Cruise and Theme Park Operational Updates due to Coronavirus

[Anthony Vito]

https://twitter.com/x/status/1273045570005929985

 

[yulilin3]

Just called about my reservation and was told they can't pull anything up. They are in "downtime" til 9am

when you call back could you ask at what time the dining reservations will open tomorrow? thanks

 

[DCBuckeye]

I think people are grossly overestimating the amount of money that Disney is making here.

I used a figure of $1k per room per day for the teams to include rooms, food, & convention/facility space (counting when family arrives) + another $200K a day total for league spend (league employees, referees, limited number of media), and I came up with between $75-80M the league was paying Disney. Round it up to $100M to be safe

Disney World was losing somewhere around $40M in revenue a day according to an Orlando Business Journal estimate

At the low end of my estimate, these three months are making up for 2 days of lost revenue. Even if I’m off my high end estimate of $100M by 50%, these three months are making up for 5 days of lost revenue

in other words.....If it was strictly about the money, Disney would open up every room to you and me, rather than have the NBA there

 

[IceSkatingPrincess]

Ok, this isn't going to help, but I'm feeling confident that "soon" is becoming "very soon." Wish I knew when that would be, but I don't. However, with the NBA information "leaked," there already seems to be a bit firmer of an idea of what the next steps are (that's a definitive change from even this weekend). Here's all I'm going to share:

Value/Mod guests are going to be upset about some things. DVC Members are going to be upset about some things. AP holders are going to be upset about some things.

I hope very soon means today or tomorrow.

I'm ready to rip off this bandaid.

 

[yulilin3]

I hope very soon means today or tomorrow.

I'm ready to rip off this bandaid.

I was supposed to go stream today and I'm cancelling due to FOMO

Today, tomorrow or Friday would be great

 

[SarahC97]

Hahaha I've actually had a sliding reservation at the GF for most of this summer, but unfortunately, it's not happening anymore. Weirdly enough, back in early March, I had a reservation for Coronado Springs the week right after the closure started and I still have a YC reservation for NYE week, so maybe it's just my luck.

But I was more talking about the forthcoming announcements. I actually think that Deluxe guests will fare decently, but three previously mentioned groups may find themselves more disappointed. That's all I feel comfortable saying right now, as things are changing so quickly.

I'm a deluxe guest with an AP...so I'll do both good and bad? Be happy and upset? LOL

 

[crayon3448]

I think people are grossly overestimating the amount of money that Disney is making here.

I used a figure of $1k per room per day for the teams to include rooms, food, & convention/facility space (counting when family arrives) + another $200K a day total for league spend (league employees, referees, limited number of media), and I came up with between $75-80M the league was paying Disney. Round it up to $100M to be safe

Disney World was losing somewhere around $40M in revenue a day according to an Orlando Business Journal estimate

At the low end of my estimate, these three months are making up for 2 days of lost revenue. Even if I’m off my high end estimate of $100M by 50%, these three months are making up for 5 days of lost revenue

in other words.....If it was strictly about the money, Disney would open up every room to you and me, rather than have the NBA there

I'm not a sports fan at all... but there are no live games on TV right now. Disney owns ESPN. There is a huge viewership for these games. The ad revenue alone is huge. It is not just them making money from the resorts.

 

[woody337]

I'm soooo scared for my July trip

 

[disneydreamer1970]

I'm soooo scared for my July trip

Me too!! We are scheduled to arrive on the 15th.

 

[SarahC97]

I'm soooo scared for my July trip

At this point I just want the details so I can decide if I'll be able to take the trip or not. *sigh*

 

[alison228]

When do you guys think they will realistically start taking new resort/package reservations?

 

[CastAStone]

I'm soooo scared for my July trip

This is the correct attitude.

It's unlikely most of us will get to go, especially people with summer tickets. If you win the how-it-gets-decided lottery, I'm very happy for you. I'm already convinced that I will not, so if I do, it will be shocking and exciting upside.

But the chances of disappointment are very real because of too few spots for too many guests.

 

[IceSkatingPrincess]

I'm a deluxe guest with an AP...so I'll do both good and bad? Be happy and upset? LOL

I'm a value guest and a deluxe guest this summer so I have a feeling that I'm going to feel pretty conflicted when this all shakes out

I'm very happy that I have a backup stay at shades for my value stay right now though... just in case.

 

[CastAStone]

When do you guys think they will realistically start taking new resort/package reservations?

My guess is they'll start taking 2021 reservations this week, initially just allowing people to move out 2020 trips, then eventually opening it up to everyone.

 

[woody337]

At this point I just want the details so I can decide if I'll be able to take the trip or not. *sigh*

Luckily I have a back up at Cabana Bay for a week there.

 

[Janet McDonald]

If values and mods are gonna be upset it can only mean one thing. That they will have to pay the rack rate to move resorts on their dates and not getting moved to a DVC with no charge.

 

[DCBuckeye]

I'm not a sports fan at all... but there are no live games on TV right now. Disney owns ESPN. There is a huge viewership for these games. The ad revenue alone is huge. It is not just them making money from the resorts.

Yes and no.....Yes Disney is making money off as revenue, but they are also going to have to pay somewhere around $500M to do so (not every game is on ABC/ESPN)

The best ratings are in the playoffs (increasing as the playoffs progress). This year as we get towards 2nd round and beyond, it is going to compete against football. I don’t think the playoff ad revenue is going going to be what it normally is, especially when you consider there isn’t going to be a lot of new movies/tv shows to promote

 

[SarahC97]

If values and mods are gonna be upset it can only mean one thing. That they will have to pay the rack rate to move resorts on their dates and not getting moved to a DVC with no charge.

This was my thought too. That's one way to reduce the number of people coming.

 

[woody337]

If values and mods are gonna be upset it can only mean one thing. That they will have to pay the rack rate to move resorts on their dates and not getting moved to a DVC with no charge.

This is what I was told by a phone CM yesterday

 

[hertamaniac]

Disney World was losing somewhere around $40M in revenue a day according to an Orlando Business Journal estimate

This made me think about the property tax valuation for 2020 for the WDW properties. I can definitely see a substantial drop in the valuation, but not sure of the logistics.

It has been reported for 2019 (assessments):

Magic Kingdom = $504 million
Epcot’s = $539 million.
Hollywood Studios = $394 million
Animal Kingdom = $435 million.