Gary Kaltbaum of Kaltbaum Capital Management and Dan Geltrude, founder of Geltrude and Company, discuss Disney World ticket price hikes and consumer spending habits amid inflation.
A recent study found that some families are willing to borrow money to visit Walt Disney World in Orlando, Florida.
A survey conducted by financial website LendingTree found that 18% of 1,500 consumers surveyed reported going into debt when visiting Walt Disney World, which celebrates its 50th anniversary in 2022. understood. You are most likely to incur this additional cost.
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The study also found that expensive dining options and ticket prices at the park were higher than many people had originally expected or budgeted for. From November 2022 to October 2023, his average price for a single-day, 1-park ticket for adults and children ages 10 and up is $141.74, but prices are likely to increase.
An analysis by Disney-focused blog Mouse Hacking found that a Disney World vacation for a family of four (2 adults, 1 child ages 10 and up, and 1 child ages 3-9) costs It was $5,731. 2022, or about $287 per person per night for her.
Disney World ‘enthusiast’ says theme parks ‘lost their magic’
Crowds gather on Main Street USA at Magic Kingdom Park at Walt Disney World in Orange County, Florida on June 1, 2022. (Joseph Prezioso/Getty Images/Getty Images via Anadolu Agency)
Costs include flights, transportation to and from the parks, a five-night stay at a Disney World Resort, a five-day ticket with paid skip-the-line service, and all at approximate cost of a standard Disney dining plan. meals are included.
“A trip to Disney can be an experience you and your family will remember for a lifetime, and people are willing to go into debt for it,” said Matt Schultz, chief credit analyst at LendingTree. ” he said.
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A LendingTree study found that 71% of people who spent too much money at parks didn’t regret it. Because I can pay off my debt in 6 months. 14% said it would take them seven months or more to pay off their Disney debt, and another 6% were unsure how long the debt would last.
The Walt Disney World Monorail is shown in the photos in this file. (iStock)
However, another study by gambling website Time2play surveyed 1,927 “Disney World aficionados”, of whom 68.3% reported feeling the theme park had “lost its magic” due to price increases. I’m here. He reports that 92.6% of people believe the average family vacation is “out of reach” due to the high cost of parks.
According to research, tickets to Disney World’s Magic Kingdom in 1971 totaled $3.50. Adjusting for inflation, today’s ticket is around $25.60. Tickets for his one park at Disney World are currently $109 to $159 per day. According to research.
Guests react to a splash of cool water at Splash Mountain at Magic Kingdom Park at Walt Disney World in Orange County, Florida, June 1, 2022. (Joseph Prezioso/Getty Images/Getty Images via Anadolu Agency)
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“You shouldn’t be in debilitating debt, and you shouldn’t do it often,” Schultz said. If so, that’s fine.”
Fox News’ Emma Colton contributed to this report.
