Disney CEO Bob Chapek, participated in a virtual Q&A session at the J.P. Morgan Global Technology, Media and Communications Conference and predicted that Disney World could be at full capacity by the end of the year.
Chapek said his team anticipates “low double-digit growth” as the company follows federal Centers for Disease Control and Prevention coronavirus operating guidelines.”
Since reopening in Florida last July, the company has slowly expanded the daily number of people allowed to access its Florida parks. Disney hasn’t released any attendance numbers, however.
He also hinted its parks’ mask mandates could be lifted by the summer, saying not having to wear masks would be a “bigger catalyst for growth in attendance” and “make for an even more pleasant experience,” Chapek shared durring the company’s second-quarter earnings call early this month.
Disney World in Orlando, Florida, a state with fewer COVID-19 restrictions, has been operating at a lower-than-usual capacity since July 2020.
Disneyland in Anaheim, California, reopened on April 30 after a 13-month closure. For now, the park and neighboring Disney California Adventure are restricted to operating at 25% capacity under state health rules, but the state of California is aiming to fully reopen June 15.
Parks were forced shut a year ago March and devastated financially. Disney took a $6.9 billon hit in parks last fiscal year