Disney theme park bookings down

Junk News | By on Nov 6th, 2008

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How about lower your damn prices and perhaps I’ll go back to Disney World. It cost like $1000 (per person) for 5 days to stay at a park hotel, park passes and other things. It’s just too much to spend in this economy; so maybe you should lower your admission prices and then you might see attendance peak up!

From Yahoo:
LOS ANGELES (Reuters) The Walt Disney Co on Thursday said bookings at its theme parks have declined “considerably” in the last month as the global economy has soured, and its shares slid 9 percent in extended trade.

The news came as the No. 2 U.S. entertainment company reported a 13 percent decline in quarterly net income due in part to a bad debt charge. Revenue for the period, however, topped Wall Street analysts’ estimates.

Disney said the advertising climate had softened the performance of its cable and broadcast networks, and that its U.S. theme parks and resorts suffered under higher labor and fuel costs.

In addition, on a conference call with analysts, executives said attendance at its U.S. theme parks is down 1 percent so far in the current quarter and that bookings for the first two quarters of fiscal 2009 are down “a little under 10 percent” from last year.