Disney is continuing to push forward its reopening plans for Walt Disney World with all signs pointing towards an imminent increase in park capacity ahead of the busy summer season.
Buoyed by a better-than-expected COVID-19 vaccination roll out and pent up customer demand, Disney is currently in the process of recalling a significant number of former Cast Members to their existing roles where available, or into new roles where needed.
We've seen frequent Cast Member orientation sessions at EPCOT, Magic Kingdom and Disney's Animal Kingdom over the past couple of weeks, and have heard from many Cast Members that they are returning to work.
In addition to the increase in operational Cast Members, we also see more Disney Park Pass reservation slots becoming available for June 2021 during periods that were previously unavailable. For resort hotel guests, June had very limited availability. As of this afternoon, we are now seeing almost 100% availability for this period. Dining availability for June and beyond has also seen similar increases in availability.
A summer return of live entertainment, which begins with a celebration of Festival of the Lion King at Disney's Animal Kingdom will add much needed capacity to the parks. Assuming Festival of the Lion King is successful, we are likely to see more and more live entertainment return, including the possibility of firework shows.
Many attractions have also seen an increase in capacity, achieved by adding more plastic dividers, reducing social distancing and loading more guests per ride vehicle.
Finally, Disney World operating hours recently released for June 2021 suggest a return to something approaching normal length operating days.
Disney never discloses specific attendance numbers, but has mentioned various operational capacity percentages during this reopening period. Disney CEO Bob Chapek's last update was in February 2021, where he talked about a 35% capacity. Of course percentages can be rather ambiguous, as it is never quite clear what 35% of an unknown number actually is.
The Walt Disney Company's next earnings result call for investors is scheduled for May 13 2021, and we expect to hear an update from Bob Chapek on capacity and how Walt Disney World is ramping up for the summer and beyond.
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