Walt Disney Co (NYSE:DIS) Reopens Disney World In Florida After Hurricane Matthew

Walt Disney Co (NYSE:DIS)’s Disney World theme park in Florida has reopened after closing down for the fourth time in history.

The Disney world theme has been reopened after being shut down for two days due to a call for people to evacuate Florida’s coastal region due to hurricane Matthew. The theme park was evacuated and remained closed on Thursday and Friday due to the threat of the hurricane. The extreme weather conditions forced the park to shut down the park as well as calling off some of its big ticket Halloween events that were scheduled for Thursday and Friday.

Disney World reopens after closing down for the fourth time in history

The threat of the Hurricane was so significant that the Disney world theme park closed down for the fourth time in its history. Sources claim that it was one of the weirdest scenes seeing a place that is usually full of people suddenly empty and more like a ghost town. However, there was no significant damage to the park during the hurricane.

“Disney’s parks are specifically designed to withstand hurricane wind speeds of this storm’s expected magnitude,”stated the firm.

The hurricane did not have a significant impact on business at Disney World

It is believed that the threat presented by the hurricane is now over and Florida is now back to the sunny weather. It is thus safe for the theme parks to reopen. Officials claim that Disney Springs, water parks, and mini golf have continued with their regular operations. Investors also do not expect the hurricane to have a significant negative impact on the company because it is it experiences its off-peak around this time of the year.

Many tourists were disappointed that they did get to experience the package that they had paid for. Luckily, Disney World has reopened and things are expected to resume normally.

Walt Disney closed the latest trading session at $92.49, down by $0.33 or 0.36% compared to the price of the stock at the previous close.

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