Will Disney World's Top Rival Reopen First?
Central Florida's defining theme parks aren't allowed to open just yet in the current phase of the state's recovery efforts, but The Walt Disney Company (NYSE: DIS) and Universal Orlando parent Comcast (NASDAQ: CMCSA) are making the most of the short leash that they have been given for now. With the state's restaurants and retail outlets able to reopen with social-distancing safeguards and pared-back capacity, Disney World and Universal Orlando are ready to start generating revenue for the first time since mid-March.
Disney World announced last week that it would reopen Disney Springs, the massive resort's shopping, dining, and entertainment complex, in phases, starting with letting third-party retailers and restaurants crack open their registers again on May 20.
Comcast waited until Tuesday afternoon of this week to make a similar announcement for Universal Orlando's CityWalk entertainment complex, but it's making sure that it grabs the first wave of theme park fans with cabin fever by opening select eateries and stores on Thursday. If this is the way that the two theme park rivals are approaching their mini-malls, one can only imagine how the race to reopen their actual theme parks will play out.
Source Fool.com
