![]() Of course, travel costs are all relative. It’s undeniably priced as a premium vacation destination and one of the more expensive family destinations in the United Stares. Regardless of where pricing goes in 2023, visiting Walt Disney World costs a lot of money. (If you factor in astronomical costs of airfare this year, that’s doubly true.) However, it’s entirely possible that actual prices won’t be up 5% in 2023 as compared to this year due to the increased likelihood of discounts and more. This is something we’ve been discussing quite a bit, most recently in What Does Walt Disney World Do During A Recession?The odds aren’t in your favor that Disney will drop prices with all else being equal. All of this could have the effect of reducing consumer spending and pushing more people back into the workplace. Data suggests that household savings is dwindling, consumer debt is on the rise, and equities markets are trending downward. ![]() In addition to that, there are broader macroeconomic factors that could impact Disney and pricing on the horizon. The tides have been starting to turn on this, with increased discounting already for the first half of 2023 and more likely for summer and fall. There’s no need to entice people to visit due to pent-up demand, and there are few unsold rooms to fill because the company cannot fill every room in the first place. Many Americans have been making up for lost time traveling, and Walt Disney World has not been operating at 100% due to staffing shortages.Īs a result of that supply-demand mismatch, Walt Disney World did not need to offer aggressive discounts for much of the last two years. Walt Disney World has seen a significant imbalance of supply and demand for the last year-plus, which has played a significant role in driving up prices at a faster-than-normal rate. That’s actually one of the smaller price increases in the grand scheme of things–certain park tickets are up by 20% or so. If you look at 2023 Walt Disney World Resort Price Analysis, you’ll also notice that room rates are up around 3-4% across the board. Most menu prices also increased twice this year, as did souvenirs and more. This meant that theme park admission went up twice this year via direct increases, and a third time indirectly via higher prices (on average) for Lightning Lanes, which used to be free as FastPass. The big ones came with the introduction of park-specific single-day ticket prices and a new (mostly more expensive) date-based pricing for the Genie+ service. Since the start of the fiscal year in October, Walt Disney World has made many more significant increases. And he probably won’t–the best we can hope for is likely a slowdown in the frequency and amount of increases, or more and better discounts to offset them. For his part, returning CEO has said that he was “alarmed” by the number of increases, but he has yet to undo the damage. Former CEO Bob Chapek’s attitude was Disney would continue upping costs until there was a pullback in demand. ![]() This has been evident in the last year, as Walt Disney World has been hit by price increase after price increase. To the contrary, pent-up demand, staffing shortages, inflation, and a lack of discounts mean visiting Walt Disney World is more expensive than ever. It’s undeniable that Walt Disney World vacation costs have skyrocketed in the last decade, and that trend doesn’t seem likely to reverse itself anytime soon. Given that the thing most readers report surprise over to us via comments and emails is cost, this is a topic worth addressing, even if we can’t give any hard numbers for every possible scenario…Īs a blunt preface: a Walt Disney World vacation is an expensive proposition. ![]() Instead of tackling every possible scenario and ending up with a War & Peace length treatise, we’ll look at price ranges for key aspects of visiting Walt Disney World, come up with totals based on those, and let you extrapolate for your own conclusions based upon that information. Mears Connect airport shuttle? Travel insurance v. standby only? Rental car & paid parking v. Beyond the basics covered in our breakdown, there are a lot of variables that are beyond the scope of this post: Lightning Lanes & Genie+ v. Even with hypotheticals it’s impossible to pin down the actual cost for every set of circumstances. Fair warning up front: prices have increased by thousands of dollars in the last two years, so be prepared for sticker shock. It answers the question of how much visiting WDW costs to help you avoid overspending & plan within your budget. This breaks down Walt Disney World vacation prices for park tickets, hotels, dining, transportation & more in 2023.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |