Disney theme parks may not reopen until 2021, Wall Street analyst says

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Disneyland and Disney World could remain closed until next year, according to a Wall Street analyst this week.

The theme parks were first scheduled to reopen on April 1. They closed in mid-March as the coronavirus epidemic began to spread to the United States, but soon Disney changed the date to “closed until further notice,” leaving fans wondering when they can fly again in the sky with Dumbo or be frightened in the haunted manor.

UBS Swiss bank analyst John Hodulik told his clients this week that he thought it was likely that the theme parks would not open until January 2021, the Los Angeles Times reported.

“In addition, we now believe that the lingering effects of the epidemic – including crowd avoidance, new health precautions, etc. – will dramatically reduce the profitability of these companies even after they reopen until a vaccine is widely available, “Hodulik wrote on Monday as he changed his Disney stock rating from” buy “to” neutral “.

DISNEYLAND, DISNEY WORLD REMAINS CLOSED ‘UNTIL ADDITIONAL NOTICE EN IN CASE OF CORONAVIRUS EVOLUTION

He also said next year’s attendance will likely be cut in half by 2019.

Disney Executive Chairman Bob Iger told Barron that parks will need “more control, more restrictions” if they reopen before a vaccine is available so customers “feel comfortable” ‘to be safe “.

“Just as we are now checking the baggage of everyone going to our parks, there may be a point at some point when we add something that takes people’s temperatures, for example,” said Iger.

Several Disney fan forums have discussed what they say is a leaked plan for the reopening of Disney World which would include limited capacity, temperature controls to safety and no parades, castle shows or bonfires. ‘artifice. Guests are also expected to sign a disclaimer form, the Times reported.

Disneyland has not confirmed whether the plan is authentic.

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Disneyland and Disney World’s Magic Kingdom are the two busiest theme parks in the world, according to The Times. In 2018, Disneyland welcomed 18.7 million visitors.

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