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Are you planning a visit to a Disney theme park in 2021? As we plan to celebrate Walt Disney World’s 50th Anniversary next year, we think it’s safe to say everyone hopes Disney will be back on their feet once again. Unfortunately, Deutsche Bank analysts suggest otherwise.
According to the OCRegister: “Disney’s theme parks face another “lost year” in 2021 after a nearly $10 billion decline in revenue in 2020 due to the COVID-19 pandemic, according to a new analysts’ report.
“At this point, we are assuming that FY21 (beginning 10/1/20) will be another ‘lost year’” for Disney’s theme parks and consumer products division, according to the Deutsche Bank analysts’ report.”
“Disney Parks, Experiences and Products division revenue is forecast to decline $9.8 billion in fiscal year 2020, according to the Deutsche Bank report. Disney theme park revenue isn’t expected to bounce back to pre-pandemic levels until 2023, according to the report.”
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“The good news: Deutsche Bank forecasts that the Disney theme park division will rebound significantly by fiscal year 2025 with revenue $10 billion higher than pre-pandemic levels.”
“We believe the recovery in theme park attendance is progressing, albeit gradually,” according to the analysts report. “We believe this trend will continue as new COVID cases in Florida decline.”
Source: OCRegister.com
