In a somewhat odd change, Disney is currently releasing Walt Disney World operating hours one day at a time. Previously, hours were normally released for entire weeks. We first noticed the change when hours were released for October 31. The hours for Halloween were released August 21. Since that time, each subsequent release has been … Read more
The Walt Disney Company released its Q3 2021 earnings today, and CEO Bob Chapek spoke about the parks in detail. While the international parks posted a loss, the U.S. parks saw the first profitable quarter since the pandemic began in 2020. Walt Disney World has been at or near capacity consistently. Chief Financial Officer Christine … Read more
UBS predicts that Disneyland and other Disney theme parks will reach historical attendance levels by 2022 due to pent-up demand. “We believe the parks business has bottomed and we’ll see improved attendance/profitability as the vaccine becomes more widely distributed,” UBS financial analyst John Hodulik stated in the report. “We expect parks to approach historical performance … Read more
While reopening their theme parks is a major step on the road to Disney’s economic recovery from the effects of the COVID-19 pandemic, there’s still a long road ahead. According to StreetInsider.com, Deutsche Bank reported that worldwide Disney Park attendance remains down 80% year-over-year from 2019 per their proprietary geolocation data. For months, parks around … Read more
Despite the opening of Star Wars: Galaxy’s Edge at both Walt Disney World and the Disneyland Resort, attendance at Disney Parks worldwide showed stagnation last year, and even backslid in some places, according to the newly released 2019 Theme Index and Museum Index published by the Themed Entertainment Association (TEA) and AECOM. Worldwide, Walt Disney … Read more
While the Disney Parks were pretty much packed right up until their inevitable closure in the lead-up to the Coronavirus (COVID-19) pandemic, with new social distancing guidelines in place and even the prospect of potential temperature checks to enter the parks, it seems guests will have a whole new set of factors to worry about … Read more