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Analyst Claims Disneyland Resort Has Lost $2.2 Billion in Revenue Since COVID-19 Closure

The closure of the parks of the Disneyland Resort have been closed for seven months, could be responsible for a massive revenue loss for 2020, according to one analyst.

According to The Orange County Register‘s Brady MacDonald, MoffettNathanson founding partner Michael Nathanson has claimed that the resort has lost $2.2 billion in revenue during the closure. While the Downtown Disney District has reopened to guests, parks and resort hotels have remained shuttered since March.

Nathanson added that the resort generated $3.8 billion in revenue last year, which is roughly $10.4 million per day. Cal State Fullerton’s Woods Center for Economic Analysis and Forecasting noted that the Disneyland Resort brings $8.5 billion annually to Southern California’s economy. That means the ongoing closure could cost the local economy as much as $23 million per day, or $5 billion during the past seven months.

Disney Parks worldwide may be facing a potential $21 billion revenue loss through 2022 due to the COVID-19 pandemic and the subsequent economic fallout, according to a research paper published by MoffettNathanson analysts back in May.

In April, Nathanson said:

“One of our core beliefs that we’ve observed in all the previous recessions and crises is that the park recovery takes time. People don’t instantly, when the economy goes back to growing, go to the parks. They basically look at their family balance sheets, they look at what damage has been incurred and hold on to their cash.”

Last month, Disney Parks, Resorts and Products announced that they would be laying off approximately 28,000 Cast Members, with thousands from the Disneyland Resort being affected. A group looking to pressure California Governor Gavin Newsom into releasing reopening guidelines for theme parks is holding a rally at the resort entrance this weekend, though state officials have previously stated that there is no set timeline for announcing them.

Keep reading WDNWT and Disneyland News Today for updates on the ongoing reopening saga.

For more information on booking your next trip with our official travel agent sponsor, the Vacationeer, visit wdwnt.travel.

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Marvin sequeira
Marvin sequeira
11 days ago

Keep disney closed. Its non essential. Corporate greed

Price Naveen
Price Naveen
11 days ago

To all those who claim Disney Parks should remain closed during this time, consider that staggering number in lost revenue. If this continues with DL being closed, there may be NO more Disney Parks in the future to enjoy.

Think about that the next time you rant about your own fear of the virus, it’s unsafe to open, etc. Have a logical thought for a moment and consider the irreversible damage that causes.

Last edited 11 days ago by Price Naveen
Marvin sequeira
Marvin sequeira
10 days ago
Reply to  Price Naveen

I work at Disneyland. Im a CM. So it doesnt matter when they open.. it is wht it is.. executives need a paycut. Either way they lose money. Not in a hurry to go back to work

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