Posted
Analysts from Merrill Lynch say that Disney's theme park division will see sustained decreases in revenue over the next few years due to recession and the war on terrorism. They draw parallels with the trends surrounding the Persian Gulf War a decade earlier, where the parks had several slow quarters.
Read more from AP via the Gainesville Sun.
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Jeff - Webmaster/Admin - CoasterBuzz.com, Sillynonsense.com
"As far as I can tell it doesn't matter who you are. If you can believe, there's something worth fighting for..." - Garbage, "Parade"
Did you know that the retail sales were higher this year for November than last year? But the stock market falls since these companies "didn't meet their expectaions"
This info in the article is just not well researched. the parks in the orlando are twice of what they were back in 91, and each one plays its part in increasing visitors. theres more to see and do and people stay down there longer and spend more cash.
However, i wonder if he analized the fact that visitors from other countries may be a little more cautious before flying over here.
I am befuddled at the cost of a single day admission at any park these days. Why, CP, SFWOA and PKI are all $42 this year (see other post on buzz regarding this.) That is astronimical.
When PKI opened in 1972, admission was $6. That means in 30 years the admission price hasincreased to 6 times the original cost! Using that logic, in 2032 admission could potentially be $252.00 per person!
Yikes!
Shaggy
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Shaggy
A.K.A. John K.
*** This post was edited by Shaggy on 12/18/2001. ***
In 2032, folks like me will say things like "I remember with Disney's California Adventure opened - it only cost $48! Then again, they only had a third of the rides..."
Let me rephrase...relatively cheap. Compared to going to Hawaii or the Bahamas. I think folks will be doing a lot more "domestic" vacationing now...which turns tourism dollars inwards...towards places like Disney World or Disneyland...and especially towards local parks
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"I'll bet that thing hits 5 Gs going through that loop.....faaar ooouut!"
Movies - $8.00 each. Family of four - $32.00. (2 hours of fun)
NFL - $30 each (probably low). Family of four - $120.00. (3 hours of fun...unless your from Cleveland)
U2 Concert - $65 each. Family of four - $260.00. (2-3 hours of fun.
Cedar Point - $42 each. Family of four - $168.00. (12 hours of fun)
Still a good deal compared to other types of entertainment out there.
NFL - $30 each (probably low). Family of four - $120.00. (3 hours of fun...unless your from Cleveland)
Unless you are from Green Bay where it is $250 a person, family of four, $1000 and 3 hours of fun not including the 4 hours out in the parking lot getting drunk, eating brats and freezing your butt off. That is if you can get tix from a broker 'cause you aint getting them from the box office.
Some things also not factored into the above comment though for amusement parks is the expensive parking, the expensive food, and if it is Cedar Point, the fact that they charge you a buck if you want a plastic bag at one of the shops<G>
Cheers,
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Bob Hansen
"Excuse me while I kick the sky!"
kickthesky@hotmail.com
Personally, I don't think that Orlando trips are all that expensive. The key is that you don't pay gate for anything. There are too many packages and deals out there to do that. Try any travel agent, or even online at a place like www.swavacations.com. I did my IAAPA trip for less than $500, including airfare, hotel and rental car, for three nights.
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Jeff - Webmaster/Admin - CoasterBuzz.com, Sillynonsense.com
"As far as I can tell it doesn't matter who you are. If you can believe, there's something worth fighting for..." - Garbage, "Parade"
You are right. I did not take into account parking, food, and miscellaneous expenses. But, how much do you pay for parking at a concert, stadium, etc? How much is a box of popcorn (stale I might add) at your local theater?
In Miami, it is $20 to park your car at a Dolphins game. A beer at any stadium would set you back at least $4.25. To get a shopping bag at Sawgrass Mills mall, you'll pay $1.00.
The average price of a gallon of gas down here is probably about $1.16. On the turnpike the other day it was $1.29. You can drink free water at just about any amusement park, fast food chain, etc but it you want bottled water, it will cost you.
What I am saying is it is easy to point to the parks and say they overcharge but if you sit back and take an objective look at the entertainment industry as a whole...I think you will find that the parks are in line and in some ways cheaper than other common forms of entertainment.
It seems to me Disney anticipated this months ago and has already responded with layoffs & some service consolidation. I think all destination-type amusement parks will be hard pressed to match attendance numbers from the past few seasons.
But the fact remains that admission to the Florida parks are OBSCENE. For the price of getting the family in USF for 3-4 days, I could run to a SF park (other than SFGAM) for season passes and still have enough left over to hit PCW for another family season pass--thanks to the exchange rate. That's just sick.
-'Playa *** This post was edited by CoastaPlaya on 12/19/2001. ***
The parks won't admit this but during orientation at Disney we had a heated debate about park prices (and this was in 1992). The Disney trainer said straight out that the prices are high because there are some people who they don't want coming into the parks. It might ruin the family atmosphere. Now I don't know if he was referring to races, youths, or what not but the point was clear. Needless to say, tempers started to flare a bit amongst some of the more opinonated college kids and they finally had to cut off the debate.
If the parks draw enough guests at the admission prices they charge, then they must be satisfied.
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