| # | Author | Message |
11
| Sport Goofy
Tue 12/2/2008 8:52a | It's a interesting figure, but no real source to back it up with. What's the comparison data from last January, or the average January occupancy over a span of years, during the last recession?
What's the projected occupancy at the other Orlando-area hotels, nationwide?
It's no secret that the economy is headed into dire straits. Unemployment is nearing its highest rate in 15 years and looking like it will hit early 1980s levels if the trends continue.
Why should it be surprising that people are not going on vacation? Does anyone honestly believe that WDW would be immune to the economic slump? Frankly, I'm surprised things have held up for this long. What's the difference between this year and last? Overseas visitors are now in a recession, too, and the effect of the weak dollar has pretty much played itself out. If not for the foreign tourists, most of 2007 and 2008 would have been abysmal for U.S. tourist destinations. |
12
| fkurucz
Tue 12/2/2008 10:13a | <<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.>>
If he sends everyone a voucher for a gov't paid trip it might work. It might even cost less than the Citibank bailout. |
13
| MPierce
Tue 12/2/2008 12:46p | >> 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. <<
I think you hit the nail right on the head CDD. The WDC no longer has leaders like Walt, and Roy Disney. I just don't get a sense of passion for the parks. I very well could be wrong though, I certainly hope so. |
14
| MPierce
Tue 12/2/2008 12:48p | >> 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. <<
Don't get Spirit going!!!! :-) |
15
| MPierce
Tue 12/2/2008 12:51p | >> 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. <<
That's very true, but the Disney Corp. with Walt at the head, and Roy as the money man was a completely different scenario from the corporate world we have today. |
16
| MPierce
Tue 12/2/2008 12:53p | >> If he sends everyone a voucher for a gov't paid trip it might work. It might even cost less than the Citibank bailout. <<
It would be money better spent also! |
17
| MPierce
Tue 12/2/2008 12:56p | I noticed a particularly visious attack against you Spirit,by some Jerk named CBOMB on another forum. They sure can be mean over there! :-) |
18
| RoadTrip
Tue 12/2/2008 1:00p | Yup. Things sure are sucking in Orlando.
<<With all the reports about an ongoing recession, analysts believe that Orlando will finish the year up 9.1% over 2007. Otherwise, domestic travel is expected to finish 2008 with a 1% decline.>>
Source: http://www.greatorlandodiscoun...ive.html
(Yea, it's just a blog. But at least I LIST A SOURCE.)
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19
| MPierce
Tue 12/2/2008 1:00p | I almost feel like it's my patriotic duty to give the mouse a fistful of my money now. I certainly hope the Parks don't go into a complete panic mode. I'm most afraid of them loosing good CM's. It's just a very well themed Park, with out the heart, when you take away the exceptional CM's. |
20
| MPierce
Tue 12/2/2008 1:08p | >> Yup. Things sure are sucking in Orlando.
<<With all the reports about an ongoing recession, analysts believe that Orlando will finish the year up 9.1% over 2007. Otherwise, domestic travel is expected to finish 2008 with a 1% decline.>>
Source: http://www.greatorlandodiscoun...ive.html
(Yea, it's just a blog. But at least I LIST A SOURCE.) <<
I don't believe Spirit wants to list his source. Maybe we could hold him down, and beat his feet with a rubber hose. That might be effective evidentually, but I'm afrais we could possibly loose any further inside information from Spirit.
'08 was turning into an OK year right up until the economy took a nose dive. Let's see if that blog has a rosey projection for the 1st Q. of '09?
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