nyfrenchy said:
That Reedy Creek Comprehensive plan was written in 2000. Then 9/11 came.... But the 2004 jump is very good news, may be we'll get a double digit progression for 2005?
10% growth this year over last would still only put them ahead 3.6% over 2000.
If you compare these actuals to RCID 2% per year growth.....it is not pretty, even with 10% growth this year
1999 42,600,000
2000 43,200,000 (+1.4%) [43,452,000] -252,000
2001 39,700,000 (-8.1%) [44,321,040] -4,621,040
2002 37,600,000 (-5.3%) [45,207,461] -7,607,461
2003 37,800,000 (+0.5%) [46,111,610] -8,311,610
2004 40,700,000 (+7.7%) [47,033,842] -6,333,842
2005 44,770,000 (+10%) [47,974,519] -3,204,519
2006 49,247,000 (+10%) [48,934,009] +312,991
In fact, in 2002 and 2003, they were down to projections the entire yearly attendance of DAK or MGM..........they were operating 4 parks on the revenue of 3. (and people wonder why cutbacks were needed). It would take 2 years of 10% growth to even get back on track, which is HIGHLY unlikely....the best forecasts we have for Orlando tourism is 5-7% growth this year, and 4% next.
Although the decrease in attendance was fueled by 9/11 and a recession that was already happening before 9/11.....we are only another terroist attack away from another situation like that above. I am not sure WDW would spend $800million+ on something that would have the overhead of an additional park......if they reinvest in the current parks, the overhead is FAR less, and, well, rides can always go seasonal.