"Greedflation" at Disney?

[Douglas Dubh]

But demand isn't exceeding supply and prices are going up significantly faster than costs.

If we lived in a free market society, this wouldn't be possible.

That’s not the case. We’ve inflated our money supply with “quantitative easing” and excessive government borrowing and spending. They’re too many dollars chasing too few goods, partially because we are paying too many people not to work.

 

[New Mouse]

That’s not the case. We’ve inflated our money supply with “quantitative easing” and excessive government borrowing and spending. They’re too many dollars chasing too few goods, partially because we are paying too many people not to work.

But Disney isn't and almost never is sold out. Hence this is not a supply and demand issue.

The same can be said about many industries.

 

[Douglas Dubh]

But Disney isn't and almost never is sold out. Hence this is not a supply and demand issue.

The same can be said about many industries.

If they lowered prices they’d sell out more. Hence it is a supply and demand issue.

 

[New Mouse]

If they lowered prices they’d sell out more. Hence it is a supply and demand issue.

Disney parks as a whole have literally never sold out nor come close.

 

[thanxfornoticin]

Disney parks as a whole have literally never sold out nor come close.

Yea - and 'not sold out' could still mean 'more crowded than I can stand'.......

 

[drenalin'junkie]

Withlut getting in to the political side, we don't have a true free market.
We have subsidized capitalism, crony capitalism, social engineering capitalism, monopolistic capitalism, theocratic capitalism and a few more. The market has far more drivers than simple supply and demand.

 

[Aluminum Falcon]

But Disney isn't and almost never is sold out. Hence this is not a supply and demand issue.

The same can be said about many industries.

The diamond industry limits the supply that goes into the market each year to ensure prices stay high.

Disney is a little different because they can set max attendance numbers, so if they lowered the number would that work for your scenario? the argument your making just doesn't make much sense to me.

Auto makers can typically boost capacity of cars but don't, should they sell a popular car for less because they have not produced as many as they possibly can?

 

[Aluminum Falcon]

But demand isn't exceeding supply and prices are going up significantly faster than costs.

If we lived in a free market society, this wouldn't be possible.

Also what's your definition of free market, Disney is not colluding with their competition, (unless you believe in those conspiracy theories) so how are they not part of a free market. Supply and demand have nothing to do with a free market.

 

[gmi3804]

Disney is not colluding with their competition, (unless you believe in those conspiracy theories) so how are they not part of a free market.

C'mon. Who believes in harebrained conspiracies?

 

[New Mouse]

Also what's your definition of free market, Disney is not colluding with their competition, (unless you believe in those conspiracy theories) so how are they not part of a free market. Supply and demand have nothing to do with a free market.

I've got a bridge to sell you of you think Universal and Disney don't collude on certain topics regarding pricing.

 

[tom1944]

I've got a bridge to sell you of you think Universal and Disney don't collude on certain topics regarding pricing.

By collude do you mean they discuss pricing with each other or do you mean they know what the other charges and set their prices considering that information?

 

[Aluminum Falcon]

I've got a bridge to sell you of you think Universal and Disney don't collude on certain topics regarding pricing.

I highly doubt it, but more power to you for subscribing to that way of thinking. I think the two have a symbiotic relationship just because of proximity to each other (talking about the parks), but to openly collude with one another on pricing is going to far (for me). I am more in line with tom1944 in the companies being reactionary to one another.

 

[New Mouse]

I highly doubt it, but more power to you for subscribing to that way of thinking. I think the two have a symbiotic relationship just because of proximity to each other (talking about the parks), but to openly collude with one another on pricing is going to far (for me). I am more in line with tom1944 in the companies being reactionary to one another.

Specifically relating to parking, there were years where Disney/Universal would raise prices by $1, sometimes multiple times a year. Then just a few weeks later the other would follow suit. There was no actual justification for this price increase, yet they both magically had it in their operational plans for the exact same time over and over?

 

[PolymerSkywalker]

https://www.foxbusiness.com/lifesty...ineer-theme-parks-stressful-less-fun-families

 

[Aluminum Falcon]

Specifically relating to parking, there were years where Disney/Universal would raise prices by $1, sometimes multiple times a year. Then just a few weeks later the other would follow suit. There was no actual justification for this price increase, yet they both magically had it in their operational plans for the exact same time over and over?

They don't need to justify price increases if someone is willing to pay they can charge whatever they want. Heck even if no one is willing to pay they can still charge whatever they want, it's bad business but no one can stop them. Your example seems to point in the direction of a reactionary measure, but again more power to you

 

[PolymerSkywalker]

Specifically relating to parking, there were years where Disney/Universal would raise prices by $1, sometimes multiple times a year. Then just a few weeks later the other would follow suit. There was no actual justification for this price increase, yet they both magically had it in their operational plans for the exact same time over and over?

But this is really no different from gas stations in a particular area all being withing a few pennies of one another per gallon, correct?

 

[Aluminum Falcon]

https://www.foxbusiness.com/lifesty...ineer-theme-parks-stressful-less-fun-families

This to me says more about the complexity of planning a vacation to Disney over the price of admittance. Makes me wonder how many "first timers" (primarily talking about adults who went as kids, and are now bringing their kids) would skip planning a second trip because they didn't enjoy the parks the way they remember

 

[SL6827]

This here is a perfect example of a poster child for greedflation at Disney. Oliva's banana bread french toast.

Before

After

 

[Aluminum Falcon]

This here is a perfect example of a poster child for greedflation at Disney. Oliva's banana bread french toast.
View attachment 777281
Before
View attachment 777282
After

any idea of pricing prior to now?

 

[HokieRaven5]

any idea of pricing prior to now?

2018 it was Banana Bread French Toast and was $15

Now it is Banana Bread Pudding and is $16