CNBC attended its re-opening day to see how theme parks within the post-pandemic world may appear to be.
Hong Kong Disneyland is just the second of Disney’s parks to reopen. It follows in the footsteps of Shanghai, which reopened its park last month at 30% capacity, because of authorities mandates.
Likewise, Hong Kong is working at a diminished capability. Nevertheless, a Hong Kong Disneyland spokesperson informed CNBC that Shanghai’s capability is considerably decrease than its personal, however didn’t elaborate.
Disneyland, Disney World, Disneyland Paris, and Tokyo Disneyland are planning to reopen their parks in July with comparable measures. Likewise, Common Studios Parks & Resorts can be steadily reopening in phases at restricted capability.
Dozens of workers members all through the park held indicators studying, “Please keep applicable social distance.”
Solid members, like Mickey and Minnie Mouse, at the moment are making cameos across the park, however because of social distancing measures, meet-and-greet occasions have been suspended.
An worker at Hong Kong Disneyland.
But, whilst theme parks reopen, a fast restoration is unlikely to occur anytime quickly, with economies contracting and unemployment at file ranges.
The worldwide amusement parks sector is predicted to shrink by 2.7% to $71.6 billion in 2020, in comparison with $73.5 billion a 12 months earlier than, according to Research and Markets.
In February, Disney said it expected to lose up to $175 million if its parks in Hong Kong and Shanghai remained closed for 2 months — which they did.
So as to add to the challenges, Hong Kong Disneyland was already struggling earlier than the pandemic. In the beginning of 2020, the park announced losses of more than $13 million for the 2019 fiscal year, as social unrest within the metropolis deterred guests to Hong Kong.
Loyal theme park guests – or season cross holders — have typically supplied theme parks with a supply of recurring income stream in recent times, however that relationship could also be below pressure amid tighter wallets and security issues.
Till Covid-19 testing turns into ubiquitous and a vaccine is discovered, the droop in guests to theme parks is predicted to final for 2 years, according to a Wells Fargo Securities report.
An worker at Hong Kong Disneyland, following the park’s reopening.