Shanghai Disneyland sold out of tickets for its May 11 reopening after a four-month shutdown, a sign that consumers are prepared to spend as China recovers from the coronavirus pandemic. The theme park is implementing safety measures, including limiting visitors to one-third of the normal capacity of 80,000, Bloomberg reports. Shanghai Disneyland was the first of Walt Disney Co.’s parks to close on January 25 as the coronavirus began to spread from Wuhan, 520 miles west of the country’s business capital. The US$5.5 billion park’s reopening marks a tentative step toward Disney’s recovery from a global health crisis it blamed for lopping US$1.4 billion off profit last quarter, largely by forcing it to shut resorts around the world. While Disney is keeping its U.S., Hong Kong and Paris parks closed, it said Thursday it will open a limited number of shops and restaurants in its Disney Springs mall outside its resorts in Orlando, Florida, on May 20.

Source: The Standard May 08, 2020 05:15 UTC