What's going to happen with Annual Passes?

[Sirwalterraleigh]

We see the Florida AP very similar.......while current value (TDO's value)has to be as close to zero/long past point of inflection as ever, if it was short term (meaning any non permanent term) eliminated, how long to ramp up when the program is needed again......size/duration of the laggard effect?

Florida res are “recession proofing” more than anything...the thing there is the government isn’t allowing recessions so the dynamic is all whacked up.

...but you’ll have to excuse me now...somebody on another thread is trying to tell me that Orlando is booming, rich, not travel dependent and is “old money” like west Chester county, New York

 

[Dad 2 M & M]

Florida res are “recession proofing” more than anything...the thing there is the government isn’t allowing recessions so the dynamic is all whacked up.

...but you’ll have to excuse me now...somebody on another thread is trying to tell me that Orlando is booming, rich, not travel dependent and is “old money” like west Chester county, New York

Heard that...Orlando is littered with old money legacy foundation(s) and never dependent on the tourist $$$....

 

[DznyGrlSD]

i was able to renew my gold pass a few weeks ago. It went up (shocker!)

 

[Sirwalterraleigh]

Heard that...Orlando is littered with old money legacy foundation(s) and never dependent on the tourist $$$....

yeah...30 year olds telling me that...they woulda been about 20 during the housing bubble crash? 10 during the .dotcom and 9/11 era???

so wise

 

[jt04]

Florida res are “recession proofing” more than anything...the thing there is the government isn’t allowing recessions so the dynamic is all whacked up.

...but you’ll have to excuse me now...somebody on another thread is trying to tell me that Orlando is booming, rich, not travel dependent and is “old money” like west Chester county, New York

Energy policy will bypass any 'recession proofing'. Not that I believe in that myth. Reality checks incoming that you can see at the gas station every day. IMO.

 

[Sirwalterraleigh]

Energy policy will bypass any 'recession proofing'. Not that I believe in that myth. Reality checks incoming that you can see at the gas station every day. IMO.

...ummm...not a political statement

1. Florida residents are primarily for Disney to lean on when there are down economies. They tend to marginalize them in good times
2. The US government now stops recessions with QE as a preventative measure (they did it in 2019 pre covid)...so Florida resident role in Orlando is more “undefined”

 

[TK294]

Heard that...Orlando is littered with old money legacy foundation(s) and never dependent on the tourist $$$....

Well, Thomas Edison and Henry Ford did have vacation homes here...
It's funny to me to think how much of an impact their most famous inventions have on making theme parks possible. Mainly, light bulbs and the assembly line.

 

[TrainsOfDisney]

Henry Ford’s Greenfield Village (home of Edison’s Menlo Park Laboratory) inspired Disneyland as well.

 

[jt04]

...ummm...not a political statement

1. Florida residents are primarily for Disney to lean on when there are down economies. They tend to marginalize them in good times
2. The US government now stops recessions with QE as a preventative measure (they did it in 2019 pre covid)...so Florida resident role in Orlando is more “undefined”

You keep bringing up the "recessions aren't permitted anymore" so I just wanted to balance that out. Without a somewhat reasonable energy plan they don't have enough pixie dust to avoid problems. There I put it in Disney terms.

 

[Disney Glimpses]

I’d be willing to bet (the farm) that WDW’s APs pack the whallup as far as the prized “per day spending” far more than any pass program anywhere.

one of the things that is often thrown around when describing Disneyland APs is that many “don’t even eat dinner there”...which is quite opposite of people driving to Epcot from Tampa to eat at a table service and leave.

having people show to only go on rides does absolutely nothing for the Walt Disney company...which is why they try to avoid building them at all costs these days.

I agree. Chapek’s comments on an earnings call alluded to something different though.

 

[TrainsOfDisney]

one of the things that is often thrown around when describing Disneyland APs is that many “don’t even eat dinner there”...which is quite opposite of people driving to Epcot from Tampa to eat at a table service and leave.

I’m sure it’s all over the map. The long line on Sunday afternoons at Plaza Inn isn’t tourists!

It will be interesting to see what happens in the future - that’s for sure. I can see it going multiple directions. I still think Disney will want a consistent program in California and WDW but that’s just my guess.

 

[The Lochness Monsta]

I think Disney World will get theirs back, but Disneyland won't. Just based on their sizes and amount of resorts/hotels. It's probably better for DL to keep Day Passes because it's more profitable.

 

[RSoxNo1]

You keep bringing up the "recessions aren't permitted anymore" so I just wanted to balance that out. Without a somewhat reasonable energy plan they don't have enough pixie dust to avoid problems. There I put it in Disney terms.

There's a reason why they continue selling the EPCOT after 4 PM pass, it makes them money on food and alcohol sales.

Disneyland operates like a bizzaro Disney World. Crowds pickup after dinner at Disneyland. Instead of dinner and a movie, it's dinner (somewhere else) and Disneyland.

 

[Dad 2 M & M]

Well, Thomas Edison and Henry Ford did have vacation homes here...
It's funny to me to think how much of an impact their most famous inventions have on making theme parks possible. Mainly, light bulbs and the assembly line.

That’s insulation enough….

 

[bhg469]

There's a reason why they continue selling the EPCOT after 4 PM pass, it makes them money on food and alcohol sales.

Disneyland operates like a bizzaro Disney World. Crowds pickup after dinner at Disneyland. Instead of dinner and a movie, it's dinner (somewhere else) and Disneyland.

That is the only pass my wife and I want to buy.

 

[Sirwalterraleigh]

I agree. Chapek’s comments on an earnings call alluded to something different though.

Chapeks comments are for institutional investors, bankers and rating agencies...not for fans or even customers

he’ll promise them he can increase attendance, charge $175 a day plus $130 after hours add on and maybe more...

and then if he tried it and attendance dropped 15%...those people would stangle him with their barehands for missing earnings targets.

Disney parks are mass machines...they fail if they don’t generate masses. Annual passes...in Florida and they’ll find in California if they try to con them...do that. Necessary.

I’m sure it’s all over the map. The long line on Sunday afternoons at Plaza Inn isn’t tourists!

It will be interesting to see what happens in the future - that’s for sure. I can see it going multiple directions. I still think Disney will want a consistent program in California and WDW but that’s just my guess.

There’s groups in every basket.

I don’t EVER recall anyone saying they go to wdw to “not eat”

there are some...I’m sure...downtown/springs are scoffed at for that at times...but that kinda gripe is pointed to the APs in southern cal that make Disney a park of their lives but aren’t interested in lining their pockets.

 

[Sirwalterraleigh]

You keep bringing up the "recessions aren't permitted anymore" so I just wanted to balance that out. Without a somewhat reasonable energy plan they don't have enough pixie dust to avoid problems. There I put it in Disney terms.

Because they don’t...they use new mechanisms to “stabilize the markets and maintain liquidity”

what does that mean? The movers and shakers lost 30-40% of their net in the housing stock crash. They control policy and made it “never again”...so as long as politicians are politicians and humans are greedy...that’s what they’ll try.

now...is a recession “good”? No...and yes. It resets prices and preserves currency values if it happens on a stable and manageable basis...

for disney? They have been integral to pausing price increases and maintaining value overtime. A very necessary evil. But Bob changed how he handled that (ingeniously) and slap-o is not qualified at all to deal with one. Should be fun

 

[TrainsOfDisney]

I don’t EVER recall anyone saying they go to wdw to “not eat”

When I was in the area and going with friends they would frequently want to eat before / after the parks. I was the odd one that voted to eat on property.

 

[bcoachable]

Is the Epcot after 4 ticket still a reality?

 

[Sirwalterraleigh]

When I was in the area and going with friends they would frequently want to eat before / after the parks. I was the odd one that voted to eat on property.

Again....I’m sure there are “many”...but ultimately minuscule.

8 billion people...50 ish million gateclicks. Anecdotal is just that until large numbers are in that basket