• bitcoinBitcoin(BTC)$80,975.004.17%
  • ethereumEthereum(ETH)$2,512.704.53%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$723.604.06%
  • rippleXRP(XRP)$1.456.17%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$103.833.08%
  • tronTRON(TRX)$0.3285530.65%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.031.92%
  • HyperliquidHyperliquid(HYPE)$85.844.48%
  • zcashZcash(ZEC)$955.6215.03%
  • dogecoinDogecoin(DOGE)$0.0869944.94%
  • RainRain(RAIN)$0.0170652.14%
  • USDSUSDS(USDS)$1.000.00%
  • moneroMonero(XMR)$509.66-0.73%
  • chainlinkChainlink(LINK)$11.886.11%
  • whitebitWhiteBIT Coin(WBT)$73.903.80%
  • leo-tokenLEO Token(LEO)$9.24-0.11%
  • cardanoCardano(ADA)$0.2214467.71%
  • stellarStellar(XLM)$0.1832333.45%
  • bitcoin-cashBitcoin Cash(BCH)$255.052.29%
  • daiDai(DAI)$1.000.00%
  • CantonCanton(CC)$0.1100930.65%
  • Ethena USDeEthena USDe(USDE)$1.000.02%
  • USD1USD1(USD1)$1.000.03%
  • litecoinLitecoin(LTC)$50.891.51%
  • uniswapUniswap(UNI)$6.3010.00%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.361.76%
  • hedera-hashgraphHedera(HBAR)$0.0779392.64%
  • Global DollarGlobal Dollar(USDG)$1.000.01%
  • avalanche-2Avalanche(AVAX)$7.472.55%
  • suiSui(SUI)$0.770.07%
  • shiba-inuShiba Inu(SHIB)$0.0000051.84%
  • paypal-usdPayPal USD(PYUSD)$1.000.00%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • crypto-com-chainCronos(CRO)$0.0571804.16%
  • tether-goldTether Gold(XAUT)$4,458.420.93%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • nearNEAR Protocol(NEAR)$1.921.30%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • MemeCoreMemeCore(M)$1.04-1.83%
  • okbOKB(OKB)$109.583.64%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.14-0.12%
  • BittensorBittensor(TAO)$228.183.27%
  • aaveAave(AAVE)$133.684.69%
  • AsterAster(ASTER)$0.72-0.65%
  • pax-goldPAX Gold(PAXG)$4,468.000.86%
  • mantleMantle(MNT)$0.571.56%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.0583003.91%
  • OndoOndo(ONDO)$0.3602892.58%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Disney theme parks empty this summer amid high ticket prices

July 10, 2023
in Business
Reading Time: 11 mins read
A A
Disney theme parks empty this summer amid high ticket prices
ShareShareShareShareShare

Walt Disney World and Disneyland have seen significantly shorter wait times to get on rides — a sign that visitors are staying away this summer as the Mouse House struggles to attract guests apparently put off by the exorbitant ticket prices, according to a report.

Data from the analysis firm Touring Plans shows that smaller crowds have descended on The Walt Disney Company’s US-based theme parks as well as its competitors, according to The Wall Street Journal.

YOU MAY ALSO LIKE

Elon Musk launches steering-wheel-free Tesla Cybercabs

Popular San Diego County brewing company closing after 15 years

The thinning traffic is bad news for the entertainment giant, which is in the midst of a $5.5 billion cost-cutting spree that has resulted in layoffs across its divisions, including sports cable empire ESPN.

Touring Plans, which measures wait times through information posted by Disney parks on their mobile apps, compiled data comparing the average wait times for rides at the four Walt Disney World parks in Orlando, Fla.


Walt Disney World and Disneyland have seen significantly shorter wait times to get on rides — a sign that visitors are staying away this summer.
AP

In 2019, the average wait time to board a ride in the Magic Kingdom was 47 minutes.

The pandemic-hit 2022 saw the wait time shrink to 31 minutes. So far this year, the average wait time is 27 minutes.

Wait times for rides at EPCOT, Hollywood Studios, and Animal Kingdom follow the same trajectory, according to Touring Plans.


An analytics firm which tracks wait times for rides at attractions at Disney World is reporting thinning crowds at the theme park this summer.
An analytics firm which tracks wait times for rides at attractions at Disney World is reporting thinning crowds at the theme park this summer.

Hollywood Studios, which features Disney’s Star Wars attractions, saw its third-slowest day of the past year on the Fourth of July, according to Touring Plans.

Jaime Brown, a Walt Disney World annual pass holder who lives in Celebration, Fla., told The Journal that she visited all four of the resort’s theme parks during the week of July 4.

Brown said that she managed to easily patronize attractions that are normally in high-demand such as Spaceship Earth and the Topolino’s Terrace restaurant.


The Mouse House is in the midst of a $5.5 billion cost-cutting spree across all of its divisions.
The Mouse House is in the midst of a $5.5 billion cost-cutting spree across all of its divisions.

“I couldn’t believe how light the crowds were,” Brown told The Journal.

Travel agents and industry analysts say the combination of high theme park ticket prices, Florida’s sweltering summer heat, and the allure of visiting Europe and other foreign destinations could explain the downturn in foot traffic at the Mouse House.

The Post has sought comment from The Walt Disney Company.

Earlier this year, Disney CEO Bob Iger, who returned to helm the company following the turmoil-filled reign of his handpicked successor Bob Chapek, rolled back some price hikes at his theme parks while reinstating some free services that were available to visitors.

Chapek had scrapped the free service in 2021, charging Disney World annual pass holders to download photos snapped during rides and meet-and-greets with Disney characters.

Disney increased the number of days that $104 tickets will be available while decreasing days it will charge its highest price tier — $179 — for adults.


Disney CEO Robert Iger has rolled back price hikes at theme parks instituted by his predecessor, Bob Chapek.
Disney CEO Bob Iger has rolled back price hikes at theme parks instituted by his predecessor, Bob Chapek.
AFP via Getty Images

Iger also scrapped the parking fees he instituted for guests at Disney-run hotels who drive to the theme parks.

Disney angered visitors in 2018 when it started charging between $15 and $25 per vehicle per night.

In fiscal year 2022, Disney theme parks generated $28.7 billion in revenue and $7.9 billion in profit — topping their pre-pandemic performance from 2019 ($26.2 billion in revenue, $6.8 billion in profit).

Disney has also found itself embroiled in political controversy — butting heads with Florida Gov. Ron DeSantis over issues such as sex- and gender-identity education for youngsters as well as the status of the formerly autonomous tax district that governs the land on which its theme parks sit.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Elon Musk launches steering-wheel-free Tesla Cybercabs
Business

Elon Musk launches steering-wheel-free Tesla Cybercabs

September 3, 2026
Popular San Diego County brewing company closing after 15 years
Business

Popular San Diego County brewing company closing after 15 years

September 3, 2026
Marc Lore’s food delivery startup Wonder slashes 150 jobs as it invests in robotics
Business

Marc Lore’s food delivery startup Wonder slashes 150 jobs as it invests in robotics

September 3, 2026
Nike closes 11 stores across the US — including one in California
Business

Nike closes 11 stores across the US — including one in California

September 3, 2026
Next Post
Victor Wembanyama scores team-high 27 points in second NBA Summer League game

Victor Wembanyama scores team-high 27 points in second NBA Summer League game

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Rand Paul has one of Dr. Fauci’s lawyers removed from Senate hearing

Rand Paul has one of Dr. Fauci’s lawyers removed from Senate hearing

September 3, 2026
One person dead, about 15 more may be missing after Grand Canyon flash flooding – The Washington Post

One person dead, about 15 more may be missing after Grand Canyon flash flooding – The Washington Post

August 31, 2026
ATLAS Model – The Future of 3D AI Space

ATLAS Model – The Future of 3D AI Space

September 4, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!