According to a data visualization account on Instagram, ticket prices for Walt Disney World have risen more than rent and gas costs since the 1970s. Disney's Florida resort celebrates the 50th anniversary of its opening in October, holding various celebrations across this year and going into 2022. The resort was badly affected by the COVID-19 pandemic, closing for a significant period and laying off a large number of employees in the wake of reopening.
Opening on October 1, 1971, Disney's Florida resort started as a project of Walt Disney that was later fulfilled by his older brother, Roy, following his passing. The resort originally included the Magic Kingdom park, growing across the decades as more and more guests attended, with areas such as EPCOT and Disney Hollywood Studios offering park-goers a wider range of attractions. As the company grew, new attractions such as the Star Wars-themed Galactic Starcruiser hotel and Galaxy's Edge parks have incorporated the company's growing catalog of properties into the resort. With Walt Disney World growing at such a rate and scale, the admissions fees have also risen.
According to Instagram user and data visualization creator Pie Chart Pirate, the price of admission to Walt Disney World has risen above wages, and the cost of rent and gasoline, since its 1971 opening. The short clip features a line graph that includes the price of a Walt Disney World ticket, gasoline, rent, and wages, with the ticket prices far outpacing the other costs by 3871.4% by the peak season of this year. The chart factors in events such as the Global Financial Crisis of 2007-2008 and the COVID-19 pandemic, which caused fluctuations in the other costs. Check out the chart below.
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Despite a constant increase in price since opening, Disney Parks saw a loss of $6.9 billion during 2020 due to closures throughout the pandemic, as shown in an annual earnings report. The closures lead to the layoffs of a total of 32,000 employees during the first half of 2021's fiscal year as parks gradually reopened. The company has also further restructured the park's systems, scrapping the FastPass virtual queuing system in favor of a new service called Genie. This new program more heavily relies on a user's preferences to plan out a day, while offering a FastPass-like add on known as Genie+ for an additional fee.
With the resort celebrating its 50th anniversary, it is easy to see how much it has grown from a single park centered on Disney's original properties to a massive project that includes franchises like Star Wars and Marvel. And with many more attractions such as a Guardians of the Galaxy ride set to open in 2022, the resort continues to expand. Since the park has offered more facilities to its visitors across its years of operation, it's not unexpected that there would be an increase in admission prices. However, the cost continuously rising above that of necessities such as rent and fuel, even through times of crisis, is shocking. Unfortunately, with the company seeking to recuperate losses from closures during the pandemic, visitors can likely expect another bump in price still to come.
Source: @PieChartPirate
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