Speaking at the Bank of America Virtual 2020 Conference on Media, Communications and Entertainment today, Disney CFO Christine McCarthy discussed resort openings and the status of projects in the parks. Read on for details.
Like most businesses, the Walt Disney Company has been forced to make changes in the wake of the novel coronavirus.
Disney Chief Financial Officer Christine McCarthy discussed some of those changes today at the Bank of America Virtual 2020 Media, Communications and Entertainment conference.
Hotel and Resort Reopening
According to Reuters, McCarthy stated that the company hopes to have over half of their hotels and resorts open by the end of the fiscal year.
Disney’s fiscal year ends at the end of September.
Recently, we learned that the reopening of Disney’s Polynesian resort would be delayed until next summer. However, the Disney Vacation Club Villas opened in June and will continue to operate throughout the closure period.
Check out our team’s reviews of these resorts in the above links!
McCarthy also touched on the status of various projects around the Disney Parks.
While some projects remain delayed or have been canceled, other construction projects have taken priority.
Disney Parks shifted their focus to the following projects: The Star Wars Galactic Star Cruiser which will be located near Star Wars Galaxy’s Edge at Disney’s Hollywood Studios, The Avengers Campus in Disney California Adventure and Mickey and Minnie’s Runaway Railway in Disneyland.
Construction continues on Tron in the Magic Kingdom as well as the Play! Pavilion in Epcot.
McCarthy did not explicitly mention the Remy attraction, the Guardians of the Galaxy Coaster or the Space 220 restaurant in Epcot. There’s also no word on what is continuing to occur with the Epcot entrance area.
We know that the entry fountain area construction is continuing to progress, but there was no word on the redesign of Epcot’s central hub.
-Rebecca W Davis