WDW announced it is raising ticket prices on Thursday. Not that big of a surprise, they do it every year now. But Universal had a big price increase prior to the opening of WWOHP. Do you think they will try to sneak in another one to match WDW?
Let me restate it then. Every August like clockwork WDW raises ticket prices and Universal matches it. But this time Universal raised their prices earlier to take advantage of the opening of their new area, WWOHP. Just because they raised them once this year doesn't mean they can't raise them again. Do you think they will raise them again to match Disney?
I would think that Universal will not increase prices further this year since they had such a dramatic increase already this year.
From Lance @ Screamscape:
Hahahahaha, he's got a whole write up about the annual price increases. I can't believe they have almost doubled since I lived there in '99.
Why not? That's 11 years. If tickets were $50, and you increased them by 6% per year, it would take 11 years or the price to double. So 6% is too high? Cost of living increases are approx 3-4% - Disney does have employees to pay. So the other 2-3% is profit/increased operating expenses/etc. Considering how much Disney has grown/added over the last 11 years and how much more there is to do, I'd say the value of that increase in entertainment options is worth at LEAST a 2-3% increase in prices per year.
Why not? That's 11 years. If tickets were $50, and you increased them by 6% per year, it would take 11 years or the price to double. So 6% is too high? Cost of living increases are approx 3-4% - Disney does have employees to pay. So the other 2-3% is profit/increased operating expenses/etc. Considering how much Disney has grown/added over the last 11 years and how much more there is to do, I'd say the value of that increase in entertainment options is worth at LEAST a 2-3% increase in prices per year.
And I think it's absurd. Truly and utterly ridiculous. What have they added in the past 11 years? Soarin' and TSM? One of which is simulator housed in an already existing pavillion. What else? Oh, yeah, EE and Mission Space.
Is it worth a little more, sure, is it worth twice what it was 10 years ago - not in the least. They are approaching a point where there will be a dramatic backlash against them, I'm not sure if it will be at $90 or $100, but at least by $100 their attendance will plummet.
I don't know exactly what's been added in the last 11 years, but my instinct tells me it's much more than just the few attractions you listed. There are new resorts for example. Perhaps a Disney fanatic can chime in with an exact list of everything added since 1999.
As far as attendance plummeting when the cost gets above a certain threshold - I respectfully disagree. As an example - I am an eye doc. The fee for my routine eye exam is double today compared to 10 years ago. I raise fees yearly for various reasons, yet every year I see more patients, and i have never been busier.
Point is - people pay for percieved value. I can raise my fees because my patients are happy and the feel the price is worth the quality of care and experience that I provide. Similarly, Disney can continue to raise prices as long as most people percieve the experience as worth it. As long as they continue to deliver a high quality, service oriented experience, raising fees incrementally over the years will not hurt attendance.