"In wealth of caution and also in the finest interest of our guests and employees, we space proceeding with the closure of our theme parks at Walt Disney world Resort in Florida and also Disneyland Paris Resort, start at the close of service on Sunday, in march 15, v the finish of the month," a Disney spokesperson stated in a statement.
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Shortly after Disney announced the closure the its Florida parks, universal Orlando will announced it as well would temporarily close its theme parks starting at the near of company on in march 15.
The Magic Kingdom at Walt Disney people is the world"s most-visited theme park, with more than 20 million travellers in 2018, follow to a report by AECOM. The company has invested billions in its theme park division, opened two brand-new Star wars lands in Florida and California critical year. A brand brand-new ride, "Mickey & Minnie"s Runaway Railway" debuted at Disney"s Hollywood Studios just last week.
The parks space a significant driver the the company"s sprawling entertain business: Disney generated much more than $26 billion in sales at its Parks, Experiences and Products department in budget 2019, representing 37% that the company"s as whole revenue. The closure come at a minute of significant transition because that Disney. Simply 16 job ago, Bob Iger stepped under as the company"s CEO, specify name Bob Chapek together his replacement, whose previous duty was chairman of Disney Parks. Disney (DIS) shares have actually fallen much more than 20% because the handover as the coronavirus required the closing of theme parks, delaying the release of "Mulan" and sapping ESPN of live sports.
In the announcement, Disney included that its hotels at Disney World and Disneyland Paris will certainly remain open up until further an alert and the it will certainly pay its cast members throughout the closure period. The firm also stated that it will suspend all new departures v the Disney Cruise Line starting Saturday with the finish of the month.
The firm urged its domestic employees at Walt Disney Studios, Walt Disney Television, ESPN and also at its direct-to-consumer, parks and products departments to job-related from home.
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The sudden closure the Disney"s Florida and also California parks is simply the latest authorize of a tourism industry in freefall. Yet it is additionally symbolic of how every facet of American life is transforming amid the pandemic.
"These parks are iconic brands etched in the society of America and also every childhood," expedition Miller, a Disney shareholder and also managing companion at Gullane funding Partners, told gendergeek.org Business. "To near assets the this scale approximately the world would speak come the seldom seen seriousness the this health and wellness threat."