Cruise and Theme Park Operational Updates due to Coronavirus

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Personally, I think the execs should be foregoing their salaries, but I get that this is the real world.
Its times like this that the execs earn their pay by making serious, hard decisions about how the company functions.

Our leadership team where I work all took pay cuts to help ensure that our institution made it through our spring closure without any layoffs. That along with other budget cuts (none to staff) got us through until we could reopen to the public at reduced capacity. It would be nice to see Disney do the same thing.
 

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True but entertainment often seems the last to be added first to be cut. With those additions much of that is likely from new resorts, and new attractions.
Yeah... im no expert in finance's, but it seems disney is only happy to add costs that show as assets on their accounts. Which then helps them borrow more debt as well. To me, that starts to hint a some long term problems starting to bite them.
 
Currently scheduled to sail in March. I wouldn’t go Nov 1, or by the new year. But so much is changing so quickly my family is hesitant to postpone now. Just today, Tampa airport announced a pilot program for point of care testing. While I don’t foresee the cruise lines employing people to test, they may very well sponsor/subsidize a testing site at or near the ports as an alternative to the more severe cuts/modifications. Or as a way to bring things back sooner, if demand warrants it.

We cancelled our March 2021 cruise and rescheduled for December 2021/January 2022. I am fully prepared to cancel that cruise if the ports/excursions aren't really open.

I think the ports will have a testing site before embarkation. I can envision a staged entry where you submit a rapid test and then are put into a staging area awaiting your go/no-go results. I can also see a re-test area for potential false positive results. Obviously, this is not a catch-all situation, but short of having guests/crew put into isolation for 14 days prior to sailing, I'm not sure what else they can do for embarkation risk mitigation.
 
Yeah... im no expert in finance's, but it seems disney is only happy to add costs that show as assets on their accounts. Which then helps them borrow more debt as well. To me, that starts to hint a some long term problems starting to bite them.

I thought a company can depreciate assets for tax write-offs? And I thought there is a schedule of depreciable assets, but not sure that things like office buildings, vehicles, etc. would be in Disney's wheelhouse.
 
We cancelled our March 2021 cruise and rescheduled for December 2021/January 2022. I am fully prepared to cancel that cruise if the ports/excursions aren't really open.

I think the ports will have a testing site before embarkation. I can envision a staged entry where you submit a rapid test and then are put into a staging area awaiting your go/no-go results. I can also see a re-test area for potential false positive results. Obviously, this is not a catch-all situation, but short of having guests/crew put into isolation for 14 days prior to sailing, I'm not sure what else they can do for embarkation risk mitigation.
I’d rather cruise lines look into having shorter cruises with no stops at ports as their initial offerings once cruising is safe to start up again. Like for Disney, offer 2 and 3 night sailings with stops only at Castaway Cay. I know this will decimate the tourism business for the Caribbean Islands, but it will allow cruises to have more control on the safety on board their ships.
 
I’d rather cruise lines look into having shorter cruises with no stops at ports as their initial offerings once cruising is safe to start up again. Like for Disney, offer 2 and 3 night sailings with stops only at Castaway Cay. I know this will decimate the tourism business for the Caribbean Islands, but it will allow cruises to have more control on the safety on board their ships.

I am fully onboard with starting the cruise lines having overnight stays at their respective islands. I don't think there has been many, or any, "overnighters" at the privately owned islands. For me, the 6-8 hours on the island is nowhere near enough to enjoy all the amenities.

I think the cruise ports in Mexico and the Caribbean Islands could do excursions provided they are booked and managed by the cruise line. MSC has already done this in Europe as to try and maintain a smaller guest bubble while visiting the ports.
 
I’d rather cruise lines look into having shorter cruises with no stops at ports as their initial offerings once cruising is safe to start up again. Like for Disney, offer 2 and 3 night sailings with stops only at Castaway Cay. I know this will decimate the tourism business for the Caribbean Islands, but it will allow cruises to have more control on the safety on board their ships.

Law will have to change first to allow that.
 
Right now things look bleak as more and more gets cut, but in order to preserve the future cuts need to be made. It is hard times for everyone, I fell for CA because when we come out of this they are gonna be so much further behind economically then other states and that will have lingering effects for years to come.

But as we reemerge new growth will be found, might not be the same but I believe it can also be good. New entertainment will be found , new things to do, new experiences. Good things will come out of this.
 
Right now things look bleak as more and more gets cut, but in order to preserve the future cuts need to be made. It is hard times for everyone, I fell for CA because when we come out of this they are gonna be so much further behind economically then other states and that will have lingering effects for years to come.

But as we reemerge new growth will be found, might not be the same but I believe it can also be good. New entertainment will be found , new things to do, new experiences. Good things will come out of this.

I disagree with preserving the future, this is only about saving the present. Companies only look towards the next earnings report these days. Preserving the future would mean keeping your veteran seasoned staff around and providing the experiences that set you apart to begin with.
 
I disagree with preserving the future, this is only about saving the present. Companies only look towards the next earnings report these days. Preserving the future would mean keeping your veteran seasoned staff around and providing the experiences that set you apart to begin with.

You can't do that when there isn't the money to do or the demand, and the demand isn't fully there.
 
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