Disney, Sea World, Universal Studios, Legoland - plans for reopening

[Demovictory9]

Disneyland closed for a month will hit Southern Calif hard. all those big hotels around disney are empty too.

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With April around the corner and no coronavirus containment in sight, Disney is now shuttering its domestic theme parks indefinitely. There is no new opening date. Disney is promising to continue paying its displaced hourly workers through April 18, but that doesn't necessarily mean the resort will spring back to life immediately after that. Disney doesn't know when it will open its parks, only because nobody knows when that will be.

Please stand clear of the doors
Disney may have been the first theme park operator to announce the first round of closures, but it let its biggest rival take the lead this time around. Universal Studios parent Comcast (NASDAQ:CMCSA) announced on Tuesday that its parks would remain closed through April 19. Legoland, another theme park chain with parks in Central Florida and Southern California, beat Disney to the punch hours earlier on Friday. Its two resorts now won't open until at least April 15.

The worst news came out of SeaWorld Entertainment (NYSE:SEAS) shortly after Disney's update. It will also be keeping its theme parks closed indefinitely, but it also announced that it will be furloughing more than 90% of its employees by the end of this month.

This has obviously been a brutal month for the theme park industry. Shares of Disney, Comcast, and SeaWorld Entertainment are down 18%, 14%, and 50%, respectively, through Friday's close -- and that's with big stock price recoveries over the past week. There is no reason to think that April will be any more promising for the industry. Comcast and Legoland will likely have to abandon their new mid-April reopening dates.

The news isn't all bad here. Theme park and regional amusement park operators may be missing out on the spring break crowds, but there's still hope that the industry unlocks its turnstiles in time for the peak summer travel season.

https://www.fool.com/investing/2020/03/28/disney-world-and-disneyland-finally-admit-things-w.aspx

[dalton99a]

1. People will stay away from crowds for months to come

[Demovictory9]

2. I hope not. let's get this thing resolved soon.

[customerserviceguy]

3. You go first

As for me, theme parks are full of screaming, spoiled children, and I prefer not to frequent such venues.

[uponit7771]

6. +1, this is what's happening in China also people won't sit by each other in theaters

[Wednesdays]

4. Confusing headline

[Delmette2.0]

5. We are all advised to have a 6 month emergency fund.

Why don't the big corporations do the same? They all received a huge tax break and could have put the windfall (or half of it) into some type of savings. Instead they invested in themselves (stocks) not the employees that make the money for them. Now they want the very people they screwed over to help them out.

Figure out how to reduce upper management salaries, including your board of directors and stockholders. It's your employees that make your service or products enticing to the general public. When uncontrollable events happen it is your frontline employees that will bring back consumers and you need to treat those employees as the assets (dedicated employees) they are.