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2015, The SAGE International Encyclopedia of Travel and Tourism
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5 pages
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Welcoming over 50 million visitors per year and holding the title of the most-visited city in the United States, Orlando is best known as the theme-park capital of the world, hosting familiar household names such as the Walt Disney World Resort, Universal Studios and Sea World. From theme parks and resorts to a diverse selection of attractions, meeting facilities, shopping, golf, fine-dining and nightlife, the “City Beautiful” has transformed itself into a tourist mecca of entertainment and leisure.
Considered a modern-day marketing marvel, The Walt Disney Company has a long established and loyal consumer base. Beginning as Disney Brothers Studio in 1923, the Walt Disney Company has diversified into 5 business components -Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive. With a constant emphasis on creating timeless family entertainment, founder Walt Disney passed on to the company the commitment to maintaining the fantasy in which Disney and its theme parks have come to be known. To further expand on these ideals of brand management this paper first reviews the history and current status of the amusement park industry in the form of a situation analysis. It then specifically reviews Disney and identifies strengths, weaknesses, opportunities, and threats via a SWOT analysis. Lastly, it investigates Disney's positioning within the theme park industry with respect to brand personality. Results indicate that Disney maintains a strong and unique position within the industry.
Even as revenue management practices spread from the travel sector to other industries, the US theme park industry practiced static pricing. Highly visible demand-based pricing introduced by Disney and Universal highlights the relative lack of research on theme park pricing. We surveyed the research and gathered pricing information from 70 different US theme park websites in 2012 and 2016 and found that US theme parks in our sample added online ticket sales, discounts for advance sales and differential daily pricing during that period. We also report the proportion of US theme parks offering queue products and meal plans as ticket add-ons. Characteristics of theme parks may prevent true dynamic pricing, but the US theme park industry has begun moving away from its traditional static pricing model towards demand-based pricing.
Selected Bibliography – Themed and Immersive Spaces, In A Reader in Themed and Immersive Spaces. ETC (Carnegie Mellon University), 2016. Full text available at: http://press.etc.cmu.edu/content/reader-themed-and-immersive-spaces
Theme parks have become a global phenomenon, spreading rapidly from their origin in the American amusement park to Europe, the Pacific Rim and beyond. Major transnational leisure corporations such as Walt Disney and Warner Brothers have played a leading role in these developments. Despite considerable success in their home markets, recent problems with transplanting theme parks in Europe have underlined the importance of cultural factors in theme park management. The problems of developing theme parks transnationally are illustrated through an analysis of Disneyland Paris. The problems which Disney encountered in opening their new European park are examined in terms of locational, cultural, managerial and financial terms. It is argued that a basic lack of understanding of European consumer markets was a key cause of these problems.
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