Yeah look - not opening when your competition does will really hurt in the short term as people will be able to rely and plan on the fact that the VRTP are open.
However, as we've seen from Richard's stats mentioned in articles and posts recently, Dreamworld wasn't doing too well out of peak. It may be a good excuse to keep the park closed during a loss-making season while still supported by Job Keeper, and to reopen in time for the school holiday peaks?
Sure, they're behind the VRTP 8 ball, but if they're open in time prior to summer holidays, it shouldn't be a major impact. Although we know many holidaymakers plan their holidays 12 months in advance, those with earlier plans may have cancelled already. Those booked for Xmas this year probably won't have cancelled and those plans would not have been impacted by park closure.
Most of their guests during off peak times are pass holders, who have been guaranteed an extension to their expiry by both chains. If DW stays closed a month longer, then the passes will also extend by a month, but in turn, it lets all those who hold passes to both parks off the hook about 'which park do we do first' - let village open, and the wave subside, and then open later, with all those who've already visited and tried VRTP given the opportunity to visit DW, without competing with village for attendance as much as their opening weekend.
I don't think it's smart, but there could be some logic to it...