Originally Posted by
Ian
I agree totally with Jeff. To me cost cutting is the bean-counter way to deal with an economic down turn. It requires no real thought, looks good to the Wall Street types, and carries little risk.
But, IMO, it doesn't work for a destination entertainment company like Disney. In an economic situation with tightened budgets, limited vacation dollars, and higher transportation costs, you need to be showing people why your destination is still the right place for them to part with their hard-earned dollars.
Entertainment cutbacks, reduced hours, poor service, and no new attractions is only giving people a reason not to spend their money in Disney World.
It's better to have 100,000 guests in your parks at a profit of $1,000 per guest (made up numbers) than it is to have 50,000 at a profit of $1,500 a guest.