Results 1 to 17 of 17

Thread: Look for discounts coming soon at Graceland

  1. #1
    Junior Member
    Join Date
    Aug 2008
    Posts
    368

    Look for discounts coming soon at Graceland

    Everything from Walmart to grocery stores are dropping their prices to fit the consumers wallets. Circuit City just went bankrupt and other retail stores are soon to follow.

    As for tourist destinations, Disney just announced it is laying off 4,000 employees this year because of the economy. Now you know if a major fortune 500 company like Disney is losing out then Graceland will be next or soon. I expect them to be forced to drop the prices half way for everything from ticket prices to merchandise. They will have no other choice because the average visitor won't be able to afford it. This will be good for business as it'll keep it going on an average level of operation. They'll lose money because of the economy but they'll stay afloat and weather the storm until it passes.

    Another thing, don't look for any new attractions or developing to happen anytime soon. The economy is putting a halt on many development projects nationwide. It's too risky for anyone to do any major investing.
    Last edited by Elvislives72; 11-13-2008 at 12:06 PM.

  2. #2
    TCB Mafia Miss Clawdy's Avatar
    Join Date
    Jul 2006
    Location
    Germany & Norway
    Posts
    1,172
    Quote Originally Posted by Elvislives72 View Post
    Another thing, don't look for any new attractions or developing to happen anytime soon.
    What would that be ?

  3. #3
    Loving elvis
    Join Date
    Jul 2007
    Location
    Canada
    Posts
    7,974
    I'am sorry for saying this but this sounds like the member that came here just to post about attractions and developments in memphis..

  4. #4
    TCB Mafia KPM's Avatar
    Join Date
    Oct 2005
    Posts
    7,932
    Whatever happens will happen.
    The economy crumbled in the last 12 months-the Sillerman deal is 4 years old now and yet his plans have been at a standstill this whole time.
    The economy is a problem now-but not until 12 months ago.

  5. #5
    Angel utmom2008's Avatar
    Join Date
    Oct 2007
    Location
    TEXAS
    Posts
    10,021
    Quote Originally Posted by presley31 View Post
    I'am sorry for saying this but this sounds like the member that came here just to post about attractions and developments in memphis..
    I tried to point that out a few days ago....

  6. #6
    Junior Member
    Join Date
    Aug 2008
    Posts
    368
    FYI, no I am not someone from the past. Just because I mention Mr Sillerman's name people want to accuse and assume. But I can leave if that's what you want? I thought by sharing my ideas and views on things that it would help in some ways.

  7. #7
    Quote Originally Posted by Elvislives72 View Post
    FYI, no I am not someone from the past. Just because I mention Mr Sillerman's name people want to accuse and assume. But I can leave if that's what you want? I thought by sharing my ideas and views on things that it would help in some ways.

    So, are you Jay's twin brother?

    Forever Best Friends

  8. #8
    Angel utmom2008's Avatar
    Join Date
    Oct 2007
    Location
    TEXAS
    Posts
    10,021
    Quote Originally Posted by Elvislives72 View Post
    FYI, no I am not someone from the past. Just because I mention Mr Sillerman's name people want to accuse and assume. But I can leave if that's what you want? I thought by sharing my ideas and views on things that it would help in some ways.
    No one said a word about you leaving. We just wish you had known the poster that you keep getting compared to. You would be amazed at how much the two of you are just alike, in all of the different aspects of Elvis' life.

  9. #9
    With Elvis On Tour!!! Jungleroom76's Avatar
    Join Date
    Feb 2004
    Location
    The Empire State
    Posts
    9,609
    Quote Originally Posted by Elvislives72 View Post
    I expect them to be forced to drop the prices half way for everything from ticket prices to merchandise. They will have no other choice because the average visitor won't be able to afford it. This will be good for business as it'll keep it going on an average level of operation. They'll lose money because of the economy but they'll stay afloat and weather the storm until it passes.
    Unfortunately, I can't say I agree with you on this point Elvislives72...especially thumbing through my new EPE merchandise catalog that I just received in the mail and they are advertising items like a $500 bomber jacket and a replica D-28 Martin Guitar for $11,499!!! Even with the current state of the economy, EPE still doesn't get it...they just keep trying to sell items like this to the fans who probably can't afford it. It doesn't give me a great deal of confidence that they will do anything about lower ticket prices for tours or anything else just because of the economy. Eventually, the economy will turn around...it may take a while, but eventually it will...and then EPE would just wind up raising their prices again. While I don't think they will increase their prices right now with the current state of things, I certainly don't anticipate them to lower prices on anything!!

    Besides....personally I think Sillerman is incredibly out of touch with Elvis fans!! I mean, the man can't even be bothered to show up for the 30th Anniversary celebration after promising to be there for months prior...he has to send a video of himself!!! I know they said it was a "scheduling conflict", but I think that was a VERY lame excuse to keep from having to listen to any negative remarks from Elvis fans about the sad state of affairs at EPE these days!!! So instead, he just mails it in....NOT a good way to run a company!!

    Quote Originally Posted by Elvislives72 View Post
    Another thing, don't look for any new attractions or developing to happen anytime soon. The economy is putting a halt on many development projects nationwide. It's too risky for anyone to do any major investing.
    Now THIS part I agree with...especially if the current economic situation drags on for a protracted period of time. Sillerman certainly isn't going to want to invest that kind of money into a project with a questionable financial return!

    While I was initially on Sillerman's side in terms of his takeover of EPE and the investments and plans he was considering for Graceland and EPE, the more I see of things that have come down the pike thus far, I have to say I am less than impressed with him in terms of his ability to do anything more with EPE than was already being done and in fact, his aforementioned 30th Anniversary debacle and my opinion of him being incredibly out of touch with the Elvis community in general, leads me to sadly believe that his takeover of EPE might actually have left things in worse shape then they were before...

    Just my opinion of course...

    TCB!
    Mike


    TCB-World...OPEN for business!!!


  10. #10
    Backstage Pass
    Join Date
    Oct 2007
    Location
    Peoria, IL
    Posts
    150
    I know I cannot afford the VIP tour for my family of 5. It not worth no $69 (I believe) per ticket, cost to park, etc.

  11. #11
    TCB Mafia KPM's Avatar
    Join Date
    Oct 2005
    Posts
    7,932
    Prices are high but the the lower tier tours are much more affordable for families. But ticket prices in general are outrageous-baseball tickets, football tickets, concert tickets-much more. I saw Elvis in 76 for $7.50.
    In 2002 the average ticket price for a Paul McCartney concert was nearly $130. That was 6 years ago.

  12. #12
    Junior Member
    Join Date
    Aug 2008
    Posts
    368
    Quote Originally Posted by KPM View Post
    Prices are high but the the lower tier tours are much more affordable for families. But ticket prices in general are outrageous-baseball tickets, football tickets, concert tickets-much more. I saw Elvis in 76 for $7.50.
    In 2002 the average ticket price for a Paul McCartney concert was nearly $130. That was 6 years ago.
    I agree. The average price to a sporting or concert event is ridiculous even for today. But there is a light at the end of the tunnel and according to the latest reports everything is dropping or expected to drop within the next 4 months. So I expect EPE to take into consideration that if they wanna remain opened they too will have to take a hit to save their business as everyone else is. They're not an exception to the rule as they think.

    Gas is now down to under $2.00 a gallon. So this is a look at where this country is going where things that usually are only affordable by upper class families will be affordable to middle class as well because the value of the American dollar is dropping drastically. That's the only way the economy is going tobe able to reestablish itself.

  13. #13
    TCB Mafia KPM's Avatar
    Join Date
    Oct 2005
    Posts
    7,932
    Quote Originally Posted by Elvislives72 View Post
    I agree. The average price to a sporting or concert event is ridiculous even for today. But there is a light at the end of the tunnel and according to the latest reports everything is dropping or expected to drop within the next 4 months. So I expect EPE to take into consideration that if they wanna remain opened they too will have to take a hit to save their business as everyone else is. They're not an exception to the rule as they think.

    Gas is now down to under $2.00 a gallon. So this is a look at where this country is going where things that usually are only affordable by upper class families will be affordable to middle class as well because the value of the American dollar is dropping drastically. That's the only way the economy is going tobe able to reestablish itself.
    Well we will see as it happens.
    I do not think Graceland will close their doors anytime soon.

  14. #14
    Junior Member
    Join Date
    Aug 2008
    Posts
    368
    Quote Originally Posted by KPM View Post
    Well we will see as it happens.
    I do not think Graceland will close their doors anytime soon.
    I don't see them closing either but I do see them soon lowering prices or adding the planes to the home tour package as a bonus. They can't stay as is ir they'll lose more than they expect. Eventually they'll wake up and face reality.

  15. #15
    TCB Mafia KPM's Avatar
    Join Date
    Oct 2005
    Posts
    7,932
    Quote Originally Posted by Elvislives72 View Post
    I don't see them closing either but I do see them soon lowering prices or adding the planes to the home tour package as a bonus. They can't stay as is ir they'll lose more than they expect. Eventually they'll wake up and face reality.
    If they do-so be it. Its their call they have marketers, cost/to revenue analysts, accountants who know well what needs to be done as it happens.
    Their have been 3 recessions since it opened in 1981-they have seen economic upswings and downturns they obviously know what they need to do.

  16. #16
    Junior Member
    Join Date
    Aug 2008
    Posts
    368
    Quote Originally Posted by KPM View Post
    If they do-so be it. Its their call they have marketers, cost/to revenue analysts, accountants who know well what needs to be done as it happens.
    Their have been 3 recessions since it opened in 1981-they have seen economic upswings and downturns they obviously know what they need to do.
    America has not been in such a recession as we're in now since the great depression of the 40's, not to mention the rest of the world.

  17. #17
    TCB Mafia KPM's Avatar
    Join Date
    Oct 2005
    Posts
    7,932
    Quote Originally Posted by Elvislives72 View Post
    America has not been in such a recession as we're in now since the great depression of the 40's, not to mention the rest of the world.
    This is true-do not dispute it. The economic models of a recession are the same-the economy recedes, harder in some industries than others- and in business the process for dealing with them is the same.
    So whatever needs to be done I have no doubt that the business leaders of EPE will handle it as they have in the past.
    I am not of the school of thought that the end is near for anyone.
    Strong companies-and EPE has consistently ranked as a strong company- survive.
    In peak seasons they employ more full time employees and when the peak seasons are over that is cut back.
    After 9-11 when the world was afraid to travel they laid off 50 employees-to wait out the fear.
    They have consistently worked to create package deals and special pricing to encourage business.

    EPE also manages his estate's real estate holdings, centered around that most evocative address, Graceland. With 650,000 visitors a year, Graceland, Presley's Memphis mansion, is second only to the White House among the most visited residences in the United States. EPE does not release financial information, and estimates of annual revenues vary from $25 million to $250 million, with $50 million a likely number. With an economic impact of up to $400 million a year for Memphis, and charitable programs reminiscent of Presley's legendary generosity, EPE is one of that city's prized corporate citizens.
    Forbes top 13 highest-earning dead celebrities:

    1. Elvis Presley - $52 million
    2. Charles M. Shulz - $33m
    3. Heath Ledger - $20m
    4. Albert Einstein - $18m
    5. Aaron Spelling - $15m
    6. Dr Seuss (Theodor Geisel) - $12m
    7. John Lennon - $9m
    8. Andy Warhol - $9m
    9. Marilyn Monroe - $6.5m
    10. Steve McQueen - $6m
    11. Paul Newman - $5m
    12. James Dean - $5m
    13. Marvin Gaye - $3.5m
    Source: Music News / Updated: Oct 28, 2008

Similar Threads

  1. The Nelson Brothers are coming to Graceland!
    By presley31 in forum Off topic
    Replies: 0
    Last Post: 06-30-2008, 01:15 PM
  2. Replies: 36
    Last Post: 01-26-2007, 05:26 AM
  3. American Idol's Final Four Coming To Graceland
    By Elvis.com in forum Elvis Presley
    Replies: 15
    Last Post: 05-13-2006, 12:01 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •