It’s no surprise that the Disney company has had a hard year when it comes to the theme parks.
Magic Kingdom
Last month, we learned during the recent company earnings call that Disney had lost billions in revenue from the park closures earlier this year. Now, many of the parks are open again and Disney executives say that they are making a net positive contribution to the bottom line. But how long until Disney’s earnings are back where they used to be?
According to the Orange County Register, Deutsche Bank analysts are weighing in in a new report about the coming years for the Walt Disney Company. The analysts explain that the 2021 Fiscal Year will likely constitute another “lost year” for Disney Parks, Experiences, and Products.
Mickey Mouse
Ultimately, the forecast for the decline in Disney Parks, Experiences, and Products revenue for 2020 is expected to be a whopping $9.8 billion. Analysts consider Disney unable to see a full recovery until a treatment and vaccine are widely available, predicting a return to pre-pandemic revenues all the way in 2023.
EPCOT
It isn’t all bad news though. At this time, analysts do note that “We believe the recovery in theme park attendance is progressing, albeit gradually.” This improvement in attendance is one that could be seen with the crowd levels in Disney World during Labor Day weekend. The assessment is that the recovery trend will continue as cases in Florida decline.
The Emporium
Plus, though 2021 may be lost, the Deutsche Bank analysts are forecasting “substantial improvement” in 2022 with pre-pandemic revenues returning in 2023. Even better for the company, the report notes that the Disney Parks, Experiences, and Products sector may see revenue at $10 billion higher than pre-pandemic levels by 2025.
Disney World
Outside of the theme park division, Disney is still considered in good shape. Despite such a long road to recovery for the parks, the Deutsche Bank upgraded Disney’s stock on the strength of Disney+. Now, Disney stock is once again considered “Buy.”
As always, stay tuned to DFB for the latest updates and to hear about the newest financial predictions for the Walt Disney Company.
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I think Disney could improve their financial recover a little faster if they would follow the governor’s comment that the theme park could do more by increasing their attendence limit closer to 50 % and then continue increasing as things improve. I have follwed the reopening of Disney World and there seems to be enough precautions in place. Disney needs to encourage people to come by re-instating some of their programs that are important to people. Like the Dining Plans, advanced reservations and more of the popular restaurants, which would draw people to the parks.
I have a vacation coming up in May 2021 which is going to be much more expensive, if Disney does not re-instate the Dining Plans. It may come down to our not coming. I am not an annual passholder but I am a DVC member, we plan a vacation at Disney World yearly. Some of my family has canceled their vacations this coming year not because of Covid-19 but because of the absence of the Dining Plans.
I am sorry for inappropriate lying. By the spring or summer of 2021, over most of these Californian counties could go to phase four. Disneyland / Disney’s California Adventure could reopen by Monday, May 3, 2021. Please forgive me!
Although obviously a lot of Americans go to Disney,until Europeans are allowed to travel to the US Disney will be at a loss.Whereas Americans go for long weekends,Europeans normally book the whole package for 2 weeks spending most of their time in parks and Disney property so Disney have the monopoly on this
They are estimating future attendance and earnings based on attendance and earnings from ONE holiday weekend? Seems kind of irresponsible forecasting to me.
Disney will continue to see decreased attendance and earnings as long as they persist with the restrictions, reduced experiences, closures, shorter hours, no Dining Plan, etc.
Until Disney returns to NORMAL operations, paying customers will stay away and Disney will continue to see their revenues drop.
As a local, I’ve got to admit that a couple of years worth of low crowds and walk on attractions sounds pretty good.
Disney will continue to suffer very low park attendance and financial loss until the mask requirement is lifted. It’s that simple! Mask are hot and uncomfortable. People will not pay to go on a vacation to be hot and uncomfortable. Mask should be optional. If people want to wear a mask then wear one. If not then don’t.
Attendance is low because of the mask requirement. When mask are no longer required Disney will have normal attendance and begins to make money again.
Teelei, the dining plan is a money maker for WDW, otherwise they would not sell it. Saying that you will not go to WDW because they won’t let you give them more of your money is nuts. The lack of dining plan, while important to you, is really not a big factor in why people are not going to the parks right now. The pandemic is first and foremost, followed by the limited entertainment and offerings is what is keeping people away. If they increased their hours, offered more in the way of entertainment and brought back park hoppers, they would see their attendance increase.
Agree. Teelei you are not saving money but many think they are. You are a DVC owner which means you can buy TIW card. I find if you like sit down dining, it is a much better deal. Easy 20% off of everything including alcohol. Dine where you like have a drink poolside from many DVC resorts. It pays for itself usually in one trip. It’s good for a year. Sometime depending on timing there is a overlap so if you go once a year when it’s good for 13 months you can get two trips. It covers everyone in your dining party up to a certain amount but it is generous. DDP as with many other things Disney has added through the year is great when one wants to overthink every minute of their vacation.