Analysts Forecast Disney Parks Face Another ‘Lost Year’ in 2021
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.”
We are Disney nerds. Two kids at heart who love the magic and the memories of Walt Disney World! We follow all things Disney and have great experiences with Disney Vacation Club and RunDisney events in particular. We enjoy the vacations, day trips, weekend getaways and geek out over the planning of such events. From lodging to dining to Fastpasses we have a spreadsheet for every occasion. Mike’s frivolous Disney goal is to acquire a magic band of every style while Jamie’s goal is to experience as many Disney desserts as possible. Usually there isn’t a day that passes without some discussion of the master plan of our next trip to the happiest place on earth. Most people think we’re normal – until they travel to Disney with us. We have been married for 16 years and are blessed with a daughter and a son who have already learned the importance of planning ahead! As a family we thoroughly enjoy the magic and the memories at Walt Disney World and are here to help others experience the magic as well.