Disney4me Posted April 30, 2021 Report Posted April 30, 2021 Disneyland Resort is officially reopening TODAY, after a 13-month closure. Sleeping Beauty Castle The parks originally shuttered in March 2020, and while Disney World reopened that July, the California parks stayed closed. Closures like these — as well as the pandemic itself — have taken a massive toll on the tourism industry. And while things are slowly reopening, it appears that Disneyland will report an overall loss in revenue. According to The Orange County Register, Disneyland Resort has lost an estimated $4.3 billion in revenue throughout that 13-month closure. This number is an educated estimate by Michael Nathanson, founding partner of the independent research company MoffettNathanson. Disneyland To compare, Disneyland generated around $3.8 billion in revenue in 2019 — again, according to Nathanson’s estimates. Disney California Adventure Nathanson estimated in October 2020 that Disneyland had already lost around $2.2 billion over a 216-day closure. The current number, of $4.3 billion, reflects an updated approximation of exactly what the closure has cost the company. Pixar Pier The closure has had a massive impact on California’s economy, too, which relies on Disneyland and other large theme parks for jobs. Cal State Fullerton’s Woods Center for Economic Analysis and Forecasting found that Disneyland contributes, on average, $8.5 billion annually to the California economy. This means the parks’ 412-day closures could have lost the state almost $10 billion. Disneyland Nathanson worries that a “post-coronavirus recession” could prevent Disneyland from bouncing back right away. He explains that “people don’t instantly, when the economy goes back to growing, go to the parks.” We’ll be keeping a close eye on the situation to see exactly how Disneyland’s reopening goes — and what greater impact it has. Stay tuned to DFB. Everything You Need to Know About Disneyland’s Reopening! Disneyland Reopening Details and Info Click HERE for the All Latest Updates Disneyland Reopening April 30th California Residents Will Be the ONLY People Allowed to Visit Reopened Disneyland Initially Avengers Campus Set to Open June 4th Click Here to See All the Rides That Will Reopen Initially in Disneyland Click Here to See All the Restaurants That Will Reopen Initially in Disneyland Disneyland Ticket Price Info and Blockout Dates Released Disneyland's Grand Californian Hotel Reopening Date Announced! Everything You NEED To Know About Wearing Masks at a Disney Park Join the DFB Newsletter To get all the latest Disney Park Closure News Delivered Right to Your Inbox Click here to Subscribe Are you planning a trip to Disneyland? Let us know in the comments!The post Analysts Estimate Just How Many Billions the Disneyland Closure Cost first appeared on the disney food blog.View the full article Quote
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