Yeah, but on the opposite side of that, it brings in little to no additional revenue, whereas the AC brought in money both from the cover charge and from the ridiculously overpriced drinks.
The Lights of Winter may not have directly driven sales in a manner in which was easily calculated or in a manner that was able to be sifted out via a survey, but it did add revenue.
Our decision to stay at the Yacht Club, was largely driven by our love to Epcot's holiday decorations at night, aka the LoW. Our plans were to enjoy evenings at Epcot. Our plans, of course, have changed now since the photos of that area, look depressingly generic and unmagical this year.
The loss of those ADR's well, let me just say that it's too darn late to make changes to dine elsewhere for a TS meal, so Disney lost revenue there.
Also, there is a reason why there are gift stores at the end of every possible ride. Because when a guest is having a good time, they spend more. They want to buy stuff to remember that good time. Well, I can see that our spending on our Epcot day is going to be rather diminished, because the best part of the park at the holidays is gone and frankly, I don't need a sad reminder of that sitting around collecting dust.
Bigger picture loss...
I have a solo trip booked in March. It is being cancelled. My partner and I had decided a couple of years ago that the holidays just didn't seem right unless we went to WDW. There will be no holiday at WDW trip next year, unless Disney decides to stop these cuts and bring back the magic.
So, those LoW that were not put up this year, they are costing Disney far more money than they can ever imagine. Don't tick off your loyal fans. This frog is tired of being boiled.