those ears the ones that make you feel unconfortable are epic mickey ears , look up the epic mickey logo. BTW I would love to join the team an on air talent because you all make my day the joy you carry about theme parks is really a gift. I would love to connect keep being amazing
Until you walk in their shoes and can produce a cheaper product then we have to believe that Disney knows what their doing to have taken on a load to run a theme park of WDW size… Meetings have to include brainstorming to keep costs under control, incorporate new costly rides, add safety precautions , its just mind blowing of the cost
It sure costs a lot of money to run a theme park, but somehow Disney-level parks in Europe like Europapark (70 USD per adult) or Efteling (55 USD per adult), and even Disneyland Paris itself (85 USD per adult), have ticket and hotel prices at a fraction of the cost of the US Disney Parks and still make a profit. And in addition to the cheaper tickets, they don't have any purchaseable addons like the almost required line skipping in US parks - virtual waiting lines are mostly free in European parks and direct line skipping just isn't a thing. Merch is also much cheaper and less relevant. So the ticket price plus a little food money really is all the parks get and that is still enough to cover their full operation - and the companies behind the parks still seem to make good money. Something doesn't add up here, I disagree with the statement in the video that ticket prices alone can't run a park - my guess is that Disney is just greedy to an extreme and charges whatever they can get away with, regardless of the actual underlying cost of running the parks or hotels. And people in Europe are not willing to spend car money on a theme park visit, so Disney (and others) are just not able to raise their prices in Europe sky high if they want to retain their customer base. You won't find many people in Europe willing to go into debt for a theme park, while in the US that seems to be the norm unfortunately. In the end, the consumers decide what can be charged.
Tokyo disney isnt run by disney and has like $65 tickets and is widely considered the best maintained disney park, and has some of the best new additions of any disney park
@Bupe_Daka well both US parks are located in states that are warm year making them more desirable to viste year round. This make more demand and one can charge more.
@@kevinkrupski246 I understand convenience in theme parks like with close hotels, but I just don’t believe that much of a price difference is justified
the only true way to hack disney world value is to move nearby and get an annual pass. I paid about 450 for the year. I go 3-5 times a week, and never buy merch. I'm their worst nightmare lol
Several years ago I was a PhotoPass photographer on Hollywood Boulevard. I spoke with a guest who worked for Disney Energy Services. I asked if the Resort electric bill was a million dollars per day, and her response was “MORE”. This was before the the second solar plant was operational.
Well you can blame the Disney Superfans for it. These fans are willing to spend much more than your average guests. For Disney it is more profitable to cater to these fans, then to make a good experience to everyone. You could compare Disney to a pay to win game. These games are designed to make as much money as possible from whales, a term for these high spending players. While the rest of the playerbase get a much worse experience. For Disney these superfans are a goldmine. You have a target demographic that spends a lot of money, buys overpriced merchandize and is totally loyal to the brand.
Everything in this country from cars to hotels to restaurants to theme parks is pay to win. The phrase “The rich rule over the poor” is as old as the bible….if you believe in all that.
People already complain the parks are far too crowded. Lower the price and they become even more crowded. Supply and demand. So far people are willing to pay what they're charging.
It was never this bad under Michael Eisner's administration back in 2000 on average a single day ticket at Disneyland for an adult was $43 ($78.78 today) *_UNDER $80_* *_who would not wanna pay under $100 to go to a theme park especially any of the Disney parks?_* Tokyo Disney is more reasonable with their ticket prices than the American parks *(but that might change with reports of raising tourist taxes for international guests and tourism in Japan in general)*
Not to defend Disney, but the average salary in Tokyo, the richest part of Japan, is only about $39K, versus $65K for the average American. $65 for a park ticket is much more expensive for a Japanese family than American - we're just richer, and things cost more in a richer society.
@@swine59238 but something of that phenomenal quality at both Tokyo Disneyland and Tokyo DisneySea and they charge reasonable pricing for tickets is still dumbfounding to me if Bob Iger and the WDC took full control of Tokyo Disney from the Oriental Land Company their greedy little peabrains would *_RAISE PRICES ON EVERYTHING TO HIGH HEAVEN just like they've done to the American parks!_*
@@swine59238 but something of that phenomenal quality that is both Tokyo Disneyland and Tokyo DisneySea and they charge reasonable prices for tickets is dumbfounding to me if Bob Iger and the WDC got full control of Tokyo Disney and took it away from the Oriental Land Company *_THEY WOULD RAISE PRICES ON EVERYTHING TO HIGH HEAVEN_* just like they've done to the American parks and considering the meticulous love and care that was put into Tokyo Disney it would probably be far worse then we've ever seen before
I have watched all the videos about the Disney brand value from Poseidon Entertainment and I agree with their overall conclusion that it is getting closer to the point where people say the price for the experience is not worth it any more.
The prices at Disney Parks in the U.S. are completely outrageous! I refuse to pay prices like these anymore, so I have officially stopped paying for ANYTHING that has the name Disney (or their thousands of subsidiaries on it. First and foremost is the ticket.
Something interesting is that when Disneyland opened Walt Disney actually privately owned some of the rides, the trains and other attractions as the years passed. Hence the individual purchased tickets for rides. It made for very easy accounting on how much Walt would be paid. By the 1980’s the Disney company purchased the rides from the Disney estate. And so ended the need for individual ride tickets.
@@PetalsofKristina So, I can totally agree with that. Nobody is arguing that the profit margins are astronomical. If course, the business model obviously is that if you aren’t local, and want those memories professionally produced, you’ll fork over the money for it. It’s the memory as to where the value truly lies. As well…. I would like to point out that professional photography, of this caliber, is expensive anywhere that you go. Lastly…. How much did that proprietary tech. to put the characters in the photos, as well as have the crazy zoom in videos, etc…. cost the company? 🤔🤔🤔
When I was a kid in the 80s, Disney World ran a campground. We stayed there for a week. There were outside movies of older Disney movies, canoe trips to watch the fireworks, and of course, the park itself. It was affordable and a unique experience. These days, the cost of going to Disney rivals international travel. It's just too expensive for my small family. Interesting video, though. Thanks for sharing.
"When I was a kid in the 80s, Disney World ran a campground (still does).There were outside movies of older Disney movies (still exists, at all Disney resorts actually and usually not just the older ones), canoe trips to watch the fireworks (hadn't seen or heard of this before - no comparable thing seems to still exist), and of course, the park itself (still exists)."
Honestly the way Disney's going about getting money nowadays just reeks more of greed and desperation that comes at the cost of the people who aren't able to afford the expensive perks the Disney parks have (At least in the USA.) Theme parks are expensive enough as it is especially in the current economic situation we're in now but Disney doesn't seem to get the memo that eventually it's current tactics along with decisons that are questionable at best and damaging at worst will come back to bite them in the nastiest way possible if it doesn't course correct. Especially with how other parks like Universal are going about it in a more sensible way.
Me too! Nothing better than having a little down time with a dole whip and watching the Tiki Room show. It's such a nice break from the busy park and long ride lines.
It costs 149£ for a day ticket to the magic Kingdom the park gets roughly 17,720,000 guests a year i worked that out to easily be over 2 billion USD a year just for one park and not counting special events Disney are not broke just greedy
A major part of the problem is the Disney Parks don't just support the parks. The Disney company as a whole has been draining the park Revenue to fund it's other failed ventures like Disney Plus and most of it's attempts at movies and TV shows lately.
We had an annual pass for years and once Lightning Lane started, it's never been the same. As a local, I can't buy the pass every week (nor have we ever) but I did spend money on food and merch. Once I realized every ride is basically 1-2 hours for standby, we stopped going. Disney doesn't care about us locals though.
You can't get a burger and fries for under $15 these days. Not at McDonald's or a local burger joint. I live in the south. That $15 is no longer "expensive".
In 2025 they already know they need to drop their prices or sweeten the deal with both epic universe opening and so many of their big rides closed for maintenance or reskins. Disney may be getting close to the bubble bursting or at least taking a hit
Disneyworld is also expanding 2025 with billions on it. Announce on recent D23. One of the land is zootopia and other lands (forgot the name). Consumers dont have the data disney staff have. They know whats working and out there and what keep people coming. (With live data vs us)
I'm very happy with the amount of HKDL footage there is in this video, and surprised you've lived in HK for a while too! I was very sad when FastPass got discontinued after the pandemic closures, because I sometimes collect them rather than use them but in the case of Hong Kong the early magic hour (sold at HK$199) was deemed very popular, especially when World of Frozen just opened I'm not a fan of the individual LL system (being sold at around HK$129 per person per attraction) to this point I'd rather try the lottery system that once existed at Tokyo (although it did also have its issues) I've been an annual pass/ Magic Access holder for almost 10 years now, although I've always gone for the lowest tier I think it suits my preferences, and extra ticketed events are always themed to pass member nights, an opportunity where only pass members get to enjoy the park after hours but please, bring back a proper parade Hong Kong!! (and by proper I mean Paint the Night)
Disney has much better control of getting people to stay in their ecosystem at WDW than Disneyland. We use to stay at the Disneyland resort hotels to get into the park an hour early. But since they've changed it to only 30min early and let the regular guests in at the same you're lucky to get in 1 extra ride and we don't bother with it and stay off property. As a results we don't do breakfast on property anymore either and sometimes not dinner although we always still do lunch and snacks.
The few that got to experience the Galactic Star Cruiser, and from the footage I have seen, they could have done so much with it before just scrapping it and closing it. I’m not a Star Wars fan, but there are SO MANY that are and if they did tiers of experiences and not just weekend retreats basically, they could have made dough.
It would've been interesting to hear the narrator talk about how Disney opted out of the closed loop vacation ecosystem by getting rid of Magical Express (one might even argue that an increase in hard-ticket events leads to less of a closed loop ecosystem because the day guests are not necessarily staying in the parking for those hours). That would've been interesting and more updated.
The main takeaway for me from this brilliant & well-discussed 30min video: THANK YOU DOM. SOMEBODY FINALLY CALLED OUT THOSE HIDEOUS DRIPPING WHITE EARS 😭😭😭
I really enjoy your videos. Big Fan! The one thing I felt you did not touch on is the sale of alcohol at the parks. Most alcohol drinks are marked up 20% to 30%. Disney Park😮 alcohol drinks are extremely expensive. I am guessing th mark up it 50% to 60% or more. And now Disneyland and the Magic Kingdom are no longer dry parks. Just look at all the food booths at the Epcot festivals they all have: a must try" instagrammable alcohol drink.
This is so true! I didn't even think of that but Walt wanted the parks to be dry so they would be family friendly but you can get alcohol in all the parks now. I don't know what their mark up is but I know in restaurants that it's really high so I have no doubt Disney also have huge margins.
Did you mention DVC? A system where people pay a lot upfront for the privilege to pay yearly to maintain Disney hotels and visit regularly within their point system.
Traveled from Europe to Orlando 2 years ago for Disney, among others. It was very beautiful and fun, but the most that bothered me was the Lighting Lane... It is clear that the rich who own Disney and the people who save for years are the victims... I was lucky that it wasn't that busy but my experience would have been very different if this had been. and then I would be disappointed with the expensive tickets... Take an example of the Efteling in the Netherlands or Europa park in Germany, here everyone pays 1 price, even if you are poor or filthy rich, everyone deserves a magic day....
Disney's entrance fee is a long long way from being a loss-leader. What is a standard day ticket in the US? $160 plus tax! And you may still need to pay a lightning lane pass to get on some rides.
you are correct that its not a loss leader. but it does act like one since its what trigger the other purchase, but without being sold at lost / reduce margin. I need to recheck in econ101 how those are called 😅
In y opinion, and for my money, Disney has reached that point where the product no longer justifies the cost. As a lfe-long Disney fan and attendee, I no longer feel or see the value Disney once represented. Their offerings and services are increasingly mediocre while the prices continue to outpace inflation 4X, or more. Poor business decisions have prompted most of this alongside widespread maintenance cutbacks, resulting in less than desirable experiences, let alone magical ones. No, I think they've gone too far in sentimental manipulation. They have already alienated the core consumer who has supported their legacy.
Small correction, that 60mil usd investment over 10 years is not all for the Theme Parks. It's also going into the cruise line, the Destinations program, and a few other things...
As bad the economic circumstances are here in the US, I did not realize how much worse the problems are elsewhere given how much stronger the USD has become compared to other world currencies.
The ticket prices are not negligible when compared with hotel and merchandise. On a Disney trip for a week, the park tickets are still about a third of the cost if not more. Unless you’re staying at one of their crazy expensive hotels the tickets are still very expensive
You mentioned competition from other theme parks, but the real competition is other luxury travel. If you can afford to go to Disney, you can afford to travel to anywhere else in the world or go on a cruise.
Their tactic is advertise the heck out of their brand, get children hooked on the idea that Disney is the best thing since sliced bread, then charge a ton of money with the promise that Disney World / Land is the happiest place on earth. Simple.
good premise, but lots of mistake. You should have spoken to an economist: 1) Disney doesnt loose on ticket price. demande is high enought they use price to reduce demand not increase it. That way they also ensure getting people to spend more are its their " only time" going. Park demand is higher than capacity which id why price keep increasing to reduce and filter demand. 2) premium economy is by far the bulk of airline revenue. Not business and first class.
2) He never said revenue. He said PROFIT. So premium economy might be majority of revenue, but is its margin so good it contributes to majority profit? 1) This I agree with you about. I do not think Disney has to lose money on the ticket, there is enough demand on most days.
@@kevikiru same for airline. premium economy is the bulk of airline revenu AND profit. but you are correct that I should have used both terms thank you.
Your premise is wrong. Even if the average entry cost is $100, a park that has over 20M a year (like magic kingdom), is 2B in revenue. Unless you have total brain dead leadership, even with 90% cost (which wouldn't be the case for park ops employees and products), thats 200M in profit. Even if the attractions werent in the "cost", which they should be, you'd have 200M every year, in a grossly mis-managed park, before all other revenue, to reinvest. Have a proper premise and you could come to proper conclusions.
People talk about Disney being greedy. So far the parks are still super crowded so people are obviously willing to pay their price. Supply and demand. A trip to Disney isn't a necessity.
Was the lack of backing music in this video slightly odd to anyone else? I feel certain that they typically use music under their vocals, but maybe I'm wrong....? Great video regardless!
Laziest topic in the theme park sphere. All of Disney’s prices are right in front of you. You can go or you can not go. Why aren’t we making videos about how high end resorts are “draining money” when their prices are way higher than Disney
What do you think of Disney's sneaky money making tactics?
Also be sure to head to buyraycon.com/reviewtyme to get 15% off sitewide!
those ears the ones that make you feel unconfortable are epic mickey ears , look up the epic mickey logo. BTW I would love to join the team an on air talent because you all make my day the joy you carry about theme parks is really a gift. I would love to connect keep being amazing
Until you walk in their shoes and can produce a cheaper product then we have to believe that Disney knows what their doing to have taken on a load to run a theme park of WDW size… Meetings have to include brainstorming to keep costs under control, incorporate new costly rides, add safety precautions , its just mind blowing of the cost
It sure costs a lot of money to run a theme park, but somehow Disney-level parks in Europe like Europapark (70 USD per adult) or Efteling (55 USD per adult), and even Disneyland Paris itself (85 USD per adult), have ticket and hotel prices at a fraction of the cost of the US Disney Parks and still make a profit. And in addition to the cheaper tickets, they don't have any purchaseable addons like the almost required line skipping in US parks - virtual waiting lines are mostly free in European parks and direct line skipping just isn't a thing. Merch is also much cheaper and less relevant. So the ticket price plus a little food money really is all the parks get and that is still enough to cover their full operation - and the companies behind the parks still seem to make good money. Something doesn't add up here, I disagree with the statement in the video that ticket prices alone can't run a park - my guess is that Disney is just greedy to an extreme and charges whatever they can get away with, regardless of the actual underlying cost of running the parks or hotels. And people in Europe are not willing to spend car money on a theme park visit, so Disney (and others) are just not able to raise their prices in Europe sky high if they want to retain their customer base. You won't find many people in Europe willing to go into debt for a theme park, while in the US that seems to be the norm unfortunately. In the end, the consumers decide what can be charged.
Tokyo disney isnt run by disney and has like $65 tickets and is widely considered the best maintained disney park, and has some of the best new additions of any disney park
Exactly! I truly believe the US Disney theme parks keep Disney+ and other parts of the company afloat!
@@mikeywebb9598but how does it being in America make it cost more?
@Bupe_Daka well both US parks are located in states that are warm year making them more desirable to viste year round. This make more demand and one can charge more.
@@kevinkrupski246 I understand convenience in theme parks like with close hotels, but I just don’t believe that much of a price difference is justified
When the tactics become so obvious to park guests it’s not a tactic anymore
the only true way to hack disney world value is to move nearby and get an annual pass.
I paid about 450 for the year. I go 3-5 times a week, and never buy merch. I'm their worst nightmare lol
Ehh i mean you still pay and are basically fillers you keep the hype up ppl love going to crowded thing's
Several years ago I was a PhotoPass photographer on Hollywood Boulevard. I spoke with a guest who worked for Disney Energy Services. I asked if the Resort electric bill was a million dollars per day, and her response was “MORE”. This was before the the second solar plant was operational.
Well you can blame the Disney Superfans for it. These fans are willing to spend much more than your average guests. For Disney it is more profitable to cater to these fans, then to make a good experience to everyone.
You could compare Disney to a pay to win game. These games are designed to make as much money as possible from whales, a term for these high spending players. While the rest of the playerbase get a much worse experience.
For Disney these superfans are a goldmine. You have a target demographic that spends a lot of money, buys overpriced merchandize and is totally loyal to the brand.
there just objectively isn’t enough super fans to make more money catering to just them at disney world
I think we should pin our issues on the company, not the people.
Bull, their isn't enough of these so called superfans for it to make a difference.
Everything in this country from cars to hotels to restaurants to theme parks is pay to win. The phrase “The rich rule over the poor” is as old as the bible….if you believe in all that.
People already complain the parks are far too crowded. Lower the price and they become even more crowded. Supply and demand. So far people are willing to pay what they're charging.
It was never this bad under Michael Eisner's administration back in 2000 on average a single day ticket at Disneyland for an adult was $43 ($78.78 today) *_UNDER $80_*
*_who would not wanna pay under $100 to go to a theme park especially any of the Disney parks?_*
Tokyo Disney is more reasonable with their ticket prices than the American parks *(but that might change with reports of raising tourist taxes for international guests and tourism in Japan in general)*
Not to defend Disney, but the average salary in Tokyo, the richest part of Japan, is only about $39K, versus $65K for the average American. $65 for a park ticket is much more expensive for a Japanese family than American - we're just richer, and things cost more in a richer society.
@@swine59238 but something of that phenomenal quality at both Tokyo Disneyland and Tokyo DisneySea and they charge reasonable pricing for tickets is still dumbfounding to me
if Bob Iger and the WDC took full control of Tokyo Disney from the Oriental Land Company their greedy little peabrains would *_RAISE PRICES ON EVERYTHING TO HIGH HEAVEN just like they've done to the American parks!_*
@@swine59238 but something of that phenomenal quality that is both Tokyo Disneyland and Tokyo DisneySea and they charge reasonable prices for tickets is dumbfounding to me
if Bob Iger and the WDC got full control of Tokyo Disney and took it away from the Oriental Land Company *_THEY WOULD RAISE PRICES ON EVERYTHING TO HIGH HEAVEN_* just like they've done to the American parks
and considering the meticulous love and care that was put into Tokyo Disney it would probably be far worse then we've ever seen before
That's an extremely simplified way of explaining currency/exchange rates.
I have watched all the videos about the Disney brand value from Poseidon Entertainment and I agree with their overall conclusion that it is getting closer to the point where people say the price for the experience is not worth it any more.
The prices at Disney Parks in the U.S. are completely outrageous! I refuse to pay prices like these anymore, so I have officially stopped paying for ANYTHING that has the name Disney (or their thousands of subsidiaries on it. First and foremost is the ticket.
Something interesting is that when Disneyland opened Walt Disney actually privately owned some of the rides, the trains and other attractions as the years passed. Hence the individual purchased tickets for rides. It made for very easy accounting on how much Walt would be paid. By the 1980’s the Disney company purchased the rides from the Disney estate. And so ended the need for individual ride tickets.
This is really interesting
All of these backfired on them because I will never pay to go to one of their rundown US parks again.
Former corporate here…photopass makes way more than ticketing can even dream of 😏
Especially when the employees are replaced by automated boxes!
@@ReviewTymeyes! And when I started in photopass, we were making less than one poncho sale an hour (we calculated our time/pay in ponchos 😂)
@@PetalsofKristina So, I can totally agree with that. Nobody is arguing that the profit margins are astronomical.
If course, the business model obviously is that if you aren’t local, and want those memories professionally produced, you’ll fork over the money for it.
It’s the memory as to where the value truly lies.
As well…. I would like to point out that professional photography, of this caliber, is expensive anywhere that you go.
Lastly…. How much did that proprietary tech. to put the characters in the photos, as well as have the crazy zoom in videos, etc…. cost the company?
🤔🤔🤔
I think most people will still go to Disney until their favorite ride/the ride that keeps them coming back or justify the price gets removed
Yup that’s the case for us with Splash Mountain
When I was a kid in the 80s, Disney World ran a campground. We stayed there for a week. There were outside movies of older Disney movies, canoe trips to watch the fireworks, and of course, the park itself. It was affordable and a unique experience. These days, the cost of going to Disney rivals international travel. It's just too expensive for my small family.
Interesting video, though. Thanks for sharing.
"When I was a kid in the 80s, Disney World ran a campground (still does).There were outside movies of older Disney movies (still exists, at all Disney resorts actually and usually not just the older ones), canoe trips to watch the fireworks (hadn't seen or heard of this before - no comparable thing seems to still exist), and of course, the park itself (still exists)."
Honestly the way Disney's going about getting money nowadays just reeks more of greed and desperation that comes at the cost of the people who aren't able to afford the expensive perks the Disney parks have (At least in the USA.) Theme parks are expensive enough as it is especially in the current economic situation we're in now but Disney doesn't seem to get the memo that eventually it's current tactics along with decisons that are questionable at best and damaging at worst will come back to bite them in the nastiest way possible if it doesn't course correct. Especially with how other parks like Universal are going about it in a more sensible way.
Is the answer trump?😂
I love the Enchanted Tiki Room . . .
Me too! Nothing better than having a little down time with a dole whip and watching the Tiki Room show. It's such a nice break from the busy park and long ride lines.
Magic.
All i remember is getting violently sick in the enchanted tiki room lmao
It costs 149£ for a day ticket to the magic Kingdom the park gets roughly 17,720,000 guests a year i worked that out to easily be over 2 billion USD a year just for one park and not counting special events Disney are not broke just greedy
A major part of the problem is the Disney Parks don't just support the parks. The Disney company as a whole has been draining the park Revenue to fund it's other failed ventures like Disney Plus and most of it's attempts at movies and TV shows lately.
We had an annual pass for years and once Lightning Lane started, it's never been the same. As a local, I can't buy the pass every week (nor have we ever) but I did spend money on food and merch. Once I realized every ride is basically 1-2 hours for standby, we stopped going. Disney doesn't care about us locals though.
You can't get a burger and fries for under $15 these days. Not at McDonald's or a local burger joint. I live in the south. That $15 is no longer "expensive".
Disneyland Paris recently doubled the price of a salad to €12. A salad!
At in n out a double double meal with fries and a large drink is 11.80
@notlandqn Of course I'm 30 minutes away from the nearest one 😭
In Midwest you can get a QPC meal for like $8-9
In 2025 they already know they need to drop their prices or sweeten the deal with both epic universe opening and so many of their big rides closed for maintenance or reskins. Disney may be getting close to the bubble bursting or at least taking a hit
Disneyworld is also expanding 2025 with billions on it. Announce on recent D23. One of the land is zootopia and other lands (forgot the name).
Consumers dont have the data disney staff have. They know whats working and out there and what keep people coming. (With live data vs us)
I'm very happy with the amount of HKDL footage there is in this video, and surprised you've lived in HK for a while too!
I was very sad when FastPass got discontinued after the pandemic closures, because I sometimes collect them rather than use them
but in the case of Hong Kong the early magic hour (sold at HK$199) was deemed very popular, especially when World of Frozen just opened
I'm not a fan of the individual LL system (being sold at around HK$129 per person per attraction) to this point I'd rather try the lottery system that once existed at Tokyo (although it did also have its issues)
I've been an annual pass/ Magic Access holder for almost 10 years now, although I've always gone for the lowest tier I think it suits my preferences, and extra ticketed events are always themed to pass member nights, an opportunity where only pass members get to enjoy the park after hours
but please, bring back a proper parade Hong Kong!! (and by proper I mean Paint the Night)
Disney has much better control of getting people to stay in their ecosystem at WDW than Disneyland. We use to stay at the Disneyland resort hotels to get into the park an hour early. But since they've changed it to only 30min early and let the regular guests in at the same you're lucky to get in 1 extra ride and we don't bother with it and stay off property. As a results we don't do breakfast on property anymore either and sometimes not dinner although we always still do lunch and snacks.
I like the Tiki Room...just sayin'.
When he said Disney is an industry leader I burst out laughing 😂😂😂
The few that got to experience the Galactic Star Cruiser, and from the footage I have seen, they could have done so much with it before just scrapping it and closing it. I’m not a Star Wars fan, but there are SO MANY that are and if they did tiers of experiences and not just weekend retreats basically, they could have made dough.
I love the Tiki Room.
It would've been interesting to hear the narrator talk about how Disney opted out of the closed loop vacation ecosystem by getting rid of Magical Express (one might even argue that an increase in hard-ticket events leads to less of a closed loop ecosystem because the day guests are not necessarily staying in the parking for those hours). That would've been interesting and more updated.
Excellent analysis and breakdown! This is exactly my content niche and I’m very happy to have found your channel today.
Watching this in Hollywood studios while eating an impulsively bought charcuterie board is so fitting
Would love for you to do a follow up on this regarding the economics of the annual passholder program. Especially for Florida residents.
They let rich families cut in front of poor families. Walt would never have approved of that. 😢😢😢 #disneyisevil
You have no idea what Walt would've approved of. #trumpisevil
The main takeaway for me from this brilliant & well-discussed 30min video:
THANK YOU DOM. SOMEBODY FINALLY CALLED OUT THOSE HIDEOUS DRIPPING WHITE EARS 😭😭😭
Right? They look atrocious!!
2:34 Does that ferry boat look like it's taking on water?
I really enjoy your videos.
Big Fan!
The one thing I felt you did not touch on is the sale of alcohol at the parks. Most alcohol drinks are marked up 20% to 30%. Disney Park😮 alcohol drinks are extremely expensive.
I am guessing th mark up it 50% to 60% or more.
And now Disneyland and the Magic Kingdom are no longer dry parks. Just look at all the food booths at the Epcot festivals they all have: a must try" instagrammable alcohol drink.
This is so true! I didn't even think of that but Walt wanted the parks to be dry so they would be family friendly but you can get alcohol in all the parks now. I don't know what their mark up is but I know in restaurants that it's really high so I have no doubt Disney also have huge margins.
Disney has been copiously raising park ticket prices the last several years. Then they add lightning lane and now their version of Front Of The Line.
Did you mention DVC? A system where people pay a lot upfront for the privilege to pay yearly to maintain Disney hotels and visit regularly within their point system.
Traveled from Europe to Orlando 2 years ago for Disney, among others. It was very beautiful and fun, but the most that bothered me was the Lighting Lane... It is clear that the rich who own Disney and the people who save for years are the victims... I was lucky that it wasn't that busy but my experience would have been very different if this had been. and then I would be disappointed with the expensive tickets... Take an example of the Efteling in the Netherlands or Europa park in Germany, here everyone pays 1 price, even if you are poor or filthy rich, everyone deserves a magic day....
Disney's entrance fee is a long long way from being a loss-leader. What is a standard day ticket in the US? $160 plus tax! And you may still need to pay a lightning lane pass to get on some rides.
you are correct that its not a loss leader. but it does act like one since its what trigger the other purchase, but without being sold at lost / reduce margin. I need to recheck in econ101 how those are called 😅
In y opinion, and for my money, Disney has reached that point where the product no longer justifies the cost. As a lfe-long Disney fan and attendee, I no longer feel or see the value Disney once represented. Their offerings and services are increasingly mediocre while the prices continue to outpace inflation 4X, or more. Poor business decisions have prompted most of this alongside widespread maintenance cutbacks, resulting in less than desirable experiences, let alone magical ones. No, I think they've gone too far in sentimental manipulation. They have already alienated the core consumer who has supported their legacy.
Small correction, that 60mil usd investment over 10 years is not all for the Theme Parks. It's also going into the cruise line, the Destinations program, and a few other things...
As bad the economic circumstances are here in the US, I did not realize how much worse the problems are elsewhere given how much stronger the USD has become compared to other world currencies.
The ticket prices are not negligible when compared with hotel and merchandise. On a Disney trip for a week, the park tickets are still about a third of the cost if not more. Unless you’re staying at one of their crazy expensive hotels the tickets are still very expensive
You mentioned competition from other theme parks, but the real competition is other luxury travel. If you can afford to go to Disney, you can afford to travel to anywhere else in the world or go on a cruise.
The Disneyland resort makes 200,000-500,000 dollars a day on parking alone
Their tactic is advertise the heck out of their brand, get children hooked on the idea that Disney is the best thing since sliced bread, then charge a ton of money with the promise that Disney World / Land is the happiest place on earth. Simple.
21 Royal has gone up in price last year. It’s now $18K for dinner, not $15K as stated in this video.
Cheers for the update!
Love, love, love Tiki Room. Top ten attraction! We go every time we visit.
Disney really screwed up with the Star Wars land. Building it off of the new less popular content rather than the legacy.
Their inevitable downfall started when their focused changes from creativity and ingenuity to profit and greed.
My hack is that I live in a two bedroom apartment in Celebration and have an annual pass. Properly pwned. 😉
Great Job. Entertaining and Educational.
Glad you enjoyed it!
Great vid, but what is a conshumer?
Mass consumer of shoes.
How it's pronounced in English
$5.75 Churros
TLDR: by selling stuff.
No red earbu☹️dang
good premise, but lots of mistake. You should have spoken to an economist: 1) Disney doesnt loose on ticket price. demande is high enought they use price to reduce demand not increase it. That way they also ensure getting people to spend more are its their " only time" going. Park demand is higher than capacity which id why price keep increasing to reduce and filter demand.
2) premium economy is by far the bulk of airline revenue. Not business and first class.
2) He never said revenue. He said PROFIT. So premium economy might be majority of revenue, but is its margin so good it contributes to majority profit?
1) This I agree with you about. I do not think Disney has to lose money on the ticket, there is enough demand on most days.
@@kevikiru same for airline. premium economy is the bulk of airline revenu AND profit. but you are correct that I should have used both terms thank you.
15 thousand dollarydoos!
Your premise is wrong. Even if the average entry cost is $100, a park that has over 20M a year (like magic kingdom), is 2B in revenue.
Unless you have total brain dead leadership, even with 90% cost (which wouldn't be the case for park ops employees and products), thats 200M in profit.
Even if the attractions werent in the "cost", which they should be, you'd have 200M every year, in a grossly mis-managed park, before all other revenue, to reinvest.
Have a proper premise and you could come to proper conclusions.
Well-presented, intelligent and informative. Thanks! :)
People talk about Disney being greedy. So far the parks are still super crowded so people are obviously willing to pay their price. Supply and demand. A trip to Disney isn't a necessity.
Was the lack of backing music in this video slightly odd to anyone else? I feel certain that they typically use music under their vocals, but maybe I'm wrong....? Great video regardless!
Laziest topic in the theme park sphere. All of Disney’s prices are right in front of you. You can go or you can not go.
Why aren’t we making videos about how high end resorts are “draining money” when their prices are way higher than Disney
Wait so 100 ticket is not money they profit from
Raycon or whatever it's called is trash. stick to Audio Technica and Soundpeats
@mattdaaamon True! It's a classic scam