Except MyMagic+ has boosted key customer metrics. WDW was in trouble a couple years ago as they just kept doing more of the same. Their tone deafness as an organization is disturbing. If they aren't willing to open their eyes and realize when there are problems... that's bad. Very bad. Imagineers need to realize the entire park is a story. Not just a ride or a land. The experience is part of that story.
Their design objections were well taken. It seems like they mostly got what they wanted.
Even if you give the article some validity - and I do - the part that is complete spin is the "causes" for the trouble in wdw and the results...
It's disingenuous to say the least...outright lie on the harsh side.
You want it? Here's the context:
Wdw boom period ends 97-99 with the last round of hotel openings, downtown construction, and animal kingdom...
99...tech crash...start of recession period from ridiculous 90's boom
2000...wdw has most successful
Marketing campaign ever...they avoid large impact.
2001...wdw decline period begins...before and after Labor Day.
2002-2004 Eisner tumult - post 9/11 recession bottoms out
2005 - Iger starts tenure with aggressive price increase - across the board. Notably tickets and dining plan. Iger fails to notice that parks have received hardly any investment for close to a decade.
2006-2008 housing bubble phoney money period brings loose spending...as always...increases and no investment continues.
2009-2012. Bubble bursts...revenues go down...wdw starts renovations...not because of housing bubble crash - but because of the previous 10 years of little guest draw additions.
2013 bands arrive...credit bubble and international bubble economy sets In to a ridiculous levels of spending - the masses "miss" 90's and mid 00's free spending consumer life - and AMAZINGLY...wdw is posting huge gains...similar to every travel boom in its history... At a higher price.
There Is the short summary...
And you cannot treat travel spending as a vacuum. And you can't act ask though the larger population values it as you or I do. You simply cannot.
These things are not independent.