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Luv2Roam
04-11-2003, 02:59 PM
Disney warns SARS may worsen slump at theme parks
Reuters, 04.11.03, 1:11 PM ET

LOS ANGELES (Reuters) - Fear of SARS, the pneumonia-like illness sweeping Asia, could deliver another blow to already slumping visits to Walt Disney World, No. 1 theme park operator Walt Disney Co. told securities regulators.

Burbank, California-based Disney recently cut its profit target for 2003, citing the effects of the U.S. war on Iraq and terrorism fears on travel as well as the slow economy. It said Walt Disney World in Florida, was particularly vulnerable because it attracted more visitors from foreign countries.

Disney repeated those concerns in the filing with securities regulators late Thursday, which outlined terms and risk factors to a debt offering, and it also noted the potential for SARS, or Severe Acute Respiratory Syndrome, to disrupt business.

"Current concerns relating to severe acute respiratory syndrome, or 'SARS,' and uncertainty surrounding the transmission of this illness, may also contribute to a reluctance to travel," Disney said.

"This tends to adversely affect our resort locations, and in particular our largest resort location, Walt Disney World, where our guests tend to travel from farther away and stay longer."

Disney's main parks are Florida's Disney World and Disneyland in California, and it has interests in parks in Paris, Tokyo and a Hong Kong park that is being built.

Asian travel has declined sharply as SARS, which has no cure so far, has infected more than 3,000 worldwide, primarily in China and Hong Kong, and killing 114.

Disney's ABC television network also faces higher costs and lower advertising due to the war on Iraq, the company said.

Copyright 2003, Reuters News Service

YoHo
04-11-2003, 03:11 PM
YES, YES, IT's not our Fault. Nothing is ever our Fault. Thank the good lord for delivering us a new excuse to close earlier and take away that third Chicken finger.



Dear Lord, I don't think I have any magic left in me at all, its all cynacism and Sarcasm. Stupid Eisner.

grinningghost
04-11-2003, 03:58 PM
It's not stopping me. :D

Bob O
04-11-2003, 05:56 PM
They will use any excuse possible to stop laying blame where it truely belongs, on their doorsteps!!

RoqueC
04-11-2003, 07:49 PM
Well, it won't stop me from going.

Buzz2001
04-11-2003, 08:24 PM
Public health experts think that SARS is spread by close contact between people. SARS is most likely spread when someone sick with the disease coughs droplets into the air and someone else breathes them in. It is possible that SARS also can spread more broadly through the air or from touching objects that have become contaminated.

Why is everything that happens in the world Disney's or Eisner's fault. Can't you just except it for what it is? People are scared of contracting this deadly disease. 100 people have died to date from it.

Luv2Roam
04-11-2003, 08:27 PM
Yeah -- SAR -- that's the ticket. ;) And -- uh -- the sun was in our eyes. ;) Yeah! The SUN! And earthquakes. We might have some earthquakes. Oh yeah! And hurricane season is approaching!

YoHo
04-11-2003, 09:36 PM
Can't you just except it for what it is?

Because no other Vacation Destination in the entire country has said anything about it. Vegas isn't worried, National parks, not worried.

Why is it Disney is the only one who is worried?
Becuase they are using it as an excuse to trim back even further.

Dznefreek
04-12-2003, 08:14 AM
Because no other Vacation Destination in the entire country has said anything about it. Vegas isn't worried, National parks, not worried. Nuff said.......................Why is it Disney is the only one who is worried? Ditto...........

grinningghost
04-12-2003, 09:58 AM
Originally posted by YoHo
Because no other Vacation Destination in the entire country has said anything about it. Vegas isn't worried, National parks, not worried.

Why is it Disney is the only one who is worried?
Becuase they are using it as an excuse to trim back even further.

Don't be so sure...

Las Vegas Preparing for SARS (http://www.usatoday.com/travel/news/2003/2003-04-07-vegas-sars.htm)

YoHo
04-12-2003, 07:25 PM
That's a nice article and all, but it didn't say a single thing about any of the Casino's expecting fewer guests, or losing money. It was about screaning people inbound from Asia. So Yeah, some Airport people care, but none of the entertainment comapanies, So again I ask, why is Disney the ONLY company worried about it?

Planogirl
04-13-2003, 12:16 PM
I think it's a combination of both problems; SARS fears AND Disney cutbacks. Yes, SARS might affect attendance a bit but attendance was dropping long before SARS reared its ugly head. And yes, the war may be affecting attendance but again, attendance was down prior to the war and prior to all of the other reasons.

Just my opinion. And I will also continue to go too, well maybe not as often as before but my attendance decline has nothing to do with the war, terrorists, SARS or whatever. Mine all rest with Disney.

disney1990
04-13-2003, 06:05 PM
Yes, everybody should be concerned about SARS, but not paniced.

How many of you would get a SARS vacination if it were available tomorrow?

How many of you got a flu shot this past winter?

36,000 people in the United States alone dies from the flu last year.

Just something to think about.

mcnuss
04-13-2003, 08:31 PM
Because no other Vacation Destination in the entire country has said anything about it. Vegas isn't worried, National parks, not worried.


National Parks do not file with the SEC.

Are you so sure that none of the publicly held corporations that own casinos did not include similar language in their filings?

Love it or hate it, Disney as a publicly held corporation is under a finduciary duty to its shareholders to report any event that may -not will, but may - affect profitability or shareholder value.

I am not saying that there are not other reasons within the company's control for attendance to be down

YoHo
04-13-2003, 11:11 PM
Are you so sure that none of the publicly held corporations that own casinos did not include similar language in their filings?


SARS is big big news. In fact its just about the ONLY News story that they bother to shoe-horn in between war coverage. Those News agencies ALWAYS poor over ANY company missive or public filing. ALWAYS!

Thus, I feel safe in saying that if a news story on it doesn'texist, they aren't worried.


YET!

off2disney
04-13-2003, 11:28 PM
It's not stopping me.

I have heard several newscasters say that if it wasn't for the War, the SARS story would be the biggest newsmaker of the year.
(They'd be jumping on it like a duck on a June bug!)

By the way, I get my flu shot every year!

mcnuss
04-14-2003, 10:32 AM
...if it wasn't for the War, the SARS story would be the biggest newsmaker of the year...

Kind of reminds you of the Norwalk Virus from last year....

KNWVIKING
04-14-2003, 11:26 AM
While I agree that WDW may be looking to justify low attendance figures at the expense of a SARS scare,9/11,war, economy, weather, terrorism,etc, it doesn't mean that these factors are NOT a cause for lower attendance. There is an article in the NY Daily News stating how recent events have decimated their economy. I'm sure Eisner is using these events as a way to divert blame away from himself, but there is no disputing the fact that the record attendance figures of the past coincided with a booming economy,no war,no 9/11,no SARS,no terrorism.

IMO, Disney is stuck in an ugly catch 22: Attendance is down,have to cut cost. Cut cost,drives attendance down lower. Cut more costs.............

One expense we all seem to be overlooking since 9/11 is all the security measures and manpower. Now they are building perminate security booths. I don't know what these dollar figures are, but I'm sure they are pretty high. Wether or not they are wasting money doing this is a whole different debate.

mitros
04-14-2003, 12:10 PM
:confused: Could it be that people are staying away in droves because of the ever increasing prices for admission? But then again, I find it hard to beleive business is off there. I just attempted to make a reservation for OKW for a studio sometime in May. All I was able to get was a one bedroom {an upgrade} first week in May. The CM I spoke to said that there are few openings at OKW in May. Business off? Not in May, it seems:(

KNWVIKING
04-14-2003, 12:27 PM
OKW, being a DVC resort, should not be used as a benchmark for how busy WDW is. As a sold-out DVC resort, it is virtually always booked,especially for last minute ressies.

As for price increases, the major theme parks all raise about $2.00 per park for a one day ticket. This year, US/IOA & SW did, WDW did not.

mitros
04-14-2003, 01:57 PM
:cool: I do realize how the vacation club works. We have been members since it's inception, over 10 years now. My point is that ,and I'm sorry if you don't agree, is that WDW prices continue to climb out of a lot of folks reach. And as far as not judging disney by the amount of people at OKW, we have stayed there 5 different times since last november, and each time the resort was full, so were the parks, with the possible exception of epcot. Just my observations.:D

C.Ann
04-14-2003, 06:24 PM
Originally posted by KNWVIKING
As for price increases, the major theme parks all raise about $2.00 per park for a one day ticket. This year, US/IOA & SW did, WDW did not.

-------------------

And how many shows, events, hours, and such did US/IOA and Sea World cut? Did they also reduce the amount of food they serve while maintaining the same price? Are their rest rooms filthy because they have cut back employee hours? Have they substituted decent napkins with see-thru ones? Have they done ANY of the things that Disney has in recent years?

I've been to US/IOS and Sea World - and definitely felt as though I received my moneys worth.. Can't say the same for Disney..:(

KNWVIKING
04-15-2003, 06:48 AM
"And how many shows, events, hours, and such did US/IOA and Sea World cut? Did they also reduce the amount of food they serve while maintaining the same price? Are their rest rooms filthy because they have cut back employee hours? "

Don't know. Did they ? Have they ? Are they ?

I was just responding to a post about increased prices.

Chicken fingers: It's been reported there are now three fingers, but it has been stated the fingers are bigger. In May, I will know the answer to this because I will buy them. But the price hasn't gone up.

Bathrooms: I was in WDW three times in 2002,one week each.Never saw a filthy bathroom. When I go in May, I'll see for myself. Of course this doesn't mean I won't enter just after some idiots who've never experienced indoor plumbing have just finished before a CM has had an opportunity to clean up after them.


" I've been to US/IOS and Sea World - and definitely felt as though I received my moneys worth.. Can't say the same for Disney.."

When I stop getting my money's worth, I'll stop going.

d-r
04-15-2003, 09:11 AM
Originally posted by C.Ann
And how many shows, events, hours, and such did US/IOA and Sea World cut?

IOA/USF both close at 7:00 on week nights during May, with IOA closing at 9:00 on Fris and Sats and USF closing at 7:00 on weekends, except for memorial day weekend, when both close at 9:00 on Fri and Sat. I don't know if this is a cut or if they have always had these shorter hours, but they are comparable to Disney hours during the same time period. Actually, they are lower because during the week at Disney you could still go to Epcot or the Studios after 7. In May, Sea World closes at 6:00 or 7:00, being open until 10:00 on Memorial Day weekend, 8:00 other weekends.

Universal cut entertainment performers in Aug. 2002. Universal also cut their soap opera weekend last Sept.

It is more difficult to find cuts from SeaWorld, probably because fewer people care about it to post about it. In Oct. of 2001 they closed a show and the otter area for a while, but I don't now anything about that really.

Universal closed King Kong, ET, and something else I think. There are supposed to be new attractions opening at some point (I think Shrik, Mummy, and Johny Neutron, but then, Disney has mission:space, Mickey's Philharmagic, and apparently Everest and a new movie for China slated as well - diamond horeshoe closed but may have a new show coming).


Did they also reduce the amount of food they serve while maintaining the same price?

I have no idea about the quality or quantity of food there, or if anything has changed. Frankly, I'm not sure what has changed at Disney, either.


Are their rest rooms filthy because they have cut back employee hours?

Actually, I seem to remember they closed some bathrooms at Universal.
I haven't been in a filthy rest room in Disney personally.


Have they substituted decent napkins with see-thru ones?

I have no idea about the quality of the napkins or if there has been any change. Or the toilet paper for that matter.

Have they done ANY of the things that Disney has in recent years?

By any objective standard, they absolutely have.

Is your perception based upon higher expectations from Disney in the first place? If so, I think that is a good thing and that Disney should be held to higher standard, frankly. Is it simply that the hours, etc. at Disney are more salient because more people are interested in what they are and post so much about them?

Also, remember that Universal has two parks to fill, not four, and they rely more upon local and near local visitors and less on international visitors than Disney does. If you honestly believe that there has not been a drop in international tourism following 9/11 and through the war, I don't know what to tell you.


I've been to US/IOS and Sea World - and definitely felt as though I received my moneys worth.. Can't say the same for Disney..:(

Well, you should obviously spend your money where you are happy spending it, just like anything else.

DR

primax
04-15-2003, 09:16 AM
Originally posted by disney1990
Yes, everybody should be concerned about SARS, but not paniced.

How many of you would get a SARS vacination if it were available tomorrow?

How many of you got a flu shot this past winter?

36,000 people in the United States alone dies from the flu last year.

Just something to think about.

Nice Point! I was a little concerned about going to disney because of SARS but you made a good point. What do we all really know about SARS? No much for that matter I will still worry about it. The FLU? ahhhhh .... I have had the FLU 3 times in my life with no medical treatment, it can go away - will SARS do the same?

mitros
04-15-2003, 09:21 AM
:D I agree with you 100% regarding the restrooms. I rarely, if ever ,see a filthy restroom with the exception of those people that don't understand the use of indoor plumbing. I've gone in after them as well!:(

Dznefreek
04-15-2003, 08:38 PM
As for price increases, the major theme parks all raise about $2.00 per park for a one day ticket. This year, US/IOA & SW did, WDW did not. Yes you are correct, but the incidentals steadily continue to creep upward. (food, drink souvenirs, etc.)

YoHo
04-16-2003, 12:46 AM
Actually, Disney is talking about cutting the price of Soda and bottled water.

Food costs have remained constant but Portions MAY have been decreased.

Gotta talk about the few and far between silver linings you know.

goofymom23
04-16-2003, 01:01 AM
OK this is a Disney fan board, for people who love Disney not for people to put it down. Do n't blame Disney they are doing what any company would do. As for the casinos in Vegas not to many foreign travelers there mostly American, the same with most other US vacation destinations. Disney happens to be one of the few US spots where foreign travelers are a primary source of income.

Disney is great, I respect them for anticpating the world events and preparing the sharholders.

C.Ann
04-16-2003, 06:14 AM
Originally posted by goofymom23
OK this is a Disney fan board, for people who love Disney not for people to put it down. Do n't blame Disney they are doing what any company would do. As for the casinos in Vegas not to many foreign travelers there mostly American, the same with most other US vacation destinations. Disney happens to be one of the few US spots where foreign travelers are a primary source of income.

Disney is great, I respect them for anticpating the world events and preparing the sharholders.
--------------------------

"Loving Disney" doesn't mean that one has to - or should - turn a blind eye to all of the changes that began long BEFORE any of these "world events".. It's kind of like saying that you "love" your DH/DW and therefore you NEVER get angry with them, never feel disappointed in something they might have done that wasn't very well thought out, etc..

Many years ago Disney created their OWN "high standard" and it has consistently been slipping for a number of years now.. Actually it's probably the people who love Disney the MOST that really notice it because they're more aware of the "then and now" factor..

Just because you're a "fan" of something doesn't mean you need to roll over and play dead when you see that the "something" is riddled with problems..

mitros
04-16-2003, 06:18 AM
:D !00% correct!:D

leanne2255
04-20-2003, 10:18 AM
it's not stopping me from going either.......... my family and i are going May 16-18 and we can't wait ............. But i think of it this way the more people who don't go because of SARS the less crowded it is............. But i certainly hope that no body cancels thier trip because of SARS ........ You can get it any where you live. So stop worrying and just go and have fun!



Allie

mom2boys
04-23-2003, 01:49 PM
It's not SARS or the war or the threat of terrorism that is keeping my family away from WDW - it's the $$$ and the decrease in value for our vacation $. Can't justify the price of park admissions. We can justify all of the other expenses but for a family of 4 the price of hopper passes is ridiculous.

KNWVIKING
04-24-2003, 08:24 AM
"We can justify all of the other expenses but for a family of 4 the price of hopper passes is ridiculous"

I know the up-front purchase prices are high, but if you break it down to a cost per day dollar figure, do you think you can get a better bang for your buck ? I'm not trying to offend you or trivialize what yor saying, but unless you plan on spending your vacation lounging at a resort pool or on the beach, you're going to spend money on daily activities. We did 9 days at VB, bought no park passes, and at the end on the 9 days couldn't believe we spent the money we did.

KNWVIKING
04-28-2003, 05:03 PM
http://biz.yahoo.com/rb/030428/sars_usa_companies_1.html


Looks like SAR's may be causing problems for other companies. But maybe they too are just trying to blame SAR's for their mismanagement.

YoHo
04-28-2003, 05:13 PM
AMerican and United are both directly affected as they fly planes to and from china and the rest of Asia. The other companies generally simply sited SARS as an explination for general market hiccups, not a direct cause.

C.Ann
04-28-2003, 05:18 PM
I wonder why Universal, IOA and Sea World weren't included in that list? If it's having an impact on travel to Disney, you would think it would have an impact on the other parks as well - right?:confused:

KNWVIKING
04-28-2003, 06:36 PM
I did read a small blurb from a SW spokesman which basically voiced the same concerns Disney first stated. Haven't read anything from US/IOA, but I don't follow their stock.