Estimated Loss of $4.3 Billion in Revenue at Disneyland Resort During the 13 Month Closure
With Disneyland Resort’s theme parks opening back up tomorrow, excitement is building and the magic is back, but in the time of the closure, some significant damage was done.
According to MoffettNathanson, the Disneyland resort has lost an estimated $4.3 billion in revenue during closure.
Disneyland, Disney California Adventure, Disney’s Grand Californian Hotel & Spa, Paradise Pier Hotel, and Disneyland Hotel have been closed to guests since March 2020.
The OC Register reports that “Disney theme parks faced a potential $21 billion revenue loss through 2022 due to the ongoing coronavirus closures of its resorts around the globe along with the economic recession projected to follow, according to a MoffettNathanson analysts research paper in May 2020.”