Posted on 10/18/2023 5:15:39 PM PDT by dennisw
The price hikes follow reports earlier this year saying Disney parks experienced a disappointing summer in terms of attendance, with one travel company that tracks line-waiting time at Disney World saying that the Independence Day weekend was one of the slowest in nearly a decade.
As if visiting a Disney theme park wasn’t already outrageously expensive, the Walt Disney Company is once again hiking the price of admission to Disney World in Orlando and Disneyland in Anaheim, with certain passes skyrocketing by as much as 21 percent.
Disney is also jacking up the price of parking in Orlando from $25 to $30, or 20 percent.
The eye-popping increases, which take effect immediately, represent Disney’s latest attempt to juice revenue amid faltering financials that have left the once invincible company in disarray. Long a reliable cash cow, Disney parks are showing signs of serious vulnerability, with mounting reports of weak attendance as families dealing with the crushing effects off Bidenflation opt to stay home.
Disney shares are languishing near record lows, down nearly 4 percent for the year and more than 8 percent in the past 12 months.
On Wednesday, Disney officials attributed the price hikes to investment in the parks.
“We are constantly adding new, innovative attractions and entertainment to our parks and, with our broad array of pricing options, the value of a theme park visit is reflected in the unique experiences that only Disney can offer,” a Disney spokesperson said in a statement.
(Excerpt) Read more at breitbart.com ...
Oh that will help a bunch.
That is a tried-in-true business model.
That is a tried-in-true business model.
It will falter even more now.
I would not buy Disney stock.
That means I would be saving 21% more by not going.
I always jack up the prices on eBay when my junk doesn’t sell. I could probably retire.
Maybe these price hikes will keep out the “urban” EBT card riff-raff. While Disney makes the same profits on its theme parks.
Surely nothing to do with the recent fist-fights breaking out. Disneyland has to be expensive enough to dissuade a certain socio-economic strata.
Disney has turned itself into a joke…
Priced itself to a point that it’s not even something to consider for the median American family as a vacation.
They almost have a monopoly on the level of theme parks they have built and they keep building new rides and attractions. No surprise they will keep jacking up prices.
It used to be expensive in the 1990s and I paid my dues for the kids and have been done with them for a while now.
Go Disney go! Don’t let those people with common sense influence you. You are highly educated and intelligent experts. You are the Elite.
Oh, yeah. That’ll work! Idiots.
Hey Breitbart, no mention of ‘woke’ or ‘wokeness’ keeping people away and pretty sure this is a major contributing factor.
On the whole, Disney may find that increased revenue and fewer guests may be beneficial if it comes with reduced costs. Notably, pressure from Disney’s unions for wage increases may be alleviated if the employee base contracts a bit.
Yep raising prices works as well as raising taxes....
People love high prices—and wages have easily outpaced inflation in the past couple of years.
Lol.
I think I would buy Target and Bud instead.
Free? Still not going.
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