networkpro
Well-Known Member
- In the Parks
- Yes
Hehe and AP renewals. I'm doing mine today.
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WSJ: Even Disney Is Worried About The High Cost Of A Disney Vacation (gift link)
- Thread starter lentesta
- Start date
Hehe and AP renewals. I'm doing mine today.
Bob makes his underling drink only POTC water if they fall out of line.
Two increases in less than 5 months apart???
JoeCamel
Well-Known Member
It is required of the position. Always be mindful of how your words will read in a transcript is the corporate mantra by those that play high level business
Stripes
Premium Member
Hugh Johnston, December 9, 2024:
TheMaxRebo
Well-Known Member
He definitely mentioned the negative take the last earnings call after the positive benefit the previous
So either they have adjusted their view or they were talking about different time horizons or something (like beneficial in the long term as it grows the pie of visitors to the area but negative in the short term as is the new shiny thing)
So either they have adjusted their view or they were talking about different time horizons or something (like beneficial in the long term as it grows the pie of visitors to the area but negative in the short term as is the new shiny thing)
So you believe they think attendance will decline based on the words of the guy talking out of both sides of his mouth at the same time? "We've built in some negative for that..." "...the history is you tend to get higher attendance when there's something big and new in the market." "... we'll see more category growth than we see share loss.".
Their guidance did not change.
Let me be clear - I think WDW attendance will take a hit once Epic opens. The only growth they're going to see is on the back of ticket price increases.
Stripes
Premium Member
It means that they’ve built an attendance decline due to Epic into their financial projections which is the model they’re using when providing investor guidance, but Hugh is personally optimistic that the actual results will outperform the projection.There’s absolutely nothing “both-sides” about his statement.
lazyboy97o
Well-Known Member
So now that Disney has finally reversed course and finally acknowledged that Orlando is not a tapped out, mature market we should reject that premise as a con?
Not at all. The con was Staggs. Hugh just likes playing both sides at the same time.
lazyboy97o
Well-Known Member
I don’t even know what this means. This isn’t “both sides”. It’s one of those basic patterns of the business that should be understood and expected. If Epic Universe doesn’t shift attention and grow the market, that means the market is now mature and tapped out. That’s a huge problem for Disney and Universal. We don’t want a zero sum market. That assumption is very much responsible for the current situation at Walt Disney World and it actually being true would be worse.
Jrb1979
Well-Known Member
Judging by hotel rates and availability right now for this summer it's looking like it may just be tapped out.
I agree, Epic needs to grow the market. What I'm saying is that Hugh and Bob both think attendance will rise this summer, but juuuuust in case... they're going to "build a bit of a hit" into attendance projections. Then they are covered no matter what happens. Attendance drops? "We forecasted that". Attendance rises? "We did better than projections".
If Epic doesn't grow the market, I do think that pricing has a lot with the lack of growth. Both parties will have pushed prices too high, too fast.
Sir_Cliff
Well-Known Member
Yes, I don't really see the issue with his comments in and of themselves whatever missteps Disney has made over recent decades in Orlando. Sometimes it's hard to know what people want them to say.
I'm also not sure what people think they should be doing against Epic Universe. I get the impression people think Disney should be opening big new attractions against it to try and crush it in some way. That doesn't actually seem like a very good strategy to me and, if anything, having things ready to go in the years after it opens, the hype goes down, and they have a better sense of what its opening has meant for the Orlando theme park market seems smarter. I say that as someone who doesn't even like much of what they have in the pipeline for Orlando.
lazyboy97o
Well-Known Member
“Hope for the best, prepare for the worst.”
This is exactly what we should want, a realization that the industry has fluctuations. A realization that every little dip isn’t cause for panic, which has been Disney’s M.O. for far too long. Yes, there seems to be hubris in there too but it’s not completely blind. There’s also a reason Magic Kingdom is so far ahead of every other park in the area, and being the thing that people will add on to a visit to the area is one of those things.
Ayla
Well-Known Member
What Disney is doing against Epic is (surprise!!) raising prices.
Jrb1979
Well-Known Member
I agree with most of that. Where I disagree is with Disney doing nothing. Not saying to add new attractions to counteract Epic but more in the way of incentives to visit. Like ticket deals and resort offers with really good discounts.
IMO the perfect storm is happening this summer, Disney has priced a lot of people out that do fill the summer months. As big as Epic is, it's still a Universal property. Which means many still have the mindset that Universal is an add on to a Disney vacation.
Fair. The hubris has been a problem for over a decade. IMHO.