Theme park fans have a reason to celebrate, as Disney World in Orlando is now taking reservations online for visits beginning July 1. However, despite the available reservations, a reopening date for Disney World has not yet formally been announced by the Walt Disney Company (DIS) - Get Walt Disney Company Report.
Still, Florida is gradually reopening its economy, and many are taking this as a indication that Disney World will reopen in the near future.
Disney Springs, an outdoor shopping and dining complex located at the Walt Disney World Resort, will begin a phased reopening on May 20.
Disney recently reopened its theme park, Shanghai Disneyland, on May 11. Scenes from the park showed visitors strolling the grounds wearing masks. Disney is limiting visitor numbers, requiring masks and checking temperatures at the gate. The park is also accommodating social distancing in lines and restaurants and implementing more sanitization and disinfection measures.
Jim Cramer weighed in with his take on what Disney parks need to do to reopen successfully.
Disney’s U.S. theme parks have been closed since mid-March. Its stock has dropped 24% in the past three months, compared with a 13% slide for the S&P 500. The company has had to furlough around 100,000 employees because of the coronavirus pandemic.