Is there any good reason to keep a July trip until Disney cancels vs cancel now?

[tinkerhon]

July is still 10 weeks away.

Quite frankly, if they're not open in July, the problems and damage will be permanent - not only to Disney, but to everything else. If they're not open by the 4th, I think its fair to wonder the solvency of the Disney Co. They're not making movies and there's nothing in a theatre until the fall. There's no live sports. There's no cruises. They NEED the parks to be open, and soon. I think they'll do whatever they can to have something open at some point in June.

Hope you are right ! We really need this trip !! (In nyc, the epicenter of hell right now !)

 

[DanM3]

I was due to go to Disneyland Paris July 12th and postponed for a year. Personally I can’t see Disney opening it’s theme parks anytime soon. Looking at the USAs 3 phase plan I’d be surprised if Disney springs was open in July. But no one knows at the minute.

 

[JaNelson38]

Hope you are right ! We really need this trip !! (In nyc, the epicenter of hell right now !)

Understood.

Just remember that outside of NYC, this virus really isnt a big deal right now. That's just the truth. The only reason its magnified is because every media outlet is headquartered in NYC, and they all think the rest of the country should act like they are in NYC. If this virus epicenter was, say, somewhere in the Dakotas, it would be a passing story in the nightly news every night.

Be patient and positive. July is forever away. I suspect WDW will be open and running fully.

 

[JaNelson38]

Disney will not cave 4 months after closing the parks. They are a financially savvy, solvent company and they just raised about $7 billion by issuing debt securities, giving them a total of over $12 billion in cash to help them through this crisis. They aren't going to burn through $12 billion by July. They also just furloughed about 100,000 people and other employees took pay cuts to reduce costs. With operating expenses cut significantly and over $12 billion on hand, Disney is not in danger of being insolvent by mid-summer. They also have other entertainment segments that don't require gathering large crowds that they can attempt to ramp up to help with revenue. The sing-a-long was a ratings hit and they released Onward direct to streaming for a fee prior to putting it on Disney+ (which also, of course, costs money). They also moved up the release of The Last Dance on ESPN which was a huge ratings hit and will be playing (and streaming) for the next five weeks. They are also issuing credits and other incentives for guests to re-book WDW/DL trips, cruises and ABD tours, thereby, keeping that cash on hand (if a guest chooses), instead of issuing refunds. I, myself, took a credit to the tune of $3k today from ABD with an early booking discount incentive. Multiply that by however many guests who are taking the credit for tours cancelled (and, thereby, not costing ABD a dime) and that credit is profit for them. Disney has weathered financial crises many times before and will weather this one as well. They aren't going to open the parks prematurely and risk the health of their guests and employees.

You're being naive. Disney's top moneymaker is still the parks and their resorts. There's no way around it.

Disney has survived financial crises before because they've never closed. They still had some sort of revenue coming in, even if its at a lower level. Right now, its ZERO. Nothing. They're losing an estimated $30 million PER DAY. Iger had to come back in order to help the place through this. I realize the name "Disney" sounds bulletproof, but it's not. You're gonna see some well-known companies filing for bankruptcy in the coming weeks.

 

[tinkerhon]

Understood.

Just remember that outside of NYC, this virus really isnt a big deal right now. That's just the truth. The only reason its magnified is because every media outlet is headquartered in NYC, and they all think the rest of the country should act like they are in NYC. If this virus epicenter was, say, somewhere in the Dakotas, it would be a passing story in the nightly news every night.

Be patient and positive. July is forever away. I suspect WDW will be open and running fully.

Thanks much ! Not AT ALL minimizing any other place, but is bad here !

 

[tinkerhon]

Thanks much ! Not AT ALL minimizing any other place, but is bad here !

My DS9's school lost 5-7 parents from the virus to date !

 

[teach004]

I have reservations for July 4th for Epcot Forever Dining Package. I just noticied today that no dates for any fireworks dinner/dessert package are available for booking all the way into the fall. Do you think this means they already know they are not doing any fireworks shows and Disney just has not cancelled those dining packages yet?