Sad news for the happiest place on Earth.
Disneyland California and the Walt Disney World resort in Florida have announced that they will remain closed until further notice amid the coronavirus outbreak. Prior to the global pandemic, they were the only two parks out of Disney’s 11 that remained open. The company had originally planned to remain closed until the end of March.
As the virus continues to spread in the United States, Disney announced the extended closure of its US parks. Their announcement is just one of many that highlights the impact to the travel and tourism industry. Government and public health officials are urging people to stay home to stop the spread of the virus.
Disney is taking an especially hard hit during these closures. The parks are a major revenue driver for the company, generating more than $26 billion in sales last year.
While Disney said that “The safety and well-being of our guests and employees remains The Walt Disney Company’s top priority,” the company’s shares fell 8.5 percent on Friday. The company has urged all domestic employees at its affiliate companies (Walt Disney Studios, Walt Disney Television, ESPN, etc.) to work from home.