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Disney World could take years to return to normal, analyst says

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Posted at 3:09 PM, Apr 09, 2020
and last updated 2020-04-09 15:09:37-04

It could be years before Walt Disney World Resort returns to normal operations, a securities analyst for Wells Fargo told WFTV in Orlando.

The theme parks have all been closed since mid-March, with no open date in sight.

Disney halting annual pass payments while parks are closed, refunding some payments

Steven Cahall, the securities analyst, says he expects no attendance for the rest of the fiscal year, and parks working at a 50% capacity in fiscal 2021.

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“Until the time at which there is significantly improved testing and/or a widely available vaccine it’s tough for us to imagine long lines for Rise of the Resistance, no matter how much folks might want to go to WDW deep down,” Cahall wrote.

Disney almost never closes, and Cahall says it could also experience revenue loss from its hotels as well as the fact that no cruises will be setting sail for a while.