Disney beats analyst expectations, domestic park income down 5%

I really don't understand why the market has been unkind to the stock. Since Iger returned, they've basically executed on everything they said they would. And the investment in cruise ships is brilliant. (Would love to see more ships equal lower fares, but probably not.)

5% decline. Sorry, Disney. I didn't make it to Festival of the Arts this year. If it is any consolation, I just bought the 4-day resident pass so...see ya real soon.

I'm opting out of renewing my weekday pass so I'll cancel you out.

The domestic park decline is not good. Looks like it’s not getting much better either. I’m doing my 70th anniversary trip to DLR this summer, I just locked in a 30% discount at the Grand. Did not expect for that to happen.

But is it bad? If the prior two years were more than that 5% (relative to pre-pandemic), then it's a pretty natural adjustment. The discounts you speak of were pretty typical back in those "normal" days.

I'm not sure how often the Grand Californian was 30% off---especially in the summer.

But I'm also not sure it's "bad" so much as cyclical.

Looks like summer was 25% last year. So, not so far off.

https://www.mousesavers.com...#table2024

I'm fairly certain that the base rates have increased at least twice in the last year, so there's also that. I recall in one of the quarterly earnings calls they said that occupancy was fairly high at WDW. I think that's what they target, filling rooms, and they discount as necessary. I've had many cheap stays over the years because of that. Cruise line, unfortunately, isn't discounting much at all, relative to a decade ago.