The way I figure it, an AP pays off on the 4th visit thru the gates.
Recent hotel discounts we received with AP rate:
$213 Club Level HRH 3/31. Normal rate was $345 I think.
$182 Garden View PBH 5/18. Normal rate $260.
It's not the entertainment rate, but you don't have to book 9 years in advance either.(sarcasm)
You also get 10% off food in parks (excluding: carts & booze) and some Citywalk places. 15% off after 3 PM, in the parks.
20% off merchandise in the parks.
Free self-parking.
As of yesterdays' e-mail confirmation from guest services....Early Entry on the days on-site guests do too.
And we get a monthly newsletter twice a year!!
Jim
*Forgot to mention the ability to have 3 Express tickets at one time too!*