100% correct. We visit Movieworld at least once a month thanks to the $12/mth deal, and as a local I'm more likely to spend on popcorn, drinks, donuts in the park for my kids.
Our plan is to cancel our memberships and potentially take them up on the $189 peace offering.
$288 however is out of the question.
Given the hefty levels of ride maintenance this year though, I don't think it's worth the price hike. A park operating at less than 50% capacity of its main attractions isn't good optics.
Another option for us is simply to renew once the Oz precinct is up and running.