If U.S. Disney Parks Open This Summer, Don't Be Dopey
My colleague Rick Munarriz probably follows Disney (NYSE: DIS) more closely than anyone else at The Motley Fool, so his opinion is worth respecting. Rick recently opined that the entertainment giant will reopen its two U.S. parks -- Disney World in Florida and Disneyland in California -- in some limited capacity this summer. Like many nonessential businesses around the world, these parks temporarily closed in March to help slow the spread of the novel coronavirus.
Rick is probably right. The fact that the company is accepting hotel reservations at its Disney World Resort for July 1 and later suggests that a summer opening is likely.
I believe the summer is too soon for companies to open if their businesses involve large groups of customers in one place, such as a theme park, cruise ship, movie theater, or sports arena. This is more true in some parts of the country than others. It's also more true for businesses that draw customers from a wide geographic swath -- like Disney's parks and cruise ships -- than it is for many locally oriented businesses, like restaurants.
Source Fool.com
