Disney World to revamp ride reservations system

Disney World (DIS) is set to revamp its ride reservation system by allowing reservations up to a week in advance, starting July 24.

Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for Disney and what they could mean for the company moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Nicholas Jacobino

Video transcript

Oh, Disney World in Florida is revamping its ride reservation system starting July 24th.

Disney Hotel guests will be able to book ride reservations up to a week ahead, and other park attendees can book up to three days in advance Now, currently, visitors can really only book spots on the day of their visit.

I haven't been to Disney World since high school.

I wanna say so, Yeah, because it so I've been barred from the magic for a little bit.

I've driven by Disney World when I was in Orlando last year, but it seems like people are still having a fun time there at, uh what they deem the most magical place on earth.

Um, but it's gotten a little bit more expensive.

Yeah, I was gonna say they better be having a heck of a time there, just considering how much it costs.

I'm actually shell shocked right now, and I have two young kids, so I guess maybe I'm going to be going to Disney World sooner than I would like to admit.

And the fact that people are paying this much just we we're not been getting into the news of the day that people are paying this much to enter the parks is just something I'm still wrapping my head around.

Now, if you wanna pay even more here in order to reserve your place in line, maybe if you are, I guess you can rationalise it.

You're already paying so much, so you might as well capitalise on the time that you have there.

But But I think this makes sense.

And this also goes back to what we have seen Disney do over the last several years.

They're trying to make their parks more efficient.

They're doing this because they see it ultimately driving revenue here in the longer term.

So they're trying to cut down on crowding.

They see that potentially helping revenue here over the next several quarters next several years.

How much people are willing to pay for these multi passes and to and to cut lines.

I think that is what is up for debate right now.

Exactly what, like demand is going to look like.

But again, when you take a look at the crowds of people month after month at Disney World and the fact that people are continuing to spend and take their trips to Disney World.

Even in this macroeconomic environment, it does say something right?

Even in this economy.

Uh, you know, I was looking at some data from the points guy, actually who and this is the 2023 data we'll see if we get at the end of 2024 some aggregate costs.

Uh, but ultimately, they said, excluding taxes, the total came out to and and of course, this includes the two day tickets granted entry into Disney's Hollywood studios on one day Magic Kingdom and another day total came out to $282.55 a person for everyone 10 and up and then so ultimately collectively spent 1100 just south of $1200 for two days of Disney World tickets for four people insane.

That's that's actually on the low end of what I've heard