While attendance is currently "up" at the Disney parks - I wonder if that is due to some sort of knee-jerk Covid syndrome. No doubt the price hikes appear to have had little effect on attendance, but the real test will be in coming years.
Parks are still rebounding from the Covid pandemic - meaning a lot of the high attendance could be attributed to families postponing their trips/visits until now.
However, given the lackluster reviews Disney parks are getting from guests these days (too crowded, bad merch, food quality poor, customer service in toilet, lathing of Genie +) that could cost Disney in the long run. Guests flooding the parks now may walk away with a general dissatisfaction and a feeling of no value for their money. In addition, price hikes may limit the frequency of return visits. A family that visited every two years may now only be able to afford a trip every 5 years. Families that visited every 5 years may not return for another 10... etc.
I was at WDW this past April. I can attest firsthand that the quality, and overall enjoyment of the parks just wasn't where it needed to be. For the first time in 40+ years of attending Disney Parks, I left with a "meh" feeling. Also, for the first time in 20 years I stayed off-property (because on-property room rates were literally jaw dropping expensive.) I can count on 3 fingers the amount of merch I bought - and those were purchased at Disney Springs (in past trips, I have been forced to have merch items shipped to me because there were so many to choose from.) I encountered not one, not two, but three ummm.... "lackluster" employees. You could tell they were not happy in their jobs and were blatant in their bad attitudes with guests. Frankly, one particular cast member at the Liberty Tree Tavern should have been fired on the spot.
And I have to tell you, Genie+ - while good in theory - essentially serves the purpose of ruining your day. At least one (or more) persons in each party spends all day navigating their phone - its confusing, aggravating and frustrating. The sad thing is, they have forced it on guests - so they have no choice other than use it.