Disney’s price hike is forcing customers to take out bank loans to afford vacations

It seems some Disney guests want to visit Walt Disney World and Disneyland so badly that they’re not just saving up for vacations anymore, but taking out loans to make the magic happen.

Credit: Disney

It’s no secret that Disney is an expensive place to vacation. Now that hotel rooms are harder to come by, the 50th anniversary is being celebrated, and shows like World of Color, Fantasmic!, Disneyland Forever, and Main Street Electrical Parade are back, the desire to visit a Disney park doesn’t will only grow. , especially after so many guests had to postpone their trips.

disney world gate
Credit: Disney

We recently covered how multi-day ticket prices have gone up at Walt Disney World. We used a 4 day trip as the basis for our comparisons. Park Hopper Plus 4-day tickets ranged from $546.65 to $708.57 and are now $559.53 to $708.57. It seems that on average multi-day tickets have gone up about $20 or so. On top of that, hotel room rates continue to rise and, although currently suspended, prices for annual passes to Disney World have increased, as well as the new Magic Key Pass to Disneyland. We’ve also seen food prices go up while portions go down, as well as an increase in alcoholic beverages. To add, the addition of Disney Genie+ is now a new financial opportunity for Disney, whereas before FastPasses were free.

disney world animal kingdom tree of life
Credit: Disney

Related: Disney Scraps ‘Plan Ahead,’ Changes Disney Genie+ to Fight Demand

During the Walt Disney Company’s fourth quarter earnings call, the issue of inflation and the potential for higher prices at Disney Parks inevitably came up during the Q&A segment.

Aladdin (left) and Jasmine (right) with children at Disney World
Credit: Disney

Related: CEO Defends Controversial Disney Genie, ‘Overwhelmingly Positive’ Response

Walt Disney Company Chief Financial Officer Christine McCarthy addressed the situation, noting that Disney has no plans to raise prices outright within Josh D’Amaro’s Parks, Experiences and Products division. She did say, however, that Disney is looking at a number of ways to cut costs behind the scenes, including “portion reduction” at Disney Parks restaurants. Since then, we’ve already seen portion sizes go down, while costs have gone up for many different foods and beverages in the park.

Knowing how quickly the cost of Disney vacations has risen, it’s not shocking to think that some Guests are no longer able to afford the vacations they took a few years ago. So, in order to keep the magic alive, guests do whatever they can to access Diseny, including taking out a loan to pay for it.

It seems to be getting so mainstream that others are starting to talk about it on Twitter. The Theme Park Story (@TPHYoutube) said:

For the love of Michael Eisner, please DO NOT finance or borrow for your Universal or Disney vacation.

The theme park fan and YouTuber noted both Universal and Disney, but Universal is often a vacation that can be had for less as opposed to Disney. But, the best Orlando vacations happen when guests combine both parks, which is the more expensive option. Jack from Park Hopping (@JackWelliot) replied:

It scares me that it has to be said.

It looks like families looking to get to the most magical place in the world or the happiest place in the world will have to start saving months earlier than usual with the way prices have continued to dip. increase in parks.

Disney's BoardWalk at Night
Credit: Disney

There are always ways to save on your vacation by choosing a less expensive hotel. At Disney World, Value Resorts are the lowest priced option, but good nearby hotels offer even better rates, which can sometimes save you hundreds. Avoiding expensive restaurants with table service can also reduce the cost of your trip exponentially.

What do you think of the current price of Disney vacations?

Let Academy Travel’s team of experts help you plan your next magical Disneyland Resort vacation, including Disneyland Park, Disney California Adventure and the Downtown Disney District. Or what about the Walt Disney World Resort’s four theme parks – Magic Kingdom, EPCOT, Disney’s Animal Kingdom and Disney’s Hollywood Studios – and the shopping and dining district of Disney Springs!

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