Bingo - it's not necessarily that they can't do it immediately - it's about getting people in the parks and buying more than just ticketsParks reopening is not about break even but more of a positive contribution. They won't reopen until they can make a positive contribution.
Means it won't lose money to reopen. They need some sort of gain.What does "positive contribution" mean?
Nothing and unlikely we get anything. This call is for the company overall.Any word on resorts? DVC? That is a huge difference between WDW and Shanghai imho.
It means they won't open a park if it contributes to losses. The cost to operate the park/resort has to be less than the revenue that it generates. Meaning if 25% capacity doesn't do it - then they won't open.What does "positive contribution" mean?
Means it won't lose money to reopen. They need some sort of gain.
We have seen they do not have a problem putting people off until 2 weeks before their trip to cancel.Need to know if I should cancel my flights and inform my employer if I need to reschedule PTO. It’s under 4 weeks, they owe some transparency. It’s pretty obvious it’s a no go.
This squares nicely with my biscuit story, for those who don't know what "positive contribution" means:Parks reopening is not about break even but more of a positive contribution. They won't reopen until they can make a positive contribution.
Long ago, my employer used to sell biscuits. We lost a ton of money on each bag of biscuits we sold. But when we let the plant sit idle we lost even more money. So we continued to sell biscuits. Eventually circumstances changed and now we don’t sell biscuits anymore, but for a long time we lost less money by losing money selling biscuits.
That’s what’s gonna happen with 12,000 people in the Magic Kingdom, probably paying discounted admission, but buying $11 hot dogs.
I think that rules out any Florida resident only since they make more money off of resort guests.
Means it won't lose money to reopen. They need some sort of gain.
Losing less money by being open than being closed.What does "positive contribution" mean?