COVID-19 has materially adversely affected the number of visitors to our facilities and disrupted our operations, and we expect that our business and operations will continue to be adversely impacted. While our properties are fully open as of the filing of this Annual Report on Form 10-K, the pace of recovery from the COVID-19 Pandemic has varied, and accordingly COVID-19 continues to have a significant impact on our operations and on our projects under development, including the MBS Expansion Project. The extent to which the adverse impact on our business will be mitigated depends on future developments, which are highly uncertain and cannot be predicted with confidence. Such developments include the following:
- the extent of any resurgence or variants of COVID-19 or any other infectious diseases in areas where we operate or where our customers are located;
- the manner in which our customers, suppliers and other third parties respond to COVID-19, including the perception of safety and health measures we implement;
- new information that may emerge concerning the severity of COVID-19, and the actions to contain or treat it, especially in areas where we operate;
- general, local or national economic conditions;
- local or national rules, regulations or policies which may restrict travel and operating hours or impose other operating restrictions;
- limitations or restrictions on domestic or international travel or reluctance to travel to our properties; and
- consumer confidence.
Accordingly, we cannot reasonably estimate the extent to which COVID-19 will further impact our business and financial condition, results of operations and cash flows.