What was projected ROI for FP+?
What's the ROI benchmark that moves this beyond "boondoggle?"
What does Disney project, after full rollout and hard numbers (you choose the time frame), FP+ will look like? Do they see same-day FP pulls after you use up pre-books? Do they see an opportunity for FP pulls that will support another revenue channel (ParkHopper)?
I don't have internal documents (and neither do you) but Disney always has "things on the table" that various project managers are proposing: new rides and shows, new hotels, park expansions, whole new parks. To beat out any of those proposals MyMagic/FastPass would have had to look better, financially, on paper. When you're looking at spending a billion dollars, the bottom line is the ultimate decider. And, on that level, it is unquestionably a big, fat failure.
We are now at approximately three-plus years in active development, which is roughly equal to the (construction) time spent overhauling California Adventure in
Disneyland and double the time it took Universal to bring Harry Potter Part 1 online. Compared to those projects, calling MyMagic plus a boondoggle is being kind.
Carsland, at just over a billion itself, reportedly resulted in 30% attendance jumps AND record hotel occupancy (with NO discounts) for Disneyland in year one of operation. Every hotel in Anaheim reported increased occupancy rates. Major win. Those numbers have slowed, but not stopped, in year two, with Disneyland currently seeing something like a 6-8% increase so far for year two.
Universal did even better, though they admittedly started further back than any Disney park, with 30%+ attendance jumps for two-plus years, with attendance continuing to grow at 8-10% year after that (which is, frankly, phenomenal), even without Harry Potter Part 2 online yet. Occupancy rates at Universal hotels were listed as being up as much as 40% at one point. Again, numbers that are basically unprecedented for projects that cost them far less than either of the Disney examples.
So far, Disney World has a 1.5% attendance gain over it's pre-FastPass+/MyMagic incarnation, and that includes the opening of "New Fantasyland," which also resulted in a similar >5% year-over-year bump.
Now there's no way Disney doesn't try to spin this as a success story, regardless of actual numbers, but there's also zero chance this is even coming CLOSE to meeting profitability expectations.
There's been a lot of talk about per-guest spending, and that's definitely an area any market is always looking to increase, but the real, big money comes from MORE customers. There's only so much, realistically, you can expect to increase an existing customer to. (see: blood from stone) You've gotta' grow your overall numbers to see siginficant profit upticks. That's why they call it "growth" ... And why every corporation in America, including Disney, is hugely focused on "new customer acquisition" as its primary goal.
I don't see FastPass+ driving a single new customer through Disney's doors ... Or Mickey head park gates, as the case may be. Thus, it's not doing what it was supposed to.