With close to 75k confirmed official infections today, and nothing slowing the spread with real infection rates probably much higher, its likely Disney parks in HK and China will be closed for a long time. Also people there will not be going to any movie theaters for a long time as well. So how do you think Disney will react to this new reality? Will they greatly increase prices and reduce service here in every way in hopes of lessening the loss. Or will they just accept the loss and not compound problems by increasing prices here?
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How will Disney's losses in China effect park operations at Disneyland.
30Disney will increase prices in ways we never dreamed of to try to make up for the loss.30.00%9Disney will accept the loss and not try to make up the difference here.13.33%4Disney will increase prices here to offset losses, but not so much to cause bad press.56.67%17The poll is expired.
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NONE OF THE ABOVE.
a) They just increased prices LAST WEEK, so the notion that they might increase prices amid this crisis is already moot.
b) Given that prices just increased last week, they will cut operating expenses to the bone to maximize profits at now-current pricing. There are already rumors of Anaheim's Runaway Railway being paused, and any projects in Orlando that aren't critical and/or well underway might get halted too (Epcot redesign elements, new Grand Flo pedestrain bridge).
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I think the gate increase was just the first step and park wide increases will start rolling out soon get ready for expensive Churros and service fees. All this while they cut hours and layoff as many CM's as they can. We are heading into the last years of Eisner all over again.Disneyland Fan since the 70's
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Originally posted by Starcade View PostI think the gate increase was just the first step and park wide increases will start rolling out soon get ready for expensive Churros and service fees. All this while they cut hours and layoff as many CM's as they can. We are heading into the last years of Eisner all over again.
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Originally posted by Starcade View PostI think the gate increase was just the first step and park wide increases will start rolling out soon get ready for expensive Churros and service fees. All this while they cut hours and layoff as many CM's as they can. We are heading into the last years of Eisner all over again.
"Disneyland is often called a magic kingdom because
it combines fantasy and history, adventure and learning,
together with every variety of recreation and fun,
designed to appeal to everyone."
- Walt Disney
"Disneyland is all about turning movies into rides."
- Michael Eisner
"It's very symbiotic."
- Bob Chapek
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Originally posted by Starcade View PostI think the gate increase was just the first step and park wide increases will start rolling out soon get ready for expensive Churros and service fees. All this while they cut hours and layoff as many CM's as they can. We are heading into the last years of Eisner all over again.Disney will increase prices to offset losses and reduce service !
Soaring like an EAGLE !
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Originally posted by Yamamoto364 View Post
Last time I checked the last years of the Eisner era didn’t involve two theme parks being closed to an epidemic.Disneyland Fan since the 70's
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Originally posted by Starcade View Post
The China/Hong Kong parks did not exist back then and there was not epidemic but but he did claim in the media several times they were considering shuttering EuroDisney as a failure at the time and they did lose Frank Wells to a helicopter crash.
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Originally posted by Starcade View PostThe China/Hong Kong parks did not exist back then and there was not epidemic but but he did claim in the media several times they were considering shuttering EuroDisney as a failure at the time and they did lose Frank Wells to a helicopter crash.
"Disneyland is often called a magic kingdom because
it combines fantasy and history, adventure and learning,
together with every variety of recreation and fun,
designed to appeal to everyone."
- Walt Disney
"Disneyland is all about turning movies into rides."
- Michael Eisner
"It's very symbiotic."
- Bob Chapek
- Likes 2
Comment
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Originally posted by Yamamoto364 View PostMaking cuts due to parks not operating is wholly different than what happened at the end of Eisner.
"Disneyland is often called a magic kingdom because
it combines fantasy and history, adventure and learning,
together with every variety of recreation and fun,
designed to appeal to everyone."
- Walt Disney
"Disneyland is all about turning movies into rides."
- Michael Eisner
"It's very symbiotic."
- Bob Chapek
- Likes 2
Comment
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Originally posted by Mr Wiggins View Post
Then what's the excuse for Cheaptastic Chapek's deep cuts to Star Wars Land before it even opened, and his slash-and-burn policy of cutting CM and Live Entertainment jobs before Coronavirus had even emerged?
At the very least any cuts currently that are actually due to the Asian parks being closed are justifiable. It’s unprecedented.
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I'm sure we'll find out in a few weeks after the shareholder meeting. As one, I'm very curious to know myself.Matt's 40th Birthday Disneyland Trip. Club 33, Napa Rose, and Adventureland Suite!!! ~~|~~ Katherine's 11th Birthday Dapper Day trip with Club 33 ~~|~~ Matt's Review of the Art of the Craft Tour at Disney's Grand Californian Hotel ~~|~~ My Spring, 2017 Dapper Day Trip Report ~~|~~ My Fall, 2016 Dapper Day and Club33 Trip Report ~~|~~ My Summer, 2016 Walt's LA tour with Bob Gurr and Marty Skylar ~~|~~ My Summer, 2016 Family Firsts Trip Report ~~|~~ Matt's September, 2015 Solo after the Safari Sunrise Trip Report ~~|~~ World Famous Jungle Cruise Safari Sunrise Premium Experience Trip Report ~~|~~ My February, 2015 Dapper Day Trip Report ~~|~~ My October, 2014 Family Vacation with Mickey's Halloween Party ~~|~~ My September, 2014 Dapper Day Trip Report ~~|~~ My August, 2014 Solo Trip Report - 1901/C33 Jazz Club ~~|~~ My June, 2014 Solo Trip Report ~~|~~ My February, 2014 Dapper Day Trip Report ~~|~~ My Epic May, 2013 Trip Report ~~|~~ My October, 2011 Trip Report ~~|~~ My October, 2010 Trip Report
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Originally posted by Yamamoto364 View Post
You’re correct those two things did happen, but have nothing to do with the state of the current Asia parks so I wouldn’t compare the two. Making cuts due to parks not operating is wholly different than what happened at the end of Eisner.Disneyland Fan since the 70's
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Westsider's prediction in the other thread is coming true: we're seeing costs cut in myriad forms despite high demand. I don't have specific examples on hand about Disneyland, but here is some evidence from the best WDW site out there:
Parks are packed to the brim, but are still closing earlier than they have in the past (Link to Tweet)
Character meet and greet hours are being cut as well (Link to Tweet)
It seems like we're about to enter a couple quarters where the parks division is in "hunker down and weather the storm" mode until they can get the China parks open again. The U.S. parks (along with Disney's other astronomical income from its various businesses) have funded the creation of all the international ones. Now that the China parks have to pause recouping their costs, I understand not wanting to spend like crazy in the U.S. as has been the norm up until Galaxy's Edge/Marvel additions. Once those lands are open, I don't expect to get more announcements on brand new projects for the rest of the year.
Normally, I'm all for investment in the parks. If attendance is down even when admission is affordable, it's because people want more and that should be a sign to invest in the parks. In a case like this, where world events like a deadly outbreak and economic downturn in China may cause some larger issues throughout the company, I actually think I would choose the same path. There's no easy answer to questions like these, frankly, and I'm not envious of any businessperson in the position of having to decide what to do. That's why they get paid what they do, and I am just a student, though.
Iger is mostly oriented towards long-term outlooks, even if some of his underlings (Chapek) are not. Given that perspective, I'll be following this story closely and pay close attention to the shareholder meeting.
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Not sure how accurate this will be to say, but it looks like we may have an idea of when at least Hong Kong will be re-opening (-and maybe, by extension, Shanghai?).
https://disneyparks.disney.go.com/bl...ng-disneyland/
The article above is directly from Disney and seems unrelated, but they discuss how the new Onward characters are coming to the Disneyland resort for Pixar Nite (a seperate, ticketed event) but will be heading to Hong Kong for the return of the Pixar Water Play Street Party, which I've read is a summer parade/event over there?
So.. best guess right now is that they are planning to be re-opened before/during Summer time. Could come before that, obviously. Just guessing.
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I think reopening will all depend on how well the COVID-19 virus is handled and the overall threat and infection level. A lot of virus outbreaks tend to wane as the weather warms, so we'll see how things pan out in the next few weeks.
Hopefully things get under control and life resumes to normal.
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Originally posted by Golden Zephyr View PostI think reopening will all depend on how well the COVID-19 virus is handled and the overall threat and infection level. A lot of virus outbreaks tend to wane as the weather warms, so we'll see how things pan out in the next few weeks.
Hopefully things get under control and life resumes to normal.
My Prayers.......is for those have to deal , with the overall threat and infection !
It been a scary time !Soaring like an EAGLE !
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Originally posted by Blurr View PostNot sure how accurate this will be to say, but it looks like we may have an idea of when at least Hong Kong will be re-opening (-and maybe, by extension, Shanghai?).
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Originally posted by WaltDisney'sAlec View Post...It seems like we're about to enter a couple quarters where the parks division is in "hunker down and weather the storm" mode until they can get the China parks open again....
"Disneyland is often called a magic kingdom because
it combines fantasy and history, adventure and learning,
together with every variety of recreation and fun,
designed to appeal to everyone."
- Walt Disney
"Disneyland is all about turning movies into rides."
- Michael Eisner
"It's very symbiotic."
- Bob Chapek
- Likes 3
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