UPDATED with more details: Disney CEO Bob Chapek said Tuesday during the company’s second-quarter earnings call that it plans to open its Shanghai Disneyland theme park on May 11. It was the …
theme park on May 11. It was the first park to be shut down as the coronavirus began spreading from China to the rest of the world.
The news comes after Disney reported today that estimated COVID-19 impact on the company’s second-quarter operating income at its Parks, Experiences and Products segment was about $1 billion, “primarily due to revenue lost as a result of the closures” of its domestic and international theme parks. That’s a huge chunk of the estimated overall company impact of $1.4 billion.
Chapek also told analysts during the call that the decision to reopen the park comes in part due to the lessening of the COVID-19 restrictions in China, where the virus originally broke out in December. It also comes after Disney in early March reopened portions of the Shanghai Disney Resort complex outside the main theme park including Disneytown, Wishing Star Park and Shanghai Disney Hotel.
— Controlled guest density: Capacity will be recommended and managed in queues, restaurants, ride vehicles and other facilities. Queues will be structured and ride vehicles will be loaded to promote social distancing.
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