According to recent reports, the Walt Disney Company\u2019s theme parks, including Disney World and Disneyland, have seen substantially shorter wait times on rides and attractions. This implies that consumers are avoiding Disney theme parks, despite it being the summer travel season when demand would be high for such attractions.<\/p>\n
Some reports have suggested the ridiculously high ticket prices have driven the low attendance at these parks. Others have pointed to Disney\u2019s incessant woke agenda that the company has inserted into its entertainment. Popular right-wing Twitter account \u201cEnd Wokeness\u201d posted a collage of pictures featuring a headline regarding Disney\u2019s low attendance and other pictures showing Disney incorporating rainbows into its brand. The Twitter account said, \u201cIt\u2019s a real mystery\u201d as to why people aren\u2019t visiting Disney theme parks.<\/p>\n
Twitter users in the comments section of the post shared words of agreement with \u201cEnd Wokeness.\u201d One user said, \u201cHahaha, go woke go broke never fails.\u201d Another person agreed, \u201cDisney just hit their 4th lay off wave just this year alone & not to mention their movies keep failing in box office LoL Disney go straight up bankrupt ofc not but if they keep failing with their content & wokesh*t agenda, broke just in front of their eyes.\u201d<\/p>\n
Another social media user commented how they won\u2019t ever attend a Disney theme park again, stating, \u201cWe have to go in October because my husband promised his brother a trip. I really don\u2019t ever want to go to Disney again and I won\u2019t after this trip. I have loved Disney my whole life and now they just turn my stomach.\u201d<\/p>\n
Another analysis indicated that Disney World attendance over the 4th of July holiday was its lowest in nearly ten years. Typically, this holiday is one of the busiest times for the theme park. Backing this claim, average wait times for rides at the park were significantly lower compared to past data.<\/p>\n
However, it is important to note that economic factors could also drive the declining attendance at Disney. An article from the Wall Street Journal implied that price hikes at Disney World could be turning away customers. Reportedly, Disney is trying to thin crowds at its theme parks to improve the park experience for a smaller number of customers who will spend more money at higher prices.<\/p>\n
Nonetheless, the declining attendance could be a troubling sign for Disney. \u201cI couldn\u2019t believe how light the crowds were,\u201d one visitor said, noting that the parks felt busier during a visit in the summer of 2021 during the pandemic. The American Tribune recently reported that Disney\u2019s stock faced a downgrade where softened demand for theme parks played a role.<\/p>\n
\u201cDisneyland growth due to its 100th anniversary celebration is more than offset by [Disney World\u2019s] contraction from comparisons against its 50th anniversary celebration. We worry the \u2018tough comps\u2019 are not properly reflected in consensus,\u201d a report from Keybanc stated.<\/p>\n
The firm was also concerned with the stalling growth of Disney+, the company\u2019s streaming service, despite billions of dollars invested in the service. Analysts at Keybanc changed Disney\u2019s stock from an \u201cOverweight\u201d rating to a \u201cSector Weight.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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