Disney is Disney's insurer. My point is that Walt Disney Co. is self insuring.There could come a point where Disney's insurers force them to shut down the parks for fear of financial liability. It doesn't even have to make sense when it comes to public health to shut down the parks. If Disney's insurers and legal people think the risk is too great for substantial losses in courts around the country, they will shut down the parks.
So what happens to our reservations/money if they close? I rented DVC points and are non refundable so I'm just out all this money?
I wouldn’t worry about closing. The likelihood isn’t high right now.So what happens to our reservations/money if they close? I rented DVC points and are non refundable so I'm just out all this money?
Hopefully most owners are honest people and would do such.If Disney cancels your reservation, they would make a refund of the points to the DVC owner. You would have to get the refund from the owner.
I’m a dvc owner. I would return the money if the park close and disney restored my points ... anything less would be stealing.If Disney cancels your reservation, they would make a refund of the points to the DVC owner. You would have to get the refund from the owner.
Exactly.I’m a dvc owner. I would return the money if the park close and disney restored my points ... anything less would be stealing.
Disney doesn't have any ownership interest in Tokyo so that was fully on the OLC. As for Shanghai and Hong Kong I would guess the local governments of each were the major deciding factors there.Who made the decision to close the other parks? Someone from Disney or someone from the government? I feel like it has to be something those at the top are at least discussing/considering. I am not convinced the virus is being well contained here. I realize there are no current cases in Orlando. I am not confident in the way the federal government has handled things so far.
Disney doesn't have any ownership interest in Tokyo so that was fully on the OLC. As for Shanghai and Hong Kong I would guess the local governments of each were the major deciding factors there.
I disagree with the consensus on the other thread. I have a week booked on points for myself at the end of April. If the parks actually closed, I am quite sure they would restore my points. They would have to reallocate their cash rooms to accommodate however much time the parks were closed for. Yes, they’ll lose money. Lots of businesses are already losing money. But I doubt they’d say “tough, we know you booked the room because of a vacation that another branch of our company now canceled on you, but you’re stuck with the room”. In fact, if the parks close, the resorts may well close too. There wouldn’t be enough people to make operating them cost effective. If they were to leave the dvc owners holding the bag, are they also going to do that to every single family staying at a disney property? I don’t think so. They’ll take the financial hit and move on.It has been discussed on other threads that there is no practical path for DVC to cancel point reservations or even allow members to cancel without the standard restrictions since it would create a severe point overload in the future where members could not use there points unless Disney wanted to refund the value of the unusable points which would be in the 60 Million per month range for a full DVC shut down
Bad news is that if you are a member or renter you are likely at risk if the parks close as the chances of re-renting would be minimal if the parks are shut down
Hopefully it will not happen
Two people in Florida have tested "presumptively positive" for the coronavirus:
Florida coronavirus cases involve two people, governor says; They are the first COVID-19 instances in state
Disney is Disney's insurer. My point is that Walt Disney Co. is self insuring.
In a pandemic situation, the government absolutely can set limits on things and make rules to ensure a limited outbreak, inclusive of forcing businesses where there are large gatherings of people close. We are not close to that yet in the states, but companies are already having meetings to discuss the "what if" level A, B, C scenarios. Had one last week with my company because we are global, but, we have an office here in Florida and are preparing accordingly. Florida is a huge vacation state and with the amount of international and domestic tourists, as well as cruise ship industry, as well as all the huge ports, it is a scenario that could happen if it reaches Stage B or C.And if anything was done here it would only be after consultation with the government and CDC. Obviously our government can't tell Disney directly what to do but they will not make a decision without discussing things with the government to get as much information as possible.