food IS a theme park
Analysts are taking another look at the projected future of the Disney theme parks.
Magic Kingdom
The last year has had a lot of ups and downs for the Disney theme parks around the globe. The worldwide pandemic forced every single park to close and the road to a full reopening has been rocky at times. Some parks, Disneyland included, remain closed. Now, Wall Street analysts are forecasting an optimistic outlook for 2022.
Hong Kong Disneyland reopened on June 18th after its historic closure in response to the global health crisis.
©Disney
After almost a month of being reopen with new health measures in place, the park is once more taking significant action in response to the global health crisis. Hong Kong Disneyland has announced that the resort will be RECLOSING due to an uptick in Covid-19 cases in the region.
We’ve been super focused on all the ways that the global health crisis is affecting The Walt Disney Company. It’s hard not to be!
Walt Disney World
But Disney really is only a piece of a much bigger problem. We’ve talked a little bit about the way that air travel has been affected, but the global tourism industry as a whole is taking a massive hit. We’re taking a look at all the ways international travel is being affected as well as what the industry is doing to fix things. Let’s dive in!
Just yesterday we found out the Universal Orlando intends to open on June 5th.
Disneyland Main Entrance
Naturally, this has us wondering when Disney parks will seek to reopen (they are set to submit their proposal next week). Today, the Guest Relations team from the domestic parks released a statement about expectations for Disney World and Disneyland. Here’s what they said.
There certainly are some interesting situations arising in the travel market as a result of the global health crisis.
Magic Kingdom
Perhaps the two most notable of these situations are the changes to the way that air travel works and the temporary and permanent closures that are currently affecting the tourism industry. We’re taking a look at how such massive effects could impact YOUR next Disney vacation and giving some tips to help. Let’s dive in.
The Walt Disney Company holds a relatively impeccable brand image, one that has been known and loved by millions over generations.
Disney World Skyliner
Still, sometimes even the happiest and most wholesome of brands will take a hit from a surprising accident or miscommunication. From the Skyliner incident in 2019Â to the international closure of all Disney parks, check out these 7 times that Disney had to deal with a public relations nightmare!
With such a drastic interruption to Disney’s business model, there have been lots of discussions on the kind of losses they’ll be enduring.
Cinderella Castle
Analysts have been making tons of predictions as to what Disney’s financial loss will look like after all of this. Now, some are saying that Disney could lose around $1 billion every month that the parks remain closed. Let’s see what they’re looking at.
Today, Shanghai Disneyland became the first Disney theme park to reopen following the recent closures.
©CNBC
In reaction to the opening day, CNBC conducted an interview with Bob Chapek, the CEO of the Walt Disney Company. In the interview, Chapek commented on pent-up demand for the theme parks, the role of guests in keeping everyone safe, and some of the ways the global health crisis has had an effect on the company.
It’s been a busy week with Disney Parks closure updates! Shanghai Disneyland will begin its phased reopening on May 11, 2020 with limited entertainment and safety precautions. Walt Disney World also announced that Disney Springs will begin reopening limited third party locations on May 20, 2020.Â
©Disney
However, we also reported earlier that Walt Disney World is no longer accepting resort hotel reservations before July 1, 2020. And now, more Disney events and dining are suddenly unavailable for booking through June.
Disneyland Resort is currently closed until further notice and now it looks like mid-summer could potentially be the earliest reopening.
Disneyland’s Sleeping Beauty Castle
Prior to today, Disneyland and Disney World both were accepting reservations for June 1st and later. But according to OCR, Disneyland has pushed this to July.
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