| # | Author | Message |
1
| Spirit of 74
Mon 12/1/2008 4:35p | Just in from the WDTC ... projected WDW resort occupancy for the month: 35%.
Now you know why all those cuts have been made (and so many others are being planned), all those offers are in the pipeline and why so many CMs won't be having happy holidays.
Just an FYI, but most hotels and resorts don't make money until they sell out 60% of their rooms and Disney is used to load levels in the 80s most months.
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2
| -em
Mon 12/1/2008 4:45p | And so the 2nd shoe begins to drop...
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3
| CarolinaDisneyDad
Mon 12/1/2008 4:49p | I hope the numbers improve. The problem is that with the economy the way it is, Disney will feel they have to cut back further and can justify any service shortcomings on a lack of income. This is where someone has to have vision and the confidence to stick to their vision. Then the question becomes, will the board and stockholders allow the vision to continue or will they clamor for a new leader because their stock price has declined in the short term. I think this is the primary problem because nobody in publicly owned companies can see past the short term unless the founder is still in charge. Only the founder can calm the masses and say we're doing this my way and unfortunately Disney's founder is no longer with us. |
4
| NikkiLOVESMickey
Mon 12/1/2008 7:22p | One of my fellow teachers just returned from a Thanskgiving week trip, and she said it wasn't really crowded at all. Without FastPass, their longest wait for an attraction was 35 minutes. Thanksgiving week is traditionally one of WDW's busiest weeks, so you know people are hurting. |
5
| CarolinaDisneyDad
Mon 12/1/2008 8:04p | Yea, we were there the first week of Nov. and by the end of the week we weren't even using fast passes. There was just no need and I'm sure things are even worse now. I never thought I would find myself wishing more people would go to Disney. I do hope this turns around because things that are cut back quickly seem to take forever to return. |
6
| CarolinaDisneyDad
Mon 12/1/2008 8:05p | BTW, I'm glad you started posting again NIKKI. |
7
| NikkiLOVESMickey
Mon 12/1/2008 8:33p | Thanks Carolina :-). |
8
| fkurucz
Mon 12/1/2008 10:01p | <<Just in from the WDTC ... projected WDW resort occupancy for the month: 35%.>>
Wow. They could mothball half the resorts and wouls only have 70% occupancy. |
9
| Jim in Merced CA
Mon 12/1/2008 10:35p | Maybe President Bush needs to make another speech like after 9/11, to tell us to continue spending money and take trips to Walt Disney World.
That might work. |
10
| SuperDry
Tue 12/2/2008 12:02a | <<< I think this is the primary problem because nobody in publicly owned companies can see past the short term unless the founder is still in charge. Only the founder can calm the masses and say we're doing this my way and unfortunately Disney's founder is no longer with us. >>>
Even having the founder in charge doesn't protect against chasing the next quarter's earnings. There are quite a few examples of prominent company founders of publicly-traded companies being fired by their shareholders for not meeting their expectations. |
