Originally Posted By Mr Snappy It's shocking to me how many people here obviously have ZERO knowledge about how business works....They THINK they do, but they really don't. It's been said several times in the thread already, but the raise the prices because they can. They keep raising prices because they keep selling tickets, even at higher rates. You pay what the market bares. This is not greedy, it is the RESPONSIBILITY for a corporation to generate as much revenue and profit as possible. This is the fiduciary responsibility to the shareholders. The task of providing MAXIMUM profits to the shareholders is the primary purpose of a corporation. Now, does this mean they can keep raising prices forever? No, eventually they will reach that "tipping point" where more and more people will not pay the admission price and find an alternative. Disney obviously has not found that tipping point yet.
Originally Posted By davewasbaloo Or in other words, it is the typical paradigm of elasticity of demand! Classic economics.
Originally Posted By Sport Goofy << They keep raising prices because they keep selling tickets, even at higher rates. You pay what the market bares. >> Except they aren't selling tickets at the higher rates. Discount programs are abundant and the number of tickets being sold at the higher rates is declining in comparison to the promotional rates.
Originally Posted By davewasbaloo Ah yes, but then human psychology kicks in, where people are thinking they are getting a great deal. Case in point is the DDP at WDW. And then others are still paying the full price where they are ignorant of the savings to be had. Typical business practice of the luxury markets.
Originally Posted By SafariRob I don't really mind the higher prices because it keeps the crowds under control. Have you visited a Six Flags park recently? You can buy an annual pass for like $50. Everyone and their brother has an annual pass and the parks are crowded beyond control. It's miserable. I would rather save up and pay more to go to a less crowded park.
Originally Posted By di-tard4life ..hey if u dont like the price of disenyland... DONT GO! simple as that!
Originally Posted By TINK-MOBILE We all understand the economics of raising prices, as costs go up, prices tend to follow that route as well, it is not that people have zero intelligence of how business works, like most of us they are watching their dollars as well, Disney may find that people will pay the increases because they simply just love the atmosphere and all what Disney brings .Disney may find out though they won't be getting the extra dollars for souveniours among other things, family's usually have a budget, so chin up, spread your knowledge around of any good deals that people can take advantage of, so that they will never be closed out from coming the the Most HAPPIEST PLACE ON EARTH, because of financial restraint, yes my Friend's, some folks are very Greedy in Corporations, while most are not....we have always had such a great time....people do look for that elusive deal that comes around from time to time...hope you all find it , if you do, please share it...with all that come to this Magical Place...Mr Snappy...thanks for your insight it does shed some light onto just how high will Disney go, will they start offering family passes, ect....to gather the crowds in, might be a very interesting concept for all families and families in need .... Have a Great Day...
Originally Posted By pitapan16 It's shocking to me how many people here obviously have ZERO knowledge about how business works....They THINK they do, but they really don't. It's been said several times in the thread already, but the raise the prices because they can. They keep raising prices because they keep selling tickets, even at higher rates. You pay what the market bares. This is not greedy, it is the RESPONSIBILITY for a corporation to generate as much revenue and profit as possible. This is the fiduciary responsibility to the shareholders. The task of providing MAXIMUM profits to the shareholders is the primary purpose of a corporation. "Now, does this mean they can keep raising prices forever? No, eventually they will reach that "tipping point" where more and more people will not pay the admission price and find an alternative. Disney obviously has not found that tipping point yet." -Totally agree with yah.
