Disney released its 3rd quarter financial report for fiscal year 2021 and is holding its earning call today. In the report, and in the call, Disney has provided updates regarding the number of Disney+ subscribers it has now, how profitable the parks have been during this last quarter, and more.
During the call, Disney also provided some updated information about capacity and just how close to capacity the parks have been and now we’re sharing all of that information with you.
Earlier this year, Disney’s CEO Bob Chapek indicated that Disney World had started to increase its capacity, and that it would continue to increase capacity in the low double-digit numbers over the next several months.
But, what does capacity look like now and how close are the parks to capacity? Well, Disney hasn’t provided exact numbers, but during the third quarter earnings call today Christine McCarthy, Senior Executive Vice President and Chief Financial Officer of the Disney Company, indicated that during the third quarter of fiscal year 2021 “attendance levels were at or near daily capacity levels which increased throughout the quarter.”
So, breaking that down quickly: (1) capacity has increased at Disney World during this past quarter, and (2) attendance levels were at or near those daily capacity limits.
In terms of overall capacity, Disney CEO Bob Chapek indicated that they have opened about 70% of the hotel rooms in Disney World, and that as they scale their businesses to 100% capacity, their efficiencies will become higher.
McCarthy indicated that they’re expecting the parks to be fully staffed by the end of this calendar year, and that they will be increasing capacity as they see an increase in demand. McCarthy noted that the situation right now is an ever-changing landscape with COVID-19 and that they will be careful, but will increase capacity in a measured fashion.
Over at Disneyland, things have also changed in terms of capacity. During the call, McCarthy also noted that Disneyland has increased its attendance and capacity following the Resort’s re-opening in April. Additionally, Disney indicated that attendance and capacity particularly increased after California lifted its state restrictions on June 15th.
As Disney shared in its earnings report, the Parks, Experiences, and Products Division has achieved profitability for the first time since the start of the pandemic.
We’ll continue to keep an eye out for more updates and let you know what we find.
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Have you visited Disney World or Disneyland lately? In the comments below, tell us about your experience with the crowd levels.