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Fun to get more expensive at Disney World
Prices are about to go up at Disney World, but the company is keeping the increases reasonable. Theme park multi-day admission prices will increase by 2.5 percent to 5.3 percent, depending on the nature of the passes. In 2006, when the economy was strong, the park hiked prices 16 percent.
The money has to come from somewhere. Hotel bookings are down 7 percent for Disney's domestic parks this quarter, and the discounts used to bring more people in the door are hitting the company's bottom line, as well. Park attendance was up last quarter, but revenue fell 9 percent, thanks to aggressive hotel room pricing.
What's this all mean? Disney CEO Bob Iger doesn't expect the economy to recover anytime soon, so he's got to keep Mickey's pockets full. He does make the point, however, that a $79 ticket to the Orlando park compares favorably to sporting events, ski lift tickets and other forms of entertainment – not a bad point.