Wall Street analyst points out that the “Star Wars Hotel” is booked solid for months.
“The reports of my death are greatly exaggerated,” is a quote attributed to Samuel Clemens. However, he actually wrote, “The report of my death was an exaggeration.”
No matter. The point is that good ol’ Mark Twain told the world, “You got this wrong. Really wrong.”
And I don’t need to tell you that clickbait is often just that. Wrong. Really wrong.
BTW: That’s especially so with Star Wars or Disney stories. Combine the two and put the subject within the confines of Walt Disney World, and you have a click tacklebox.
Such is what happened recently when various reports of the failure of Walt Disney World’s Star Wars: Galactic Starcruiser.
To wit, The Motley Fool’s resident Disney expert, Rick Munarriz, wrote:
The next availability is for Aug. 16, and pricing [$4,809 for a two-night stay for a party of two] hasn’t budged since the maiden voyage in March… right now the bar-raising interactive experience isn’t a flop. It’s just an easy target for critics with aim as bad as that of Stormtroopers.Rick Munnariz, The Motley Fool
Moreover, Munnariz also explained what the poorly-aimed sites were betting on as they reported about the luxury-priced immersive attraction.
Human nature. Publications know that most of their readers will never justify spending that much for a live-action role-playing game. A lot of people want experiences for the well-to-do to fail. There’s also a conservative chunk of the population that resents Disney World for taking a “woke” political stance in Florida… It doesn’t matter that reality paints a different picture.
But what really matters, at least to this guy, is why my 13 shares of Disney stock are now worth $99 when in March 2021, it was up over $197.
Whether the Star Wars Hotel is full or not, at just .3% of WDW’s overall room offerings, it’s not the driving factor in that downturn.
So, keep it here for more on the struggling stock and what might be done to help it find its way over $100.
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