I find this hard to believe for one main reason. They already hit the brakes, for the most part, on new projects after covid hit. Now they're going to keep their foot on the brakes because of the possibility of a recession?
A recession might not hit at all, could hit this year, next year, or 2024... I just don't find it feasible that Disney has decided to continue to delay or simply not start any big new projects for what would end up being 4-5 years (2020-2025). All the while Universal is gaining serious ground, WDW it's losing ground, and Universal has a massive new park coming in just a couple years.
If what you say happens, then Disney is in even more serious trouble than any of us could even imagine. People are still going on vacations, there just choosing to NOT go to Disney because it's a shell of it's former self and costs more than ever. I have a family member who owns about 15 dog boarding places, he's booked solid.
And my goodness at the misguided idea that destroying Splash Mountain is the best way to compete with Epic Universe.
LOL, good one Bobby C!