Heppenheimer
Well-Known Member
Heck, look at all the projects that got delayed, scaled back or cancelled after the 2008 recession. And the resorts didn't miss a day of operations for that one.IMHO, I think COVID knocked the crud out of Disney and it may take them decades to open a fifth park (If they ever do it). I look at it like a mini Dark Ages. That 500 years in human history damped down our growth as a species. We'd be a lot farther along right now if we didn't lose those years. COVID was like a mini Dark Ages for Disney parks. Just that is just me thinking out loud.
One mitigating factor this time, though, might be that the demographic that probably makes up a substantial portion of Disney's income wasn't hit particularly hard by the pandemic. There's a whole lot of pent-up demand and excess vacation funds just waiting for an outlet. Disney's balance sheets might need more time to recover, but their most lucrative customers this time are ready to spend now.