This is what I found on FOXNEWS.COM:
Disneyland didn’t just feel emptier than usual this summer. It was.
While summer is typically known for drawing huge crowds to Disneyland in California, reports of the park appearing to be emptier than usual surfaced in early July. This was despite the opening of the new Star Wars: Galaxy’s Edge land.
During a recent earnings call, Disney CEO Bob Iger commented on the drop in park attendance and the impact of Galaxy’s Edge, Yahoo Finance reports. Based on his comments, several factors played a role in fewer people visiting the park than expected.
According to Disney, attendance at the company’s domestic parks was down 3 percent in the third quarter, although “per capita spending” was up 10 percent and occupancy at on-site hotels rose two percentage points. According to him, expectations of overcrowding likely caused guests to reconsider their vacations. Iger claimed, “Some people stayed away just because they expected that it would not be a great guest experience.” Another factor, he theorized, was the increase in cost associated with visiting Disneyland.
Since local hotels expected a “huge influx” of visitors, many of them raised their prices in response. “So, it simply got more expensive to come stay in Anaheim,” he said. “In addition to that, we raised our prices, we brought our daily price up, so if you think about local visitation we brought the price of a one-day ticket up substantially from a year ago.”
He also mentioned that Galaxy’s Edge opened with only one ride, with another ride set to open next year.
Christine McCarthy, the senior executive vice president and CFO, claimed that the decline in attendance at Disneyland Resort was “primarily driven by lower annual passholder visitation as we managed demand for the first few weeks after opening Star Wars: Galaxy’s Edge in order to maintain a high level of guest satisfaction.”
Information provided by FOXNEWS.COM.
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Done with Disney. They don’t meet my Christian standards anymore. Won’t expose my family to their new standards. They caved into worldly standards.
949-582-2430 fax
949-582-3680 ofc
Dale
Greed is what caused a decline in attendance. Disney thought they had something so special they could charge everyone considerably more for one day pass to the park. To add insult to injury so did the local hotels think because there was going to be such a huge demand they could raise their prices as well. People only have so much money to spend for their vacations. Serves them right. I’m at Disney stockholder and I don’t like the idea of possibly my stock going down because of Disney‘s over projection. But they need to get back in line with reality. They don’t have something so spectacular that people are going to empty their bank account to experience a Disney adventure. Mr. Disney would be rolling in his grave if he knew how his family amusement park is being used to line the pockets of the CEOs. I’m sorry but they are making millions of dollars on the back of the people… people that just want to have a fun day with their family. It’s not worth breaking the bank over. We used to be annual passholders until we couldn’t afford it anymore. Have not been back to Disneyland sense. All I can say is shame on all the Disney execs. Looks like you’re out priced yourself.
Shame on you Mr Igor… hopefully this is a lesson learned.
Greed is what caused a decline in attendance. Disney thought they had something so special they could charge everyone considerably more for one day pass to the park. To add insult to injury so did the local hotels think because there was going to be such a huge demand they could raise their prices as well. People only have so much money to spend for their vacations. Serves them right. I’m at Disney stockholder and I don’t like the idea of possibly my stock going down because of Disney‘s over projection. But they need to get back in line with reality. They don’t have something so spectacular that people are going to empty their bank account to experience a Disney adventure. Mr. Disney would be rolling in his grave if he knew how his family amusement park is being used to line the pockets of the CEOs. I’m sorry but they are making millions of dollars on the back of the people… people that just want to have a fun day with their family. It’s not worth breaking the bank over. We used to be annual passholders until we couldn’t afford it anymore. Have not been back to Disneyland sense. All I can say is shame on all the Disney execs. Looks like you’re out priced yourself.