Bean Counters and shortsightedness

[Smugpugmug]

DLP charges €6.50 for popcorn. Buy a refillable bucket and refills are…. €6.50. lol

Everything is expensive people.

Exactly why I'm off to TDR next year. Tickets are like $70.

 

[fatmanatee]

this is exactly what I’m talking about. “Disney is charging us too much” Disney then addresses the issue. Still not happy. The only way they could win is to start paying people for parking at their hotels in this case

They addressed the parking issue and the response was generally very positive. Guests still have other legitimate gripes.

 

[HokieRaven5]

People are still banging down the doors to go to Disney parks. People on these boards don’t speak for the vast majority of Disney goers. Welcome to the 1%

Right now the Domestic Parks have a slower attendance growth where the International Parks are bouncing back from closures.

First 9 months of the current Fiscal Year Domestic attendance is up 6% vs the prior year, and Hotel Occupancy is at 87% vs 82%.

International parks attendance is up 64% and hotel occupancy is at 71% vs 53%.

 

[Aluminum Falcon]

They addressed the parking issue and the response was generally very positive. Guests still have other legitimate gripes.

Not saying they don’t have things they can improve on, my thought on the matter primarily focused on what I’m seeing in these boards. Not the general consumer

 

[clarker99]

Disney used to charge per ride, and at a premium for better rides. The point is, things change over time. Everything becomes more expensive, it can’t be that every time Disney raises prices it’s Nickel and dimming, it’s getting a little old to keep hearing it on the boards.
Disney offers the least expensive line skipping tool on the market, but because it isn’t free any longer people get up in arms. I would challenge everyone to tell me something that hasn’t gone up in price over the years. You’ll be hard pressed to find it, and most have probably out paced inflation since everyone seems to be all over that as well

People just love to complain... and still go Disney.

Meanwhile, DIS' stock price is @ 9 yr lows. Something ain't being done right. Or is it that investors and customers are just too stupid to know better?

keep moving them goal posts. The Parks are not the problem in terms of the stock price. DMED is a mess.

Right now the Domestic Parks have a slower attendance growth where the International Parks are bouncing back from closures.

First 9 months of the current Fiscal Year Domestic attendance is up 6% vs the prior year, and Hotel Occupancy is at 87% vs 82%.

International parks attendance is up 64% and hotel occupancy is at 71% vs 53%.

FY23 will be the best year ever for DPEP. Domestic parks are already coming down from post Covid highs. Cruises and International are cooking with gas right now.

international parks just posted their best quarter ever by 2.25x.

 

[Aluminum Falcon]

Meanwhile, DIS' stock price is @ 9 yr lows. Something ain't being done right. Or is it that investors and customers are just too stupid to know better?

Disney parks have not been a part of the issue with the company. Streaming and misses at the box office have been killing the stock price. You are aware that the stock price isn’t indicative of a companies overall health, right? Just look at GameStop or AMC haha. Disney will be just fine, because idiots like me keep feeding them.

Just as an aside, with the talks of Disney partnering with Amazon for sports streaming, and having their own sports book, on top of the cuts they’ve made, and Disney+ finally headed for the black, I don’t think the stock price will stay down much longer, I could be dead wrong, it just looks like they’ve been making a lot of right moves lately.

 

[wabbott]

People just love to complain... and still go Disney.

keep moving them goal posts. The Parks are not the problem in terms of the stock price. DMED is a mess.

FY23 will be the best year ever for DPEP. Domestic parks are already coming down from post Covid highs. Cruises and International are cooking with gas right now.

international parks just posted their best quarter ever by 2.25x.

I applaud your Pixie Dust attitude. I sincerely hope that it comes to pass, for the sake of the stockholders and the future of the company.

 

[clarker99]

I applaud your Pixie Dust attitude. I sincerely hope that it comes to pass, for the sake of the stockholders and the future of the company.

Lol. This isnt pixie dust talk. DPEP is having its best year ever. That is a fact.

 

[wabbott]

Lol. This isnt pixie dust talk. DPEP is having its best year ever. That is a fact.

Yes, it is. And if you look at my posting history for forever, I've always said parks and experiences was the money-maker.

And its also why I think trying to keep DMED propped up on the backs of parks guests is a beyond stupid business strategy.

By gouging and nickel and dimming guests of the parks. OOPS! There I said it again.

 

[Aluminum Falcon]

Yes, it is. And if you look at my posting history for forever, I've always said parks and experiences was the money-maker.

And its also why I think trying to keep DMED propped up on the backs of parks guests is a beyond stupid business strategy.

By gouging and nickel and dimming guests of the parks. OOPS! There I said it again.

So many people tend to retreat to this lately when presented with facts, it’s just such a simple argument, naturally the parks are only doing well because Disney is milking them of all their worth. I do not believe the company operates this way, and there is nothing you can point to that would make your point (that’s what makes it such a convenient retreat).
There is a few problems with that logic, one being that the parks margins are pretty flat year over year, (could it mean that Disney is charging more to cover higher costs) so if Disney was trying to boost its other markets they’re doing a piss poor job. Two being that people are still lining up to pay to go to the parks, if Disney was “gouging” the consumer would hold them accountable, after all vacations are a luxury and no one is forcing anyone to go to Disney.

I understand that people are upset with higher prices, I’m never going to be thrilled to pay more either, but please stop riffing with no merit behind the argument you’re making

 

[wabbott]

So many people tend to retreat to this lately when presented with facts, it’s just such a simple argument, naturally the parks are only doing well because Disney is milking them of all their worth. I do not believe the company operates this way, and there is nothing you can point to that would make your point (that’s what makes it such a convenient retreat).
There is a few problems with that logic, one being that the parks margins are pretty flat year over year, (could it mean that Disney is charging more to cover higher costs) so if Disney was trying to boost its other markets they’re doing a piss poor job. Two being that people are still lining up to pay to go to the parks, if Disney was “gouging” the consumer would hold them accountable, after all vacations are a luxury and no one is forcing anyone to go to Disney.

I understand that people are upset with higher prices, I’m never going to be thrilled to pay more either, but please stop riffing with no merit behind the argument you’re making

"The beatings will continue until morale improves..."

 

[clarker99]

"The beatings will continue until morale improves...

$1 candies used be $0.50 which used be $0.25 which used to be $0.10 which used to be $0.05 which used to be $0.01… The kids will revolt against candy any day now.

 

[New Mouse]

Disney used to charge per ride, and at a premium for better rides. The point is, things change over time. Everything becomes more expensive, it can’t be that every time Disney raises prices it’s Nickel and dimming, it’s getting a little old to keep hearing it on the boards.
Disney offers the least expensive line skipping tool on the market, but because it isn’t free any longer people get up in arms. I would challenge everyone to tell me something that hasn’t gone up in price over the years. You’ll be hard pressed to find it, and most have probably out paced inflation since everyone seems to be all over that as well

Creating a problem, making that problem worse and then selling a solution to it is not something that should be applauded because it's cheapest.

They are nickel and diming in the parks. They haven't achieved sky high profits via innovation much recently.

 

[Aluminum Falcon]

Creating a problem, making that problem worse and then selling a solution to it is not something that should be applauded because it's cheapest.

They are nickel and diming in the parks. They haven't achieved sky high profits via innovation much recently.

I guess it depends on your definition of a problem. I understand people just want something for free, that’s all this is about. What is free today will remain free in perpetuity or else.

Small example from my world, my company used to offer freight allowances on certain products to entice customers to purchase, as some of those products became more popular we removed the freight policy because the product was now popular and self sustaining, so no discount needed to sell it. Not one customer called us out on nickle and dimming them. It’s just how business works

You did mean except for all the additions and innovation that they recently added to the parks that help with bottom and top line, right?

 

[New Mouse]

I guess it depends on your definition of a problem.

Accept for all the additions and innovation that they recently added to the parks that help with bottom and top line, right?

Intentionally running your rides at a lower capacity in order to make your upsell product look better. That's the definition of creating a problem. It was never a problem in the past as fastpass was free so Disney didn't have to artificially inflate the wait times. Now there is actially less financial benefit to running more efficiently.

 

[Aluminum Falcon]

Intentionally running your rides at a lower capacity in order to make your upsell product look better. That's the definition of creating a problem. It was never a problem in the past as fastpass was free so Disney didn't have to artificially inflate the wait times. Now there is actially less financial benefit to running more efficiently.

I don’t think that’s happening, what are you basing that on. Disney also offers genie at daily rates depending on crowds, so either they are being idiots about it, or the point you just made is completely merit less. Again pontificating doesn’t make you right

 

[clarker99]

Intentionally running your rides at a lower capacity in order to make your upsell product look better. That's the definition of creating a problem. It was never a problem in the past as fastpass was free so Disney didn't have to artificially inflate the wait times. Now there is actially less financial benefit to running more efficiently.

please post the link to the article where the analysis was done. Thx

 

[wabbott]

2/4/23 - Q1 FY2023 earnings webcast

https://thewaltdisneycompany.com/app/uploads/2023/01/q1-fy23-earnings-transcript.pdf

Iger: "And in fact, if you looked at our results this past holiday season, we actually reduced capacity, certainly improved guest experience, and we're able to maintain profit – not just profitability, but a very, very successful or robust bottom line. We're going to continue to look at opportunities like that, which is essentially to simply get more creative in terms of managing the capacity that we have."

 

[HokieRaven5]

2/4/23 - Q1 FY2023 earnings webcast

https://thewaltdisneycompany.com/app/uploads/2023/01/q1-fy23-earnings-transcript.pdf

Iger: "And in fact, if you looked at our results this past holiday season, we actually reduced capacity, certainly improved guest experience, and we're able to maintain profit – not just profitability, but a very, very successful or robust bottom line. We're going to continue to look at opportunities like that, which is essentially to simply get more creative in terms of managing the capacity that we have."

That’s attendance, not attraction capacity. They’re admitting they intentionally operated at 80% of their maximum attendance.

 

[wabbott]

https://www.ocregister.com/2023/01/...-rides-since-genie-was-introduced-data-shows/

Disneyland rides see longer lines since Genie+ launch, data shows

Average wait times increased 20% from 2019 to 2022 at Disneyland and Disney California Adventure, according to data collected by WDW Stats.

By Brady MacDonald | bmacdonald@scng.com |
PUBLISHED: January 23, 2023 at 2:04 p.m. | UPDATED: January 24, 2023 at 10:18 a.m.