RossL

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  1. No, because they scrubbed it for 3 days at $119 but it was only 2 days until recently. Further 10% off that price with Groupon is also new. Why the change? Because they want people to visit for more days.
  2. Maybe. I don't think $139 is unreasonable for locals, especially for what one pass includes and that it is 12 months rather than locking until June 30...but this is how they could end up with less revenue. Pretty sure most locals could happily take a 6 month break, no need to directly continue your pass. So they're getting $139/18 months rather than $99/12 months. The kicker here though is about holiday makers. Pretty easy to buy the VIP pass for $99 and then let the kids go to the parks 5 out of the 7 days on the Gold Coast. Now, you buy a two day pass for $119-stuff paying the extra $80 to make it $199. What have the parks lost? 3 days of revenue, probably $40 a day for $120. They gained $20 at the gate, to lose a heap through F&B...less food sold, makes the food operation way more marginal. Where they used to spend $300, they spend $200 and then spend $100 elsewhere. No shortage of other activities that will happily take your $$$ on the Gold Coast. Or you buy the 12 month pass and visit a week earlier next year, so they get $199x1 as opposed to $99x2 at the gate. Less visitors, means less need to spend a lot of time in the park-low ride wait times, also meaning no need for anyone to buy fastpasses. There's plenty of potential pitfalls in their new pricing strategy and I'm guessing they've fallen into a few-it doesn't appear to be a slam dunk move to be profit accretive. Most of the 'consumer surplus' is captured in the first visit to a park. I'll pay insanely more to visit a park for the first time, than to repeat visit.
  3. Well that is because management are trying to avoid blaming themselves and making up rubbish. If things went well, it would be their wonderful management (not the wonderful weather or the record number of tourists visiting the Gold Coast). And because things haven't been great, blame the weather and blame the games which weren't even in the period.
  4. RossL

    VTP Annual Pass Changes

    $99 for a 7 day pass at Flight Centre.
  5. But the games didn't even impact their third quarter. And March is always wet on the Gold Coast. Let's go back to what they changed, their pricing? Is that really still successful? They've just launched some discounts to it? And here's their update: Renewal rates are not going to be great unless they roll out some discounted VIP passes, so yeah, expect to get slaughtered on some of the expected revenue in May and June.
  6. RossL

    VTP Annual Pass Changes

    Not sure about other benefits, doubtful you get digital photos for $10/day. Hack is obviously to just buy one onepass and then the rest at a cheaper price point. If you're not planning on returning inside 12 months, a 7 day pass at $149 is probably still better value unless you want to visit Paradise Country.
  7. RossL

    VTP Annual Pass Changes

    4-Park Pass is now $169 for 12 months on groupon: https://www.groupon.com.au/deals/village-roadshow-theme-parks-21 Obviously excludes White Christmas and Carnivale entries unlike a OnePass but still, discounting is here.
  8. Just never believed that it was truly doubling the price as some claimed or that it makes the pricing less confusing or that they won't be tempted into discounting on them... Average ticket price is up 30% in January....revenue up 24% in January...that puts sales down in total numbers. Not even close to great on onepass sales numbers to non-locals seems pretty obvious. Probably quite a few 2-day passes at $119 and onepass to locals at $139...the rest probably not a great performance in total numbers. Many tourists would have locked themselves into trips prior to November. And that is on the period that is mainly post the Dreamworld tragedy. So maybe not a great result. Actually, admissions revenue is up 4% from November 1 to January 31 from what the annual report actually says according to the annual report. So November and December were actually down for admissions revenue. http://villageroadshow.com.au/-/media/VRL-Corporate-Media-Library/Documents/ASX-Announcements/Latest-Announcements/VRL-Half-Year-Report.pdf So how about a theory of lots of locals waited to buy until January with the aim to be using it through to the end of December and then giving it a break for 12 months? Plausible. Oh and this gem on their new annual pass tickets in the presentation: "Entry to White Christmas & Carnivale are included in new annual pass - major value add for visitors" .... so knocking off some of the revenue into tickets rather than having this as a separate purchase. (Yeah I know they used to give one of them away regularly to VIP pass buyers but still, could also contribute to that average ticket price being up.) Attendance across the GC parks down 5.8% in the first half for FY18, drop was 3.6% last year for the first half of FY17 and 13.8% for the second half. Revenue down $5.1M for 1H18 vs revenue down $24M for 2H17....all the more reason to suspect admissions revenue in January wasn't an amazing result....if you took 20% off in January last year and then put 24% on this year you are in the same position. Still think discounting will happen when it comes time for them to renew a lot of the passes that run until the end of June....there'll be people nervous to sure up admission and revenue numbers.
  9. RossL

    Sea World December 2017 Improvements

    They say plastic about 50 times in Seal Guardians too. Not much more worth saying beyond that really.
  10. RossL

    Sea World December 2017 Improvements

    The sneak peek thing is really just a demonstration of behaviours they have been teaching the animals..it isn't too bad. Actually if they demonstrated a few more things and explained everything as in-depth as they do in this "preview" then it would be decent. I expect the actual "show" to be worse as it apparently emphasises how we should protect the environment by recycling etc. Saying you should recycle 100 times is not educational...this is one of my huge criticisms of the affinity dolphin show. They don't actually tell you any facts about the animals, in that case the dolphins but over-emphasise a sound bite without giving you much to relate to. Not very memorable. Hopefully Seal Guardians is better and does actually create some memorable moments....
  11. Come on, doesn't it just look awesome!!!!!!!! How many logs have they actually installed this on? This isn't going to be opening on Tuesday....probably not even in January...
  12. The other point I have is TOT part of a line up of a successful Dreamworld in 10 years time? I don't think so. Giant Drop, Wipeout and Hot Wheels also fail this test for me.
  13. But plenty of trick art museums in Japan and some parks over there also have trick art rooms in them. At a guess the trick art museum in Odaiba (tourist attraction central) is probably more popular than the haunted house also there. Either of those is well down any Odaiba bucketlist, just like a trick art museum on the Gold Coast.
  14. RossL

    Tips for Asia Trips

    AFAIK all Star Tours worldwide were updated to include The Last Jedi. Beauty and the Beast I'm pretty sure is what you're referring to. The tip is for a fantastic e-ticket attraction. Big Hero 6 is also going in there somewhere too. https://nerdist.com/beauty-and-the-beast-and-big-hero-6-coming-soon-to-tokyo-disneyland/