Connect with us

TRAVEL

Analyst Predicts Disney Parks Won’t Reopen Until Next Year

Published

4 years ago

on

Source: Disney Parks

A financial analyst caused a stir with Disney fans on Monday after predicting the company’s theme parks wouldn’t reopen for business until 2021.

According to USA Today, financial analyst John Hodulik issued a report entitled Eye of the Storm in which he predicted Disney World, Disneyland and overseas Disney parks would remain closed through 2020 due to health and economic concerns related to COVID-19.

“We believe Parks’ profitability will be impaired for a longer period of time given the lingering effects of the outbreak and now assume an opening date of Jan. 1 as our base case,” USA Today report Hodulik as writing. “That said, the economic recession plus the need for social distancing, new health precautions, the lack of travel and crowd aversion are likely to make this business less profitable until there is a widely available vaccine.”

Hodulik predicts the economy will begin opening in stages, with theme parks and stadiums being “low on the list.”
ADVERTISEMENT - CONTINUE BELOW

Related Topics:
bonvoyaged.com

Welcome to Bon Voyaged, your gateway to a world of adventure, exploration, and cultural discovery. Whether you're an intrepid globetrotter planning your next big adventure, a travel enthusiast seeking inspiration for your bucket list, or simply someone looking to escape through the wonders of travel from the comfort of your own home, our platform is here to provide you with a wealth of information, tips, and inspiration. Join us in celebrating the beauty and diversity of our world as we share stories, recommendations, and a passion for wanderlust that knows no boundaries.