Have you delayed your Disney vacation for a time when the parks return to “normal”?
Financial analysts think so. Disney stock analyst, John Hudlik recently upgraded the Walt Disney Company stock due to the ongoing success of Disney+ and theme park performance. And, now there’s more information on how he forecasts Disney Parks attendance to rise as Americans become more comfortable with travel.
According to the Orange County Register, the UBS financial analyst predicts that the Disney parks will see daily attendance bounce back, even “reaching historical attendance levels by 2022.”
In 2020, all Disney theme parks closed in response to the COVID-19 pandemic and slowly began to reopen in the following months with additional health and safety measures. Some parks, including Disneyland, continue to remain closed. Hudlik believes that the business has “bottomed” and that attendance and profitability will only continue to increase in the coming months and years rather than decline.
UBS data does suggest that attendance at the Florida theme parks is picking up, reaching the 35% capacity limit that is currently in place at Walt Disney World. Analysts predict that “accelerated vaccination distribution” in the United States will allow Disney’s domestic theme parks to bump capacity limited to 70% by fall 2021. They also predict attendance at the domestic parks to make full recovery by 2023.
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When do you plan to return to Disney Parks? Let us know in the comments!