Launchpad11B
<font color=blue>DW thinks he's a <i>Manly Man</i>
- Joined
- Nov 11, 2007
We enjoy talking about dead horses......and cake and pie......
There's always room for cake and pie.........................................and a dead horse.
We enjoy talking about dead horses......and cake and pie......
The cake is a lie.
The cake is a lie.
The cake is a lie.
I'm not offended I just think Pete is wrong.
And Kevin, if the price was out of line you guys wouldn't be paying it, but you are.
Correct.
If they wanted to Disney could decide not to do business with The DIS and just say No to the request for a private party.
Walt Disney World and the surrounding tourust area are hurting.
Hotel occupancy is at 54%
I read the very same article about hotel occupancy in the Orlando Sentinel last week. While the numbers being quoted here are accurate, the article mentioned that the hotel occupancy rate for Lake Buena Vista DID NOT include Walt Disney World.
There was no occupancy rate stated for Walt Disney World hotels.Armand
"We faced a challenging first quarter with many of our businesses impacted to various degrees by the economic downturn," said Robert A. Iger, Disney's president and CEO.
From the Disney Investors Report (2nd Quarter 5/5/2009) which can be found here:
I can't wait to see the 4th quarter results coming out very soon. It'll be interesting and yes my opinion could change, though from what I've seen on the boards about attendance levels I don't think it'll be bad. I suspect Disney to lose much more on the film side.
. . . Disney has managed to maintain the same Hotel occupancy as they did last year. . . Their occupancy is at 91%, lowering prices is not going to bring in more people.
To be fair, here is the rest of a similar quote from Bob Iger.
While the challenging global economy impacted our performance in the quarter, we remain encouraged by the relative strength of our businesses. The Disney brand continues to differentiate us in the global marketplace. Our business strategy, with its emphasis on creativity, technology and international expansion to grow shareholder value, is working. And we’ve proven our commitment to making our operations more efficient while preserving quality.
http://corporate.disney.go.com/investors/presentations/2009_07_30_q3-fy09-earnings-transcript.pdf
It would be foolish to believe that Disney has not been impacted by the downturn in the economy. However, that doesn't mean that they have failed. Of course the Disney Company has suffered. What company hasn't.....what travel/leisure company hasn't?
You quoted an article which said that Hotel Occupancy was down 54%. However, Disney has managed to maintain the same Hotel occupancy as they did last year. That itself you have to admit is an achievement.
Here is a quote from Tom Staggs which basically explains their approach
"Overall, per capita guest spending at our domestic parks came in 6 percent lower than Q3 last year. Hotel occupancy in Orlando was 91%, which is actually within about a half a percentage point of last year’s Q3, driven partly by the “Buy 4, Get 3 Free” promotion. In Anaheim, occupancy came in at 83%, down by 8 percentage points. Per room spending at our domestic resorts decreased by 9%.
Our Parks operating team has continued to do a good job of offsetting a portion of our revenue declines by reducing costs. There is a limit to those opportunities, given the relatively high volume of business we’ve been achieving."
Essentially their attendance is the same and Hotel Occupancy is the same since they have lowered their rates, yet their revenue decreased. So either they have to charge more for the rooms or charge guests more once they arive.
Their occupancy is at 91%, lowering prices is not going to bring in more people.