What If Disneyland Doesn't Open Again Until 2022?
Disney's (NYSE: DIS) original theme park in California isn't going to open anytime soon. The state finally offered guidelines for its regional amusement parks and other gated attractions to reopen, and it's not what theme park operators wanted to hear.
California is gradually reopening its economy based on a four-tier system, and coronavirus cases would have to improve dramatically for Disneyland, Comcast's (NASDAQ: CMCSA) Universal Studios Hollywood, and many of the state's other high-volume touristy haunts to unlock their turnstiles.
This could take weeks; this could take months. Coronavirus cases in California peaked in late July, but they've held stubbornly steady since early September. With no clear visibility on when things will get better or if another surge is coming, it could take a sharp downturn in cases or an actual approved vaccine in wide circulation before Disneyland in California reopens.
Source Fool.com
