You said this so well! In 1986 Toon Town wasn't there either. My first trip was 1989.There are many factors that explain why attendance is higher even though the price is higher:
Other folks mention other factors like decreases in real dollars of some other things associated with travel like plane tickets.
- Capacity is higher because the park has been greatly expanded. Compared to 1986, we now have Star Wars land and California Adventure. The park literally has more attractions and space for folks.
- Demand has gone way up comparatively. I think the late 80’s-90’s Disney renaissance created an entire generation of kids in love with Disney (think Little Mermaid, Aladdin, Lion King). They have also acquired new franchises like Star Wars and Marvel. The addition of Carsland also greatly boosted demand.
- Population growth! There are a lot more people now than back then.
I realize that it looks like price doesn’t seem to be impacting demand but if Disney hadn’t raised prices, things would only be worse. There really isn’t a more agreed upon economic theory than Supply and Demand.
I am one of the many who will just keep going. I purposefully choose where to spend my money, I will save on other things but don't take my Disney!