It's greed, but it's OUR greed. We demand bigger and better and Disney listens.
And Disney is giving it to us. We want Star Wars Land. We want Cars Land. We want spectacular shows and parades and holiday extravaganzas and we're getting it all! If you think we don't want this, well I beg to differ. Look at park attendance over the past 15 years. We, as a collective of millions of visitors, are attending in skyrocketing numbers as a result of Disney's continuous ability to provide world class entertainment and expanding attractions. We're getting what we want, and attending more often as a result.
You can say that you don't want all this new stuff and you liked
Disneyland just the way it was (so you can keep your low ticket prices), but doing this leads to stagnation. Other parks are doing amazing new things but poor Disneyland is becoming a time capsule. In short time, ticket sales drops. Attendance drops. People will spend less days in Disneyland and more days elsewhere because 'elsewhere' is a lot more interesting. Light crowds sound lovely, but it indicates the company is eroding from the inside.
Somewhere along the line people are led to think that profits are greedy, but Disneyland
needs profits to keep the Disney magic happening. If Disney decided they would forgo profits and forgo ticket price hikes and instead, dip into assets to fund their expansions and entertainment, their stock value would plummet, and then they would nave no money at all to do anything except simply keep the doors open - and that would cease too when they stay in the red. Without profits, Cars Land never would have happened. This 60th Anniversary celebration - never would have happened. Completely forget Star Wars Land. That would be light years' out of their budget.
Stockholders are not a bunch of fat old men smoking cigars. Do you ever watch your 401k performance? Do you understand that investment companies like Fidelity invest your retirement money in portfolios founded on strong performing companies like Disney so your nest egg will grow? Do you understand that if big business took an
anti-profit approach and stopped being "greedy", the NASDAQ would tank right along with your retirement portfolio?
Profits facilitate: Renovation. Innovation. Expansion.
Profits brought us California Adventure, Paint the Night, Cars Land, WOC, new parking structures, continuous ride refurbishments.
Of course it hurts to pay these new ticket prices. No one wants to pay prices that are breaking the budget. The rising ticket prices are making me spread my trips out more. I don't like that at all! But as I see it, my trips are becoming better and better each time I'm there. Back in 2005, I really loved Disneyland. But last year, my Disneyland vacation was
absolutely phenomenal, making the 2005 Disneyland vacation pale by comparison. I can't go as often, but I'm getting so much more (than before) out of my trips!