How Disney Vacations Became Too Expensive For Many Americans
Once a right of passage for most American families, theme parks like Disney World and Disneyland are quickly becoming out of reach for many middle class American families. Over the past 10 years, the average cost for a Disney World single-park ticket has increased more than 56%, above the national rate of inflation of 32% in the same period. And that doesn’t include the cost of food, merchandise, lightning lane, hotels and airfare. The average cost of a five-night Disney World vacation for a family of four in 2024, with all the bells and whistles, comes in at around $5,000, according to Wolfe Research. In its Q3 2024 earnings, Disney said its parks and experiences segment felt pressure due to lower consumer demand and inflation. This is a trend that is industry wide — Comcast’s Universal Studios also experienced a drop in attendance in 2024. Disney World is the most visited theme park in the world, but have recent price increases pushed inflation-weary Americans away? Will Disney trips continue to be a staple of American childhoods or is it becoming a luxury? CNBC explores. Chapters 00:00 - 2:37 Cold open 2:42 Magic and money 9:24 Disney debt 12:25 Passholder departure 15:12 What’s next Produced by: Devan Burris Edited by: Marc Ganley Supervising Producer: Jeniece Pettitt Animations by: Christina Locopo » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGB Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC #Disney #DisneyWorld How Disney Vacations Became Too Expensive For Many Americans
