Supply And Demand: Disney World
A+ paper
Supply and Demand
August 7, 2011
XECO/212 Principles of Economics
Adam Gifford
Axia College
Abstract
In this paper I will be discussing the affects of supply and demand when traveling to Disney World! I have always wanted to go and have never been able to just take off and go. Now, I will explore the reason for value season, regular season, summer season, peak season and holiday season. In doing so I am hoping to understand when the best time for my husband and I to go there for a little pleasure. The children are all grown up now and I feel this would be a perfect get-a-way. When I discover the secrets to the supply and demand according to Disney World, then I will know what time of year I would get the most for my money …show more content…
and expectations (Intercot, 2011).
Supply and Demand
In determining the factors for supply and demand at Disney World we need to look within Disney World.
There are several factors that come into play including school period. Upon investigating school periods you will find that the rates in the area around Orlando and within Disney World will have good hotel discounts—and comfortable weather. You might find reduced park hours, but that will be offset by reduced crowds and less waiting in lines. Unfortunately this is also the time of year when rides, attractions and some store are scheduled to be renovated. The changes for 2011 came with changes which completely restructured the fall seasons at most of the Disney Resorts. The problem with the restructuring of the fall seasons is that the Value Season is shrinking, and is now mostly only available during the first six weeks of the year; this will not include holiday weekends and Marathon …show more content…
weekend.
When you come to Disney World during the peak season you will find an array of events, longer hours, and night-time attractions. You pay more during this period because the demand for rooms to house tourists is also at its peak. You can ride all of the rides during the peak season but the lines of people are really long. The children are out of school and it’s time for families around the world to take vacations. There is more entertainment, and longer hours with fireworks that make Disney World Magical for all ages.
There are numerous attractions and vacation spots around the world and the United States and there have always been substitutions for a Disney World vacation and there will always be an alternative destination for most.
Disney World is expensive if you want to go see everything and I do believe that everyone should see Disney World at least once in their lifetime. I used to work in Branson, Missouri though, where country and western attire goes with the country and western music. In Branson, there are two theme parks, Silver Dollar City and Branson USA, a water park, Splash Mountain, and for your pleasures, shopping galore for the holidays. There are shows and showboats (The Branson Bell), restaurants and water sports, camping, diving, and even a mine you can travel down into They have the Hollywood Wax Museum, you can ride the Ducks (an amphibious motor car), they have the World’s Largest Toy Museum. Now Branson has The Titanic Historical Society formed by Ed Kamuda in 1963, the THS is the first and largest global organization dedicated to preserving the history of the RMS Titanic and the White Star Line (Titanic Branson
Missouri)
Six Flags over several states give vacationers other options even closer to home. Closer to home can be more economical for the family budget and sometimes just as much fun and sure enough better than no vacation at all. Six Flags season passes range from $59 for four or more people to $99 for individuals where as Disney World season passes start at $469. A huge difference in price can make or break a vacation and for most people. Disney World is a onetime vacation destination for most families.
The demand for these vacation spots is price elastic, meaning that if prices fall demand will increase by a larger percentage than the percentage drop in price. Price elasticity of demand is defined as the measure of responsiveness in the quantity demanded for a commodity as a result of change in price of the same commodity. In other words, it is percentage change in quantity demanded as per the percentage change in price of the same commodity.
Reference List
Intercot. (2011). Retrieved August 7, 2011, from Disney Inside & Out: http://www.intercot.com/infocentral/discounts/valueseason.asp
Titanic Branson Missouri. (n.d.). Retrieved August 7, 2011, from http://www.titanicbranson.com/index.php
Supply and Demand
August 7, 2011
XECO/212 Principles of Economics
Adam Gifford
Axia College
Abstract
In this paper I will be discussing the affects of supply and demand when traveling to Disney World! I have always wanted to go and have never been able to just take off and go. Now, I will explore the reason for value season, regular season, summer season, peak season and holiday season. In doing so I am hoping to understand when the best time for my husband and I to go there for a little pleasure. The children are all grown up now and I feel this would be a perfect get-a-way. When I discover the secrets to the supply and demand according to Disney World, then I will know what time of year I would get the most for my money …show more content…
and expectations (Intercot, 2011).
Supply and Demand
In determining the factors for supply and demand at Disney World we need to look within Disney World.
There are several factors that come into play including school period. Upon investigating school periods you will find that the rates in the area around Orlando and within Disney World will have good hotel discounts—and comfortable weather. You might find reduced park hours, but that will be offset by reduced crowds and less waiting in lines. Unfortunately this is also the time of year when rides, attractions and some store are scheduled to be renovated. The changes for 2011 came with changes which completely restructured the fall seasons at most of the Disney Resorts. The problem with the restructuring of the fall seasons is that the Value Season is shrinking, and is now mostly only available during the first six weeks of the year; this will not include holiday weekends and Marathon …show more content…
weekend.
When you come to Disney World during the peak season you will find an array of events, longer hours, and night-time attractions. You pay more during this period because the demand for rooms to house tourists is also at its peak. You can ride all of the rides during the peak season but the lines of people are really long. The children are out of school and it’s time for families around the world to take vacations. There is more entertainment, and longer hours with fireworks that make Disney World Magical for all ages.
There are numerous attractions and vacation spots around the world and the United States and there have always been substitutions for a Disney World vacation and there will always be an alternative destination for most.
Disney World is expensive if you want to go see everything and I do believe that everyone should see Disney World at least once in their lifetime. I used to work in Branson, Missouri though, where country and western attire goes with the country and western music. In Branson, there are two theme parks, Silver Dollar City and Branson USA, a water park, Splash Mountain, and for your pleasures, shopping galore for the holidays. There are shows and showboats (The Branson Bell), restaurants and water sports, camping, diving, and even a mine you can travel down into They have the Hollywood Wax Museum, you can ride the Ducks (an amphibious motor car), they have the World’s Largest Toy Museum. Now Branson has The Titanic Historical Society formed by Ed Kamuda in 1963, the THS is the first and largest global organization dedicated to preserving the history of the RMS Titanic and the White Star Line (Titanic Branson
Missouri)
Six Flags over several states give vacationers other options even closer to home. Closer to home can be more economical for the family budget and sometimes just as much fun and sure enough better than no vacation at all. Six Flags season passes range from $59 for four or more people to $99 for individuals where as Disney World season passes start at $469. A huge difference in price can make or break a vacation and for most people. Disney World is a onetime vacation destination for most families.
The demand for these vacation spots is price elastic, meaning that if prices fall demand will increase by a larger percentage than the percentage drop in price. Price elasticity of demand is defined as the measure of responsiveness in the quantity demanded for a commodity as a result of change in price of the same commodity. In other words, it is percentage change in quantity demanded as per the percentage change in price of the same commodity.
Reference List
Intercot. (2011). Retrieved August 7, 2011, from Disney Inside & Out: http://www.intercot.com/infocentral/discounts/valueseason.asp
Titanic Branson Missouri. (n.d.). Retrieved August 7, 2011, from http://www.titanicbranson.com/index.php