Walt Disney World continues to welcome Guests in record numbers. Check out how the 3rd Quarter earnings will positively affect both the Cast Members and Guests for the remainder of 2021.
Massive Disney Layoffs of 2020
Last September, we were saddened to share that the Walt Disney Company would have massive layoffs. It was announced on September 29, 2020 that 28,000 Cast Members would no longer return to work at both Walt Disney World and Disneyland. Check out the 2 big reasons for these layoffs HERE.
This devastating news was followed by announcements that many of our favorite shows and entertainers would not be returning to Walt Disney World. Near the end of October, we shared how these new layoffs would Forever Change Main Street USA.
3rd Quarter Earnings
Today, August 12, 2021, the Walt Disney Company released their Third Quarter Earning Results for 2021. The Walt Disney Company expected a revenue of $16.76 billion, but they greatly surpassed that expectation.
You can check out the full list of the 3rd Quarter earnings HERE. These impressive earnings in the domestic Theme Parks led to an announcement from the Disney CFO, Christine McCarthy, “We’re expecting the parks to be fully staffed by the end of the calendar year 2021.”
“We’re going to be increasing capacities as we have the demand and we’re also being able to thoroughly train our employees as they come back in.”
“We’re expecting the parks to be fully staffed by the end of the calendar year 2021.”Christine McCarthy, Disney CFO
Park Pass Reservations
McCarthy went on to explain, “This is a never-changing landscape with COVID. We’re going to be particularly careful and also going to bring our capacity online aggressively and measured.”
The Disney Parks will continue to utilize the Park Reservation system even with increased capacity. McCarthy shares, “We’re not going to just open up the doors and fling them open. We’re doing this in a measured fashion for the health and safety of not only our Guests, but also our Cast Members in the Parks.”
The Park Pass Reservation system allows the Disney Parks to monitor the number of Guests in a particular Park. We shared a while ago that the Park Pass Reservation system would remain in place for 2022.
“We’re going to be increasing capacities as we have the demand and we’re also being able to thoroughly train our employees as they come back in.”Christine McCarthy, Disney CFO
During the 3rd Quarter Earnings Call, Disney CEO, Bob Chapek, addressed concerns regarding the Delta variant and the Parks. Chapek responded, “In terms fo the Delta variant, we see strong demand for our Parks continuing.”
“The primary noise that we’re seeing right now is around group or conference cancellation. Right now we’re seeing above the Q3 attendance levels, they were pretty darn good. We’re still bullish about our park business going forward.”
With increased health and safety measures, Disney is requiring that all non-Union Cast Members receive the COVID vaccine. Read more about this HERE. They have also required face masks at all indoor locations.
What do you think about the increase in Park capacity? Do you think the return of Cast Members may allow the return of additional entertainment options as well? What do you think of the continued use of the Park Pass Reservation system? Share your thoughts with us on our Facebook Page.