As progress continues on the Star Wars: Galactic Starcruiser hotel at Walt Disney World, Christine McCarthy, Chief Financial Officer of The Walt Disney Company, has confirmed that the project is a priority for the company, alongside Avengers Campus and Mickey & Minnie’s Runaway Railway at Disneyland Resort.
Throughout the week, Christine McCarthy, Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company, has given a number of talks at numerous banking conferences regarding the state of the company and its ongoing projects. During today’s Bank of America Virtual 2020 Media, Communications & Entertainment Conference, McCarthy spoke to various construction projects that have been prioritized across Disney Parks in light of recent changes and economic hardships due to the COVID-19 theme park shutdown.
McCarthy confirmed that the company will continue to invest in its theme parks, given the high returns they get on these projects. That being said, investment spending will be “prioritized” to continue select projects already underway. Among the projects she listed were Star Wars: Galactic Starcruiser at Walt Disney World, plus Avengers Campus and Mickey & Minnie’s Runaway Railway at Disneyland Resort.
While other major projects, like the EPCOT reimagining, were not mentioned, it is worth noting that active construction is still ongoing throughout the park, with work well underway at Guardians of the Galaxy: Cosmic Rewind, the Play! Pavilion, the park’s entrance, and the gutting of Innoventions. However, in July, it was confirmed that both the large-scale refurbishment of Spaceship Earth and the Mary Poppins-themed section of the United Kingdom Pavilion at EPCOT had been postponed indefinitely.
Disney previously stated that the Star Wars: Galactic Starcruiser hotel would be opening at Walt Disney World in 2021, but that was before work stopped due to COVID-19, and we do not know if this date has subsequently changed. We await further updates from Disney/Lucasfilm on when the hotel may open now that we know it is a priority for the company.
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