Lounge of Tomorrow - Theme Park Bookings Down

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Isaac

11-06-2008 05:32 PM

Theme Park Bookings Down

Even Mickey Mouse is feeling the economic pinch

Quote:

LOS ANGELES (Reuters) – The Walt Disney Co on Thursday said bookings at its theme parks have declined "considerably" in the last month as the global economy has soured, and its shares slid 9 percent in extended trade.

The news came as the No. 2 U.S. entertainment company reported a 13 percent decline in quarterly net income due in part to a bad debt charge. Revenue for the period, however, topped Wall Street analysts' estimates.
Disney said the advertising climate had softened the performance of its cable and broadcast networks, and that its U.S. theme parks and resorts suffered under higher labor and fuel costs.

In addition, on a conference call with analysts, executives said attendance at its U.S. theme parks is down 1 percent so far in the current quarter and that bookings for the first two quarters of fiscal 2009 are down "a little under 10 percent" from last year.

"We are seeing a marketplace that is clearly tougher than it was in fiscal year 2008 and our ability to predict is very limited." Chief Executive Bob Iger said.

http://news.yahoo.com/s/nm/20081106/media_nm/us_disney

madmonkeygirl

11-06-2008 05:34 PM

Gee i'm not surprised with the economy the way it is. I mean times are tough. If i were planning a family vacation would rather do something less expensive with the whole family than theme parks. My parents used to drag us kids camping in the summer for an entire week of roughing it. That was our vacation. No theme parks.

wolfy999

11-06-2008 06:02 PM

It sure doesn't seem like it at Disneyland...I've heard WDW is slow though.. We have been having some very large crowds during the weekends, more than normal.

They could all be pass holders, so that wouldn't help the bottom line of course.

Kevy Baby

11-06-2008 08:15 PM

Quote:

Originally Posted by wolfy999 (Post 251674)

They could all be pass holders, so that wouldn't help the bottom line of course.

If Annual Passes didn't help Disney's bottom line, they wouldn't sell them.

wolfy999

11-06-2008 08:20 PM

I agree of course, I'm one of those people that spend a lot at the Parks. But as far as bookings are concerned....the individual Ticket Sales & Hotel Occupancies may not be happening.

CoasterMatt

11-06-2008 08:20 PM

Annual Passes do help the bottom line, but in the theme park industry; main gate tickets and hotel bookings are the main source of revenue.

NickO'Time

11-06-2008 08:52 PM

Possibly more state taxes on Theme parks in the works at the state capital, might not help this either.(part of the bailout for the state deficit.)

belleh5

11-06-2008 09:00 PM

Priceline is offering $35 Hotel rooms. They keep sending me e-mails. I wonder where the hotels are?

Stan4dSteph

11-06-2008 09:03 PM

I have certainly gotten more emails from WDW about travel offers over the past few months than I recall getting at any other time.

€uroMeinke

11-06-2008 09:23 PM

Quote:

Originally Posted by belleh5 (Post 251707)

Priceline is offering $35 Hotel rooms. They keep sending me e-mails. I wonder where the hotels are?

I think those are the one's where the girls cost extra

wolfy999

11-06-2008 09:40 PM

WDW is offering "pay for 4 nights, get 3 free". The Florida Parks are really hurting.

bewitched

11-07-2008 12:29 AM

Quote:

Originally Posted by wolfy999 (Post 251712)

WDW is offering "pay for 4 nights, get 3 free". The Florida Parks are really hurting.

Ooooo, really? :Goes to check this tidbit out:

eta: the system doesn't seem to be working at the moment BUT, if you travel between
1/4/09-3/29/09, you also get a $200 gift card!

Moonliner

11-07-2008 04:49 AM

I would expect to see attendance go up while at the same time profits to go down at DLR.

In a recession people stop traveling as much, but they still want to have fun. So local parks (like DLR) can see a rise in attendance but guests buy less souvenir crap and don't stay in the hotels.

For WDW I would expect attendance to go down along with profits to a much higher degree than WDW. It could be a good time to plan a trip.

Moonliner

11-07-2008 04:51 AM

Quote:

Originally Posted by €uroMeinke (Post 251711)

I think those are the one's where the girls cost extra

Soo, umm, errr just out of curiosity exactly which hotels include the girls? Do you have their number?

Stan4dSteph

11-07-2008 08:15 AM

Quote:

Originally Posted by wolfy999 (Post 251712)

WDW is offering "pay for 4 nights, get 3 free". The Florida Parks are really hurting.

Just in case anyone is interested, Mark Goldhaber has info. on his blog here. I was thinking of going down for the Princess Half Marathon, but I'm not sure I would take off a whole week for that.

Ghoulish Delight

11-07-2008 08:27 AM

Crap, we wanted to hold off on a trip to Florida until 2010 in hopes of being around for the final space shuttle mission, but damn!

wolfy999

11-07-2008 09:01 AM

The Wolfpack owns a Travel Agency if anyone needs any help at all with booking a WDW package or has any questions.

Kevy Baby

11-07-2008 09:30 AM

Quote:

Originally Posted by wolfy999 (Post 251784)

The Wolfpack owns a Travel Agency if anyone needs any help at all with booking a WDW package or has any questions.

And they do a damned fine job! I highly recommend them :)

Kevy Baby

11-07-2008 09:31 AM

I hope that theme park bookings cheer up soon

Prudence

11-07-2008 01:07 PM

Dammit! Of all the times to be in a new job with no leave saved up. :mad:

RStar

11-07-2008 03:54 PM

Quote:

Originally Posted by belleh5 (Post 251707)

Priceline is offering $35 Hotel rooms. They keep sending me e-mails. I wonder where the hotels are?

Ranch Cucamonga

;)

Quote:

Originally Posted by bewitched (Post 251760)

Ooooo, really? :Goes to check this tidbit out:

eta: the system doesn't seem to be working at the moment BUT, if you travel between
1/4/09-3/29/09, you also get a $200 gift card!

What is the weather there like at that time?

Sohrshah

11-26-2008 05:39 PM

The weather is always lovely here in SoCal...

JWBear

11-26-2008 05:57 PM

Quote:

Originally Posted by Sohrshah (Post 255868)

The weather is always lovely here in SoCal...

Yes, when neither rain nor ash is falling...

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