Sad thing is, for $370 I can get five season passes (my whole family) to a great theme park like Silver Dollar City, which is less than the amount I would spend for one day's admissions at Disney/Universal ($450).
Sure, Disney and Universal offer some state of the art attractions, but in truth, the down home, family atmosphere at Silver Dollar City puts the top dogs to shame.
No wonder I go to SDC ten times a year and Disney/Universal one week every three years. Jeez.
How much does it cost to see an NBA playoff game? (Stub Hub - Lower Bowl from $195)
How much does it cost to see a play on Broadway? (Stub Hub - 'How To Succeed in Business...' $120.00)
How much does it cost to take in show in Vegas? (Stub Hub - Cirque does Elvis $201.00)
Springsteen at Fenway (Stub Hub - $125.00)
"That's show business! No business, no show!" - Joe Strummer
It looks like another Netflix night at the Rao house. *Sigh*.
There is no such thing as price gouging for entertainment. The fact is its all commodity and if someone doesn't like the price they won't pay it. Price hikes are just as much a part of Disney's landscape as they are anyone else who offers a product. Disney has been pouring a ton of money into the Magic Kingdom over the past few years. Yes there is the FL expansion, but there has also been non stop rehabilitation of main street and Frontierland facades, a Space Mountain and Big Thunder overhaul, a new nighttime show, a fairly unexpected (I'm guessing) redo of the Tiki Room, and a pretty lengthy refurb for Spectromagic (I assume). I honestly think Disney had more room to justify the raise in ticket price than Universal who is more responding to demand rather than an accelerated amount of park development.
And, have Disney and Universal seen the latest job, unemployment, and housing data? Or have they noticed that the stock market is falling faster than the ride vehicles in the Tower of Terror? Will they be known as the companies that fiddled while the country burned?
I think these price hikes are premature. It is still a time of cost cutting and discounts, despite the fact that recent attendance numbers seem to indicate that foolish Americans are once again taking 401k loans and going in debt to finance their dream vacations (will we never learn?).
At least for my $600 at Disney World, I get 10-15+ quality days with my family in great theme parks. For $1,100 X 3, I have gotten to watch my team lose in overtime last night...
Yes, they make $ by the boatload and yes, I think some of their prices are way high (my biggest concern is with the increases in food prices at WDW over the past 5 years) but this is a publicly traded company that needs to take care of shareholders too. In the past few years all eyes have been on FJ at IOA and all that time WDW has been investing a bunch in rehabs, new experiences, and a revitalization of DTD.
I am betting WDW is going to do just fine attendance wise this year and for years to come. I know as long as we can afford our passes we will have them. It's the best entertainment in Central Florida if not the entire US.
In other news, Six Flags has not raised their prices......
Yes the company makes profits, but those profits are also paid out to shareholder. So it's not like they have some big vault like Uncle McScrooge and go swimming in their money. They still have a great deal of funding required to create their current developments in the parks, while still upholding shareholder expectations.
But I do agree, the rich get richer, which is fine - when you are "the rich".
Sadly, my Orlando trips have gone from every two years to three years, and now... we're looking at once every four or five years. The cost of an Orlando trip is simply prohibitive for the average working Joe who doesn't want to mortgage his future for a theme park visit. And that expense is something good old Walt, who said, "Disneyland is a work of love. We didn't go into Disneyland just with the idea of making money" never intended.
There really is no defense for these price points. The current costs for a Disney/Universal vacation are a rip off, no matter what picture you are trying to paint.
However, the laws of supply and demand should fix it as others have pointed out. I started a rough budget for June 2013 and the trip is already 15% higher than the one we took in 2011 with the kids due to rising fuel costs and increasing ticket and food costs. That's a substantial increase in just two years. It has me seriously considering if we should not consider another trip instead of Disney again. I could do a lot with that big of a budget.
Manged to setup several vacations for less than the cost of one week in southern California. #travesty
It seems to me that Disney and Universal are not only making money whilst the sun shines but also creating some form of crowd control mechanism here through pricing. If they made it cheap they'd be totally swamped by visitors. Every day would be like Christmas with massive crowds, to the overall detriment of the experience for many people. Even after these price hikes the parks will be teeming with visitors, but if it deters a few from making more regular visits maybe that's part of the agenda? If people stop going I'd bet any money that prices would start to fall, but whilst demand keeps on growing.....
Granted, it was one of the best concerts I had ever seen and the visuals were astounding....
I think if either Universal or Disney hits the $100 mark for a single park ticket, it will be the demise of theme parks in Orlando. A couple dollars a year is expected, but some of the pricing increases are....wow.