Attendance into Disney theme parks is expected to fully recover by 2023. This was the finding of a report by UBS, which asserts that pent-up demand coupled with the roll-out of the vaccination programmes will boost confidence and see attendance soar.
According to John Hodulik, the UBS financial analyst, the operational improvements Disney parks have made throughout the pandemic will ultimately result in higher levels of attendance and profitability. “[The] parks business has bottomed, and we’ll see improved attendance/profitability as the vaccine becomes more widely distributed,” said Hodulik.
The report continues that the pent-up demand for leisure travel, alongside the increasing roll-out of the vaccine, will mean that by the end of 2021, both Walt Disney World and Disneyland will be able to increase attendance to 70% capacity.
Walt Disney World is currently operating at 35% capacity. Disneyland Resort remains closed, open only as a vaccination site.
