising for them now. That 60ish years built the parks into a mythological status.

I also think we are still seeing a Covid affect where people are pent up to go to Disney, or already had a cancelled trip.

Im curious what 2023 looks like, especially if ticket prices go up.

The largest segment each and every day are repeat travelers from the US…that will never change

 

[mikejs78]

Keep in mind the construction zone look / motif is not exactly what the fans, travelers, vacationer's and tourists are looking for.

The alternative is the parks never expand. And who wants that?

 

[Sirwalterraleigh]

In that period Orlando was seeing Pandora, Toy Story Land, Runaway Railway, Galaxies Edge, Rat, Guardians, Tron, Harmonious, Skyliner, riviera, etc

And yet…
…how does the day go now as compared to 10 years ago?
How about 20?

What’s it gonna be like in 2?


Instead of listing things…just look at how the operation plays on the ground. We’re applauding “degrees of failure”

 

[mikejs78]

The only counter I can think of to my more optimistic take is that this could be Chapek's Shanghai - i.e. a new resort somewhere in the world that can be his legacy. Then all the capex could go to that.

 

[Sirwalterraleigh]

The only counter I can think of to my more optimistic take is that this could be Chapek's Shanghai - i.e. a new resort somewhere in the world that can be his legacy. Then all the capex could go to that.

The danger is that they’re spinning how they can bleed what they have…behind the scenes where the real Money people are.

 

[mikejs78]

And yet…
…how does the day go now as compared to 10 years ago?
How about 20?

What’s it gonna be like in 2?


Instead of listing things…just look at how the operation plays on the ground. We’re applauding “degrees of failure”

The resort is significantly better now than it was 5 years ago. It's not enough, but a lot of areas have improved.