Results for: Walt Disney World

Walt Disney World’s Magic Kingdom is set to undergo a major transformation as its beloved Big Thunder Mountain Railroad roller coaster closes for an extensive refurbishment in early 2025. The iconic Frontierland attraction will be closed for over a year, undergoing renovations that promise to enhance the guest experience and ensure the ride’s longevity for years to come. This refurbishment will mark the most significant overhaul in the ride’s history, with Disney promising to introduce ‘a little bit of new magic’ upon its return in 2026.

Florida’s iconic theme parks, including Walt Disney World, Universal Orlando, and SeaWorld, have reopened after being temporarily shut down due to Hurricane Milton. The parks are back in operation, albeit at reduced capacity, as recovery efforts continue. While some seasonal events are still suspended, the reopening marks a significant step toward normalcy for Orlando’s vibrant tourism industry.

Goldman Sachs anticipates a significant financial impact on Walt Disney World due to Hurricane Milton, estimating a potential loss of $150 to $200 million in the current quarter. The projected hit stems from a decrease in domestic park attendance, with estimations showing a 6% decline in year-over-year growth. The investment bank draws comparisons to past hurricanes, such as Irma and Ian, and expects short-term disruptions but maintains a positive long-term outlook for Disney’s financial performance.

Hurricane Milton, a Category 5 storm approaching Florida, has prompted evacuations and could lead to closures at Walt Disney World. This comes just weeks after Hurricane Helene ravaged the state, and Disney shares have dropped as investors anticipate potential revenue losses.

Tampa International Airport (TPA) is undergoing a major $1.4 billion expansion to accommodate the anticipated influx of tourists visiting Walt Disney World Resort, which is also embarking on a five-year expansion project. This collaboration aims to ensure smooth travel for visitors and solidify Florida’s position as a top global tourism destination.