No Expiration Option Eliminated?

Discussion in 'Walt Disney World News, Rumors and General Disc' started by See Post, Feb 27, 2015.

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  1. See Post

    See Post New Member

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    Originally Posted By SuperDry

    For me, it's a bit of a disappointment. The way I visit WDW these days is usually just for a day or two. I bought a 10-day hopper non-expiring ticket for something like $420 IIRC maybe 8 years ago, and it took several years to use them. For me, it was a bargain, as compared to buying 1 or 2 day hoppers each time. When that finally ran out, last year I bought a new 10-day non-expiring hopper in conjunction with a 1-night stay at the GFH (so it went on the supplied Magic Band), and I didn't even end up using a single day, as I got signed in that trip. So I still have those 10 days, and if I use them as 1-day hoppers, for about half the retail cost of just buying the tickets as I use them.

    <<< It is narrow-sighted as it is effectively a gift card and corporates love gift cards. Cash upfront now and the prospect that they will never get used (lost, eaten by the dog, dead owner). Even when they are finally used then they just book the revenue. >>>

    That's a good point. What are the accounting ramifications of non-expiring tickets? I know that for gift cards, there are special accounting rules that allow the future liability to be reduced over time, down to zero after a couple of years I think. So, non-expiring gift cards that aren't used after awhile carry no liability on the corporate books, even though they remain valid, under the theory that such a small percentage of them get used after a certain amount of time has elapsed. Does the same hold true for non-expiring admission tickets?
     

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