Disney Parks Running At Slight Profit At Reduced Capacity
News - WDW 05-Aug-2020
As a bit of a numbers and company performance nerd, I was fascinated to know if Disney parks would be able to break-even during their reopening while running at much lower capacity due to the COVID-19 pandemic. While a good chunk of the cost of running the theme parks are set, there are a few variables, like staffing costs.
In Disney's Q3 2020 earnings report, CEO Bob Chapek said that demand was lower than expected (partially due to high COVID-19 cases in the state of Florida at the moment), but revenue was exceeding costs, resulting in running at a very slim profit.
With the majority of current visitors being annual passholders - who are usually the least profitable guest vs regular tourists - it appears Disney will be running the parks at just above break-even until COVID-19 numbers come down and more people from out-of-state come to visit again.
Book your 2023 Walt Disney World Resort holiday today to take advantage of Disney's "The Magic is Yours" package . Book your stay on select dates to take advantage of Disney's best offer for 2023.
"The Magic Is Yours... Read more >
Disney has announced the return of more Enchanting Extras at EPCOT today. Behind the Seeds is returning. This one-hour walking tour gives you an up-close and personal view of amazing plants, insects and fish throughout f... Read more >
On the evening of August 15th, Disney let local residents know that they will be conducting fireworks tests at around midnight at the Magic Kingdom. Curious why Disney would be doing fireworks tests when 'Disney Enchantm... Read more >
Over the summer, Walt Disney World has seen the return of many character meet and greets and character dining. While there's still a few characters yet to return, two characters are now back in their meet and greet meeti... Read more >
With many other cruise lines dropping their testing requirements, we're eagerly awaiting when/if Disney will alter theirs. Today, Disney updated their "know before you go" page, but the only restriction that was changed ... Read more >
Star Wars: A Galactic Spectacular is a nighttime show at Disney's Hollywood Studios that has not yet returned, just like Fantasmic. Even though Fantasmic has a return date of "2022" we all agree needs to come back ASAP. ... Read more >
Orlando International Airport (MCO) will open their brand new terminal - Terminal C - towards the end of September 2022. Airlines flying from the UK have already announced they'll be landing at this new terminal, those a... Read more >
Orlando International Airport (MCO) has been building a brand new terminal (Terminal C) to increase their capacity to cope with the amount of travellers visiting Florida each year. Terminal C will be home to 24 Food & B... Read more >
If you're going to Mickey's Not-So-Scary Halloween party this year, you can take the experience up a notch by also booking Disney's Not-So-Spooky Spectacular Dessert Party. After you enjoy an hour of dessert buffet feas... Read more >
A new "Transportation" section has been added to My Disney Experience this morning. Tap on the bottom right hamburger menu icon, and you'll see the new Transportation section at the bottom. When you tap it, you'll see a... Read more >