U.S. lodging, leisure, and gaming sectors are among numerous industries that have sustained the severest impact of COVID-19. Theme parks are a prime example of those left with dooming second-quarter results.
Major global and national U.S. theme park companies have recently reported their financial performance. Their reports cohesively referred to the novel coronavirus as the cause of their significant shortfalls.
The pandemic-triggered restrictions and economic recession are significant factors at play for the return of theme parks to normalcy.
Despite the reopenings of many between May and July, theme parks’ recovery will likely fall behind that of global GDP. Governmental restrictions on public venues would be a major factor, S&P Global Ratings credit analysts projected in ...