Disney World Is About to Take the Next Big Step
It may not be a small, small world at Disney World for long. Florida Gov. Ron DeSantis -- presenting at a theme park roundtable in Orlando on Wednesday -- suggested that area theme parks could be ramping up their capacity soon.
Speaking to executives from Walt Disney (NYSE: DIS), Universal Orlando parent Comcast (NASDAQ: CMCSA), and SeaWorld Entertainment (NYSE: SEAS), DeSantis praised the protocols that the gated attractions have put in place to make a day at the park safe for both guests and employees. New COVID-19 cases in Florida have fallen sharply since Disney World opened in mid-July, silencing critics who felt crowds gathering at the state's signature attractions in thousands and in some cases tens of thousands would make the pandemic worse.
The industry opened to limited guest counts starting in early June, but DeSantis apparently feels it's time to start giving the theme parks a longer leash. It's not official, but DeSantis did say on Wednesday that he thinks the operators have earned the right to increase the number of guests that are allowed through their turnstiles on any given day. It's a positive step for the vital Florida tourism market, but will demand keep up with the increased supply? The answer may not be very comforting.
Source Fool.com
