logo
#

Latest news with #Gursoy

Has Disney World Become Too Expensive?
Has Disney World Become Too Expensive?

Newsweek

timea day ago

  • Newsweek

Has Disney World Become Too Expensive?

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. In recent years, headlines have frequently highlighted rising prices at Disney World. Social media videos documenting the cost of a day at the parks—often leaving viewers stunned by the total bill—have gone viral, regularly garnering millions of views. As the summer travel season begins, many Americans are finalizing vacation plans. But ongoing economic concerns are having a noticeable impact. A recent WalletHub survey found that 45 percent of Americans say tariffs are affecting their travel plans, while 63 percent cite inflation as a limiting factor. With prices up and financial anxiety high, where does that leave the "most magical place on Earth"? Newsweek spoke with Disney visitors and a business expert to explore how pricing at Disney World in 2025 is influencing vacation decisions. What Is The Cost of a Disney World Vacation? The cost of a Disney World vacation can vary significantly. The park's vast size, seasonal pricing, and optional add-ons mean no two trips cost the same. Visitors must factor in expenses like airfare, transportation, accommodations, park tickets, line-skipping passes, and food. Florida dad Craig Stowell recently went viral after sharing a video on Instagram detailing his family's one-day visit. He reported spending $1,400 for himself, his wife, and their three children—including tickets, parking, meals, snacks, and souvenirs. "I grew up as a Disney kid," Stowell told Newsweek. "My mother took me and my two siblings every year when we came to Florida to visit our grandma. Back then, a day at Disney was much more affordable for a young family with three children." Influencer and content creator Erin Chau shared a similar sentiment. "Definitely more expensive than I anticipated," Chau told Newsweek via email. "Although pricey, I enjoyed every second of the experience and understand that there are high costs to ensure everything runs smoothly." In response to affordability concerns, Disney has launched several promotional offers, including discounted children's tickets, free dining for kids, parking deals, and room packages. What Is the Impact on Customers? "An increasing number of visitors now view Disney vacations as unaffordable, which is likely to reduce visit intentions and return rates," said Dogan Gursoy, Regents Professor and Taco Bell Distinguished Professor in Hospitality Business Management at Washington State University. While Disney's brand still appeals to high-income travelers and first-time visitors, Gursoy said concerns about value are growing—especially among middle-income families. "Price increases are likely reshaping consumer perceptions of the experience, shifting it from a family-friendly tradition to something more akin to a luxury purchase," he told Newsweek. Gursoy explained that the psychological impact of rising costs is intensified by the "reference price" effect, where guests compare current prices to what they remember paying in the past. This can make sharp increases feel unjustified, fueling online backlash. Photo-illustration by Newsweek/Getty Disney is also facing heightened competition. Gursoy noted that Universal's Epic Universe, opening in May 2025, will feature new attractions tied to major franchises, competitive pricing, and aggressive discounts. "SeaWorld is also targeting cost-conscious travelers with deep discounts and bundled deals," he added. "If these competitors deliver strong guest satisfaction, Disney may find its pricing power more limited than expected, especially in a strained economic environment." Gursoy also warned of a potential socioeconomic divide within the parks, as rising costs increasingly price out lower-income families. "Escalating ticket prices and growing fees for conveniences like line-skipping are marginalizing these groups—often forcing them to shorten their stays, stay off-property, or forgo Disney altogether," he said. "This trend threatens to reshape the broader Central Florida tourism economy." Do Customers Still Think Disney World Is Worth It? Despite rising prices, many visitors still see Disney World as worth the cost. According to Disney's most recent earnings call, bookings for the fiscal third quarter of 2025 were up 4 percent year over year, and up 7 percent for the fourth quarter. While Disney doesn't publicly release attendance figures, the 2024 Theme Index report, cited by Magic Guides, shows Magic Kingdom visits rose from 12.7 million in 2021 to 17.7 million in 2023. For some, the expense only enhances the anticipation. "Trips will definitely need to be farther apart, as the price is quite expensive," Chau said. "But it makes saving up for the trip all the more important and exciting because you know you worked hard for it." Stowell, however, has a more skeptical view. "My oldest son just turned 15," he said. "He has his learner's permit and is saving for his first car." "To put it in perspective, one day at Disney for our family of five cost as much as a first car. Which would you rather have: a car or a day at Disney?"

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store