Currently, Disney Parks worldwide are closed, as health officials discourage any large gatherings during the current health crisis. While a definitive resolution likely won’t arrive for some time (when vaccines complete medical trials), Disney is already looking at ways to reintroduce guests to the park. In an interview with Barron’s this week, Bob Iger spoke to looking at potential options such as temperature screenings and other health-related measures.
However, analysts at banking giant Wells Fargo downgraded Disney’s stock value on Tuesday, claiming it could take up to two years for the parks to return to normal.
Currently, Walt Disney World has not set an official date for reopening. However, in an article for Variety, Wells Fargo analyst Steven Cahall stated that he believes “zero park attendance” could continue well into September, with the parks operating at limited capacity through 2021.
Cahall continued that Well Fargo “see[s] the limiting factor as healthcare technology as assets like Walt Disney World will either need to operate with social distancing in-place – significantly limiting capacity – or a vaccine will need to be widely enough available that the population will again feel safe in such a gathering. Testing may also improve, allowing customers with immunity/antibodies to behave a bit more freely.”
Without widespread testing or a vaccine, Cahall predicts that even when current measures are relaxed, guests could be reluctant to gather en masse at places like Disneyland. He continued to state that while testing could allow guests with immunity to move about more freely, the potential severity of the disease could scare consumers without immunity away from the parks until a vaccine is developed — particularly those who are at risk for complications.
According to Cahall, “while the healthcare community is working hard we think it’s overly optimistic to expect either a widely distributed vaccine or large parts of the population being immune in the next 12 months. As such our attendance forecasts are a best guess with a precipitous decline followed by a ~12-month recovery.”
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Want to learn more about the Disney Parks closures?
- The Disney Parks Closures: Here's Everything We Know
- Here's Everything That Disney World is Refunding Due to the Temporary Closure
- Here's Everything That Disneyland is Refunding Due to the Temporary Closures
- Here's Everything That the Disney Cruise Line is Refunding Due to Suspended Itineraries
- Should I Cancel My Disney Trip? Taking a Closer Look at Our Most FAQ
- Flattening the Curve: Why Disney is Closing Everything
- All the Times That Disney World and Disneyland Have Closed Throughout History
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