That's correct. However there are two tracks. There is also an "express monorail" that runs in the opposite direction but only stops at TTC and MK. It's not an option if you get on at a resort.
In case anyone is wondering, last year I timed our monorail ride from the CR to MK. It took 20 minutes. It would have been shorter had we walked from the CR - only 10 min.
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