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Disney Announces Shanghai Disneyland Reopening, Shares Gain 3%

Stock Markets Jun 28, 2022 10:22AM ET
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© Reuters. Disney (DIS) Announces Shanghai Disneyland Reopening, Shares Gain 3%

By Sam Boughedda

Walt Disney (NYSE:DIS) announced Tuesday that Shanghai Disneyland will reopen this week on June 30.

The reopening comes around a month after the city lifted a two-month-long COVID-related lockdown. The park has been shut since March 21, with the resort having to close due to rising cases.

Shanghai's lockdown was lifted at the start of June, with the park beginning to open in some areas not long after. The park will now resume operations with limited daily capacity.

During its initial reopening phase, the majority of its attractions will resume operations with controlled capacity, although some experiences will remain closed, Disney said.

The company said people are able to purchase tickets on Wednesday, with all guests having to show proof of a negative COVID test taken within the last 72 hours.

Disney stock has gained over 3% so far Tuesday.

Disney Announces Shanghai Disneyland Reopening, Shares Gain 3%
 

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