What's your maximum on ticket prices? An unscientific poll...

[Patcheslee]

I can't really say a price because we are limited to what work will approve. 1 year they were okay with 9 weekdays off, the next they are arguing about 5 weekdays. I set a budget per day for hotel, food, tickets, and overall cost. If each day is low enough and work is being "nice" we go.

 

[HansGruber]

It isn't a thing but it affects overhead which affects shows that aren't popular. Which means that a show with $125 orchestra seats now opens with $180 orchestra seats. Do you see how that works? All I know is that 5 years ago, I could take my brother and his family to a show with wonderful seats for less than $500 and now it takes $1000. That's a $500 raise in prices. And I'm not just talking about the premium shows.

But forget it, I see we disagree.

Yes, ticket prices have gone up because demand has gone up. Again, Economics 101.

 

[HansGruber]

If demand has gone up, why are so many shows closing early? Economics Flight 703.

Because they are reducing costs.

Until such time that attendance or demand reduces, they will continue to increase revenues while decreasing costs.

 

[Lets Respect]

A six-day non-park-hopper is costing us $70 pp per day for our next trip. And I find myself saying things like “Is it worth using up a ticket day to visit X park?”

Definitely hitting the limit on the price of tourist tickets

 

[Mickey shaped world]

We are paying £380pp for our 14 day tickets for next year. The single day tickets are crazy expensive. I think the max I would pay is £500 for the 14 day ticket and I fear that day isn't too far away.

 

[eliza61nyc]

People are paying $300+ a ticket on Broadway. I think they're idiots. But they're idiots with cash to burn. God help us all.

And if people stop paying $300, Broadway raises the other ticket prices to make up the difference. Which is why I always find the argument here that if you stop going, they'll rethink the prices. HA.

Lol I literally just purchased 3 tickets to Hamilton. Price? 475.00 each for mezzanine seats. Now I can't say I'm the brightest bulb in the pack but I'm a realist, i love live theater so if I want to go this is the price I pay.
When the play first came out tickets were easy 1000 bucks +.
I wouldn't say Ive got money to burn but I'm done with saving for kids college tuition and retirement so I do now have disposable income.

 

[eliza61nyc]

If demand has gone up, why are so many shows closing early? Economics Flight 703.

Also just wanted to add that it's not always a linear jump from demand and a show closing early. Broadway shows took in over 2 billion dollars during the 16-17 season and the actual theaters are more stable than they have been in decades.
For one the theater is much, much more diverse with loads of smaller non musical productions being offered. they usually always close early or have limited runs. Most folks when they think of Broadway they think of musicals, those tend to stay for very long but often the other types have much shorter runs.

now when I was a kid in NYC broadway use to give out these things called "two-fers". basically they were 1/2 price coupons on your next show. the theory was that it would encourage more parents to bring their kids to the theater and get them hooked, thus ensuring a new generation of theater goers.
Those days are gone, but now you can go to the TKTS booth and get decent prices if you don't mind what you see.

Truthfully, like I said before, if you look around to all the entertainment and vacation options out there Disney is not IMO outrageously high. it's all expensive.

 

[DfromATX]

I don't mind the ticket prices. In fact, I don't even know what a daily ticket costs. It's the crazy high hotel and food prices that bother me. We were a group of 7 and our food for 6 days was about $2,000. With the dining plan it would have cost about $1,000 more.

 

[larryz]

Lol I literally just purchased 3 tickets to Hamilton. Price? 475.00 each for mezzanine seats. Now I can't say I'm the brightest bulb in the pack but I'm a realist, i love live theater so if I want to go this is the price I pay.
When the play first came out tickets were easy 1000 bucks +.
I wouldn't say Ive got money to burn but I'm done with saving for kids college tuition and retirement so I do now have disposable income.

 

[Sirwalterraleigh]

Amusement park tickets are not a comparable price comparison to broadway shows or sporting events...just a reminder.

That is more true in the Orlando market.

 

[eliza61nyc]

Amusement park tickets are not a comparable price comparison to broadway shows or sporting events...just a reminder.

That is more true in the Orlando market.

Very true, I think we sort of threw it in there as just an example of price increases that seem insane.

 

[HansGruber]

Very true, I think we sort of threw it in there as just an example of price increases that seem insane.

No, FlamingMonkey brought it up as some confusing correlation to the Disney parks.
Essentially, according to FlamingMonkey, if guests stop visiting Disney, then Disney will increase ticket prices to compensate for lost revenue.

I know, confuses me as well.

 

[Tom P.]

We don't have to get into theoretical debates about how Disney reacts to declining demand. We can just look at relatively recent history. What happened when the travel and tourism industry essentially dried up following 9/11? Did Disney raise prices to compensate and make up for lost revenue? No. They offered some of the deepest discounts ever in order to try and stimulate demand. Let's not forget that the reason free dining exists is because of that downturn.

No company or industry raises prices in response to declining demand. Or, if they do, they don't stay in business for long. Disney is not immune to economic forces, no matter how much we often pretend that they are.

 

[LittleBuford]

We stay at Disney World and go every year but actually haven’t been to a park in over 4 years. There is so much to do there and I can’t justify the admission price. We still have a great time and far more relaxing!

I’m kind of in awe of you. Being on property without spending all day in the parks would kill me. “Relaxing” is not in my WDW vocabulary!

 

[Tom P.]

I’m kind of in awe of you. Being on property without spending all day in the parks would kill me. “Relaxing” is not in my WDW vocabulary!

I absolutely love taking a day away from the parks while we are at WDW. Typically, in our last few visits, we try to set aside at least one day for water parks and one "free" day where we enjoy the resort and do other non-park things.

But, that being said, that's in addition to being in the parks on many days. Our visits are typically 8-10 days, so it gives us the chance to take a more leisurely pace and do non-park things without missing out on what we want to do in the parks.

But, yeah, I can't imagine being on property and never going into the parks.

 

[LittleBuford]

I absolutely love taking a day away from the parks while we are at WDW. Typically, in our last few visits, we try to set aside at least one day for water parks and one "free" day where we enjoy the resort and do other non-park things.

But, that being said, that's in addition to being in the parks on many days. Our visits are typically 8-10 days, so it gives us the chance to take a more leisurely pace and do non-park things without missing out on what we want to do in the parks.

But, yeah, I can't imagine being on property and never going into the parks.

That sounds like a great balance, and one I think I would enjoy if my visits to WDW were as long as yours (which, alas, they’re not ).

 

[Sirwalterraleigh]

We don't have to get into theoretical debates about how Disney reacts to declining demand. We can just look at relatively recent history. What happened when the travel and tourism industry essentially dried up following 9/11? Did Disney raise prices to compensate and make up for lost revenue? No. They offered some of the deepest discounts ever in order to try and stimulate demand. Let's not forget that the reason free dining exists is because of that downturn.

No company or industry raises prices in response to declining demand. Or, if they do, they don't stay in business for long. Disney is not immune to economic forces, no matter how much we often pretend that they are.

This is a bit unrelated - but my favorite anecdote.

After the “millennium” ended - my belief is that it was the peak of experience at WDW - travel fell off cliff and some of the hotels went into low occupancy...in APRIL/MAY of 2001.

Why? The tech crash was “delayed” in Orlando and many of the middle classers (back when they were the valued core audience) just sucked it up and went for the flame shooting ball anyway. Then after the hoopla was over - and a part of the Eisner decline that got him - the Place bottomed out. 2002-03 was just a double whammy.

Fun facts...lived it.

The real thing - in defense of self-immolation monkey - is what will the prices and policy do to the place in a real recession? We are on untreaded ground in many ways. A unique set of factors.

 

[Sirwalterraleigh]

Very true, I think we sort of threw it in there as just an example of price increases that seem insane.

I know...I just like to highlight you can’t compare a 3 hour event to an average 6-7 day commitment with tons of imbedded costs you can’t get around

 

[Frankie The Beer]

As much as I need to pay to get into the parks. The poor have no reason to go on cheap vacations if you can't afford it you shouldn't be going.

 

[Sirwalterraleigh]

As much as I need to pay to get into the parks. The poor have no reason to go on cheap vacations if you can't afford it you shouldn't be going.

We should rename you “Molotov”