A trip to visit Mickey, Minnie, and the rest of the gang can be quite expensive, so some people go into debt to make the trip.
A study by financial website Lending Tree, which surveyed 1,500 consumers, found that 18% had taken out debt during a trip to Walt Disney World in Orlando. Parents with children under the age of 18 are most likely to incur additional costs.
But research shows that 71% of people who spend a little too much money at a park don’t regret it.
So how do people go into debt to visit magical resorts?
Researchers found that dining options and ticket prices in the park were higher than people originally thought or budgeted for. From November 2022 to her October 2023, her average price per day per park ticket for visitors ages 10 and up will be $141.74.
However, that number could be higher since the Florida-based resort implemented a ticket price increase in December. Disneyland did the same in October.
The Lending Tree study was announced in November.
Based on an analysis conducted by Disney blog Mouse Hacking, the study found that a family of four (including two adults, one child ages 10 and up, and one child ages 3-9) at Disney World was also shown to cost $5,731 for vacation. or $287 per person per night — 2022.
This hefty price includes:
- Flight
- Transportation to Disney World
- 5 night stay at Pop Century (Disney World Resort)
- Magic Kingdom & Hollywood Studios 5-Day Ticket without Park Hopper with Paid Skip-the-Line Service and Genie+
- All meals will be offered at approximately the same rate as the standard Disney Dining Plan, which has been suspended during the COVID-19 pandemic
However, taking inflation into account, the same family will spend $6,320 ($316 per person per night) on the same trip in 2023.
“A trip to Disney can be an experience you and your family will remember for a lifetime, and people are delighted because of it,” LendingTree chief credit analyst Matt Schultz said in a statement. I’m going to borrow money,” he said. .
“You shouldn’t be in debilitating debt, and you shouldn’t be in debt very often, but if you need to be in debt for a few months to make the Disney trip of a lifetime, it’s okay.
