Revealed: The Disney Theme Park Complex That Has Lost $16 Billion Of Its Value This Year
What are the financial forecasts for OLC in the upcoming year?
OLC forecasts revenue to rise 10.7% to a record $4.3 billion (¥684.8 billion) this year, with operating income increasing to an all-time high of $1.1 billion (¥170 billion). However, attendance is expected to be 11% down on its peak of 32.6 million in 2019.
How did the pandemic affect Disney's theme parks globally?
The pandemic had a significant impact on Disney's theme parks globally, leading to temporary closures, reduced capacity, and the implementation of health and safety protocols. Domestic parks experienced a surge in demand upon reopening, while international parks, particularly in Japan, faced ongoing challenges due to travel restrictions and a reliance on overseas visitors.
Why did Tokyo Disney Resort struggle more than others during the pandemic?
Tokyo Disney Resort struggled more during the pandemic due to Japan's strict tourism restrictions and the resort's reliance on overseas visitors. The resort also faced challenges with outdated operating procedures and limited digital infrastructure, which affected its ability to adapt quickly to the changing environment.