It’s time for some Disney news, people! The company often shares important updates and news during its quarterly earnings calls as well as during events like Investor Days, so we monitor all of these happenings in order to keep you informed.
Today, The Walt Disney Company took part in a Q&A session at the Morgan Stanley Technology, Media and Telecom Conference, and there were some interesting comments made about capacity at the Disney Parks.
Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company, Christine McCarthy, participated in the session at the conference this afternoon. It was live-streamed over a webcast on Disney’s website. McCarthy was asked about park capacity on the call, and we have all of her remarks right here.
The Disney executive said that the parks are NOT yet back to full capacity, but they are coming back towards it. McCarthy went on to say that they know how many people are going to the parks on a given day, which allows them to better balance load throughout the year, week, and month.
When asked if the attendance levels were going to go back to what we saw before the global pandemic began, McCarthy said no, that they are managing things differently now. On the topic of crowd management, the executive mentioned how nighttime attractions and parades and good for load balancing since people that would be in lines for rides are watching the entertainment.
She also said that they “don’t want to have the parks bursting at the seams,” adding that when they’re not as crowded, you’re having a better time and you’re probably inclined to spend more money.
So, even though we’ve seen major crowds in the Disney World parks lately, they are still not back to full capacity. Stay tuned to DFB for more Disney news, info, and updates.
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Do you have a trip to Disney World coming up soon? Let us know in the comments!