Disney World Gradually Gets Back to Business
A couple of notable things are happening at Walt Disney's (NYSE: DIS) resort in Florida on Thursday morning. Disney began selling single-day tickets and booking hotel reservations again, its two largest sources of generating new revenue for its theme parks business, which has been shuttered since mid-March.
Disney temporarily suspended new ticket sales and resort bookings ahead of announcing a mid-July resumption of its theme park operations back in May. Nixing new admissions and lodging reservations was a move to help balance consumer demand with the limited supply of slots available in the initial weeks if not months of reopening this summer. In short, Disney World is back to making money again.
Image source: Disney.
Source Fool.com