Typically, the systems require an expiration date as a matter of process. As a result you end up with an arbitrary date in the future that you hope never becomes an issue. Should it be an issue, it will get re issued at that time.
Some states lost property laws require expiration as well. So while it technically may have a systematic expiration date, it's likely a non issue. It won't likely be an issue with 99% of the purchasers anyway.
Typically, the systems require an expiration date as a matter of process. As a result you end up with an arbitrary date in the future that you hope never becomes an issue. Should it be an issue, it will get re issued at that time.
Some states lost property laws require expiration as well. So while it technically may have a systematic expiration date, it's likely a non issue. It won't likely be an issue with 99% of the purchasers anyway.
I know 2030 is 15 years away but there are people who stock up on non expiration tickets to fight the yearly price increases, for example I have bought several multiple day non expiration tickets at will call that I haven't picked up yet that I bought a few years ago and I still have 4 days left on my current ticket.
Disney used to have resort beverage mugs that you could buy then bring back year after year for refills ... Then when the rapid refill computerized mug program came out, Disney said those old "forever" mugs were only meant to last until that program ended, not until forever. So I have some skepticism about what the term "non-expire" tickets actually means to Disney.
Disney used to have resort beverage mugs that you could buy then bring back year after year for refills ... Then when the rapid refill computerized mug program came out, Disney said those old "forever" mugs were only meant to last until that program ended, not until forever. So I have some skepticism about what the term "non-expire" tickets actually means to Disney.
There are a couple of battles within a company that would be fighting on how to do this.
The accountants generally don't like having a liability on the books if they can help it. A non-expiring ticket is a huge liability. So they put in the date to expire it off the books and reclaim the breakage as revenue. Then when person X shows up at the door with an expired 'no expiration date ticket', you make it a guest service issue and re-issue likely as a complimentary product.
Is it that big of a liability? How does a non-expiration ticket, or for that matter an expiring but unused ticket, look on the books? They've already realized the income. They are not giving up an asset when the guest shows up to use the ticket - it is a service, which at some level is not really any extra cost to them (infinitesimally small at least).
I used to think of them as a liability, but the only liability they really have is having to keep records of them in the database until they actually do get used up.
Probably not true. They've already realized the revenue. Disney (probably) has a liability entry for tickets sold but not yet used. In other words, from an accounting perspective, Disney hasn't realized the entire purchase price as income. Magazines companies show a liability for prepaid subscriptionsThey've already realized the income. They are not giving up an asset when the guest shows up to use the ticket - it is a service, which at some level is not really any extra cost to them (infinitesimally small at least).
Probably not true. They've already realized the revenue. Disney (probably) has a liability entry for tickets sold but not yet used. In other words, from an accounting perspective, Disney hasn't realized the entire income. Magazines companies show a liability for prepaid subscriptions