Kaltbaum Capital Management’s Gary Kaltbaum and Geltrude and Company founder Dan Geltrude discuss Disney World raising ticket prices and consumer spending habits amid inflation.
Some families are willingly going into debt to visit Walt Disney World in Orlando, Florida, according to a recent study.
The study conducted by LendingTree, a financial website, found that 18% of 1,500 surveyed consumers reported incurring debt during a visit to Walt Disney World, which celebrates its 50th anniversary in 2022. The research found that parents with children under the age of 18 were most likely to incur this additional expense.
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The study also found that pricey dining options and ticket prices at the park were higher than what many people had initially anticipated or budgeted for. The average cost for a one-day, single-park ticket for adults and children ages 10 and older from November 2022 to October 2023 will be $141.74, though the price could increase.
According to an analysis by Mouse Hacking, a Disney-focused blog, the cost of a Disney World vacation for a family of four — consisting of two adults, one child aged 10 or older, and one child aged 3 to 9 — was $5,731 in 2022, or approximately $287 per person per night.
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