Disney's return to theme park dominance in Florida
Abbreviated Journal Title
price coordination; parallel pricing; theme park demand model; theme; park demand elasticities; TIME-SERIES; UNIT-ROOT; Economics; Hospitality, Leisure, Sport & Tourism
This paper investigates the increasing evidence that Disney has restored its market share dominance and price leadership power in the Central Florida theme park market, while reasserting this region as the base for its global empire. Disney appears to have weathered deep-pockered challenges from Universal Studios and Las Vegas Hotels Successfully, as well as addressing concerns about its ageing brands, adverse demographic trends and posc-9/11 international travel restrictions. After analysing attendance data series and updating ticket price patterns, the authors design a classical attendance demand model to investigate alternative explanations for Disney's Surprising re-emergence. The model generates estimates of critical elasticities with rival theme park admission prices, gasoline prices, airfares, income and Currency exchange rate fluctuations. These findings are pitted against conventional wisdom In explaining Disney's resurgence.
"Disney's return to theme park dominance in Florida" (2010). Faculty Bibliography 2010s. 7016.