Disney parks division reports massive increase in revenue and profit
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Economists have long watched Disney’s theme parks as informal barometers of consumer confidence. Historically, when budgets get tight, families cut back on trips to Disney World in Florida and Disneyland in California. That does not appear to be happening: Disney Parks, Experiences and Products reported quarterly revenue of $7.4 billion, up from $4.3 billion a year earlier, and an operating profit of $2.2 billion, up from $356 million. Disney’s 22 domestic hotels had an occupancy rate of 90 percent in the quarter, Christine M. McCarthy, Disney’s chief financial officer, told analysts on the conference call. Bookings for the rest of the year are “roughly in line” with prepandemic levels, she added, and park attendance on “many days” has exceeded 2019 levels.
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I agree with that. In the church world and school world, there was a lot of inertia against having online interaction, largely because of “it’s a pain to set up and why bother?.” The pandemic forced it and I think we’re better for it (or at least offering the option).
Hobbes: "What's the point of attaching a number to everything you do?"
Calvin: "If your numbers go up, it means you're having more fun."
Touching on the reservations as a means to "control" attendance... last night we decided we wanted to hit Epcot on Friday. I went in to get us a reservation and there were no days that we couldn't get at any park, including Magic Kingdom the same night. Whatever their threshold is for bodies in the park and staffing, they aren't there at the moment.
Jeff - Editor - CoasterBuzz.com - My Blog
Well, the reservation system was revamped yesterday (or maybe Tues) such that you can select which ticket to put your reservation on if you have multiple tickets. A couple of other things happened that probably don't matter to anyone, but I noticed that availability went from "all parks available a few days out, some available morning of" to "everything available all the time."
Hobbes: "What's the point of attaching a number to everything you do?"
Calvin: "If your numbers go up, it means you're having more fun."
None of the changes should matter. The capacity targets presumably wouldn't change.
Jeff - Editor - CoasterBuzz.com - My Blog
I would think that, but I wonder if somehow the new bucketing (i.e. lack thereof) allows for more availability. All I know is that I saw a bunch of yellow days turn to green after the change.
Hobbes: "What's the point of attaching a number to everything you do?"
Calvin: "If your numbers go up, it means you're having more fun."
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