AP sales…

[Robbie Cottam]

They may have had a good quarter, but the stock is not doing well.

Over the last year it is way down….

 

[nuhusky123]

They may have had a good quarter, but the stock is not doing well.

Over the last year it is way down….

if you find anyone up on the year let my 401k know so they can buy in

 

[Robbie Cottam]

if you find anyone up on the year let my 401k know so they can buy in

So what you are saying is not only is Disney stock not doing well but no stock is doing well….

That’s kinda like saying, “ everyone else was doing so I though it was ok”

 

[nuhusky123]

So what you are saying is not only is Disney stock not doing well but no stock is doing well….

That’s kinda like saying, “ everyone else was doing so I though it was ok”

Huh?

disney q2 was a good quarter

the entire market is down

most companies regardless of q1 q2 results are down for the year. Oil is one of the few exceptions

what part of these facts is false?

 

[Robbie Cottam]

Huh?

disney q2 was a good quarter

the entire market is down

most companies regardless of q1 q2 results are down for the year. Oil is one of the few exceptions

what part of these facts is false?

None of the facts are false, the comment I questioned was that the Disney “stock is doing well”…..

regardless, of what metric you use the stock is not doing well.
just because all stocks are not doing well, doesn't mean you can claim there stock is doing well. You can’t.

i don’t care how good the quarter was, the stock is down. Down as much as Disney’s stock is, in my book. Is not doing well….

that’s all

 

[New Mouse]

if you find anyone up on the year let my 401k know so they can buy in

They are down almost 50% the stock market isn't just about quarterly performance.

 

[AnnaKristoff2013]

I assumed in our discussions when AP sales would return that one factor was high crowd levels that were impacting park capacity. I was under the impression that capacity was being set by Disney at some level marginally below the maximum crowd level for safety requirements, like maybe 80% or 90%. I believed that park reservation unavailability was being posted when those spaces had been reserved. I also thought that once capacity was raised (by adding new venues etc) that there would be more reservations and more room for passholders. It appears I was wrong on just about everything.

There is a very interesting article based on a statistician's findings comparing crowd levels and park sell-out status. There is NOT a direct correlation. Surprised me! https://touringplans.com/blog/what-crowd-levels-are-park-pass-sell-outs-at-disney-world/

Yeah, they are definitely dynamically scaling the park reservations. If you look at touringplans historical data there are days that are as low as crowd level 5 that have been sell-outs. I’d guess they’re saving a lot of money by not having to do last minute staffing changes. They just set the cap for any given day at what they think they will have, and if they sell out, they don’t bother to staff up further for that day thus avoiding potential overtime issues, etc. It has the side benefit of forcing people to do their park reservations months in advance instead of waiting until the last minute, even for seasons that are not crowded.

 

[AnnaKristoff2013]

That will make things for DVC Members very difficult unless they are allowed to book park reservations from the resort bucket when they stay on site. (Believe that is currently the case in Florida, at least). If not, it will make the DVC annual passes perk virtually worthless as a sales tool for DVD.

Those with the most to lose here are the locals. I hope Disney finds a way to solve this without alienating a large portion of its customer base.

I don’t think there really is a separate “resort” bucket anymore. It’s a category you can pick, but it always mirrors your ticket type. (If you are a ticket holder your resort availability mirrors the day ticket availability. If you are an AP holder your resort availability mirrors the AP availability.)

I also don’t think current Disney cares about DVC owners any more then they care about AP holders. Similar to the AP, once they’ve sold you the DVC ownership they don’t really care if you use it or not. They’ve already made their money, and I’d bet they consider DVC owners as a way less profitable category of resort guests in the same way they consider AP holders to be a way less profitable category of ticket holders.

 

[AnnaKristoff2013]

The market as a whole is down and will continue to slide but dis exceeded expectations so yeah dis had a good q2 especially given Disney+ crushed subscriber numbers

DIS has lost stock price at a far greater rate than the market in general. DIS is currently the worst or second-worst performing stock in the DOW index.

 

[DeeBee3]

Yes. They are calling it "revenge travel" and it is a surge in post-covid travel. It is one of the reasons the attendance at Disney World is so high. It is one of the reasons Disney stopped selling annual passes; because people doing the travel surge are willing to do the trip anyway and pay the ticket prices without an annual pass.

Yes, I have heard about the phenomenon. Unfortunately, now that we have actual time to look at our DVC situation, we realize that instead of every other year, we will probably go once a year. Normally a pass would not be worth it (unless it was the old gold pass), but a year like this one, a pass would have been nice.

Just makes us do less park days which upsets me but there is plenty to do outside of the parks. Just a "loss" for Disney in terms of people like me. However, they still make tons of money from the day tickets and all of us shopping and dining outside of the parks.

Looks like there is no loss for Disney in financial terms, just in customer satisfaction.

 

[Ms Bibbidi]

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[Ms Bibbidi]

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[Ms Bibbidi]

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[Sandisw]

I was reading about DVC availability yesterday and something I read supports what Anna just said. I do not know these underlying facts personally, but if your experience matches, this could be concerning for DVC owners.

There is still a backlog of unused points from the period when the pandemic suppressed travel. DVC reservations are hard to find, particularly for studios. More owners are renting excess points and sometimes because of a lack of AP sales. Disney is the number one renter of DVC points. They rent the points and then sell them as a hotel room for a profit?

Disney does not care who occupies the room; an owner or a casual ticketed guest. In fact, the ticketed guest spends more in the parks.

If my facts are correct, then as to DVC owners it is more profitable for Disney to withhold annual pass sales. Another reason to suppress sales of APs in addition to throttling the local Passholder’s access to park reservations.

Disney has made it very clear that they love park reservations, Genie+ and ILLs. They made no mention of passholders but repeatedly said these things gave them the right mix of guests. They said parks performance is outstanding. They said per capital (per guest) spending is up 40% over 2019 (before park reservations). Statistically, it takes a lot of ticketed guests paying higher rates to counter a lower spending annual passholder. Do the math. If 40% is the increase, out of 58 million guests per year, how many are passholders and how many have to be ticketed. It is a whopping imbalance! So, the number of annual passholders has to be much lower than in 2019 when the daily mix was about 1/3rd. Park reservations and controlling the buckets is how they do it; not blockout calendars. Just sayin’.

Just to clarify for the rooms from DVC that Disney gets to sell for cash. Some come from points that Disney owners...they follow the same booing rules as the rest of us when using their points.

Any DVC owner who decided to trade out of the system for things like cruises, ABD, etc., take a room with them for Disney to sell for cash to pay those other divisions for the trade.

Rooms not booked 60 days from check in are sent to Disney to sell for cash to create breakage income. Owners receive some of that income and every resort reaches their cap every year. DVC can also anticipate rooms that might be there and offer them ahead of the 60 days.

There is really no way to know exactly where those rooms that you see for cash come from. But, they can't just take DVC rooms from owners and sell

 

[Ms Bibbidi]

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[CraigInPA]

Disney management feels they don't need to sell AP's at this time because the number of people coming to the parks and buying day tickets is keeping the gate count up. If attendance starts to wane, you'll see a return to AP's, whether or not the CA lawsuit is filed. It's all about key performance metrics, and you can be sure that the number of people who pass through the gates is a key performance indicator.

I was somewhat disheartened to heard that they're enamored of Genie+ and iLL. They see it as a way to prop up the admission revenue, which means it's likely going to stick around.

 

[Ms Bibbidi]

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[AnnaKristoff2013]

I was somewhat disheartened to heard that they're enamored of Genie+ and iLL. They see it as a way to prop up the admission revenue, which means it's likely going to stick around.

It's definitely going to stick around. The best we can hope for is that they fix some of the issues that severely diminish guest satisfaction without actually making Disney any more money, those issues being, in no particular order:

1. That you can purchase an ILL for a certain time and the system changes the time on you by the time you check out, often by multiple hours;
2. That you have to wake up at 6:45 am every morning of your vacation to get the best ILL$ and Genie+ selections;
3. That you can't modify a selection once picked.


Changing those three things wouldn't cost DIsney anything in terms of profitability and the first two at least would probably vastly improve guest satisfaction, so I hold out hope that they at least tinker with that. But they are never abandoning the system as a whole given how much money they are making off it.

 

[Ms Bibbidi]

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[MalorieA]

I’ll be watching closely. Had 5 trips planned starting November 2022 assuming that APs would be resuming. We bought a DVC add on contract assuming that APs would be resuming…in order to include family and take additional short trips. If APs don’t come back we’ll be renting points and doing Aulani instead. Wanted to take advantage of the time when I have one kid under 3. But no way will we pay for park tickets for every single trip