Bob Chapek revealed during The Walt Disney Company’s third quarter 2021 earnings call that Disney Parks will be fully staffed and reopened to full capacity by the end of the year.
(Disney)
What’s Happening:
- Walt Disney World and Disneyland will be increasing capacities by the end of 2021, with the company’s CEO sharing that he expects the parks to be staffed to meet that demand by the end of the year.
- At the Walt Disney World Resort, Bob Chapek shared that 70% of the Guest rooms on property are currently open, implying that all closed or partially opened resort hotels will be back in business.
- The demand for Disney vacations has not been impacted by the Delta variant, although the CEO did share that they have seen conventions cancel their bookings.
- Increasing park capacity also likely means the reopening of food and beverage locations that hadn’t previously returned and entertainment offerings.
- Chapek did add that while this is the current plan, the company is monitoring the Delta variant, which could require modifications to the plan.
What Bob Chapek Said:
- "We have 70% of the available rooms open in Walt Disney World. We're not quite 100% available at this point. I think a lot of costs from here on out are variable. Obviously as we scale our business and get up closer and closer to 100% capacity, our efficiencies and operating become much, much higher. I think you'll see disproportionate benefit as we go from here on. I would just add that our parks — our plan and once again this is monitoring the trends with what's going on with the Delta variant. We're expecting the parks to be staffed by the end of the calendar year, calendar 2021."
- "We're going to be increasing capacities as we have the demand and we're also being able to thoroughly train our employees as they come back in.This is a never-changing landscape with COVID. We're going to be particularly careful and also going to bring our capacity online aggressively and measured. We're not going to just open up the doors and fling them open. We're doing this in the measured fashion for the health and safety of not only our guests, but also our cast members in the parks."
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