All Rights Reserved. Tickets for Monday, May 11, the first day the park will welcome guests again, through May 14 were no longer available on the park’s online booking service. On Monday, the day that China's Shanghai Disneyland resort reopened to the public with strict social distancing measures, Disney CEO Bob Chapek said tickets for … Visitors prepare to show their health codes at the entrance to an area outside the closed Disneyland theme park on May 7.
A Mickey Mouse arch at the Shanghai Disney Resort. FORTUNE may receive compensation for some links to products and services on this website. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. In an earnings call, executives said that shuttered parks would cost the company roughly $1 billion in profits. Oriental Land also said 5,400 employees will have four non-work days, with partial pay, a month. Read more: Disney ‘Clobbered’ After Pandemic Hit Overshadows Streaming. The Chinese theme park has been closed since Jan. 25, as part of the Shanghai Disney Resort's coronavirus control measures. Disney’s famously profitable theme parks are suffering from virus fallout. Tickets to Shanghai Disneyland's reopening dates — … Safety measures at the reopening park include “social distancing in queues, restaurants, ride vehicles and other facilities throughout the park, and implementing increased frequency of sanitization and disinfection,” the company said on its website. Shanghai Disneyland sold out of tickets for its May 11 reopening after a four-month shutdown, a sign that consumers in China are prepared to spend as the nation recovers from the coronavirus pandemic.
Quotes delayed at least 15 minutes.
In March, Disney re-opened some dining and shopping attractions at its Shanghai site, though its main theme park has remained closed. Terms & Conditions. The sellout was confirmed on the Shanghai Disney Resort website within minutes after bookings started 8 a.m. Friday local time. Corrects description of re-opening outlook and staffing terms for Tokyo Disneyland in sixth paragraph of story first published May 8.
© 2020 Fortune Media IP Limited. Disney’s theme parks division contributed about 46% of operating income in the 12 months ended September 2019, more than double earnings from its studio entertainment business, data compiled by Bloomberg show. Reporting by Josh Horwitz and Brenda Goh in Shanghai.
Shanghai Disneyland was the first of Walt Disney Co.’s parks to close on Jan. 25 as the coronavirus began to spread from Wuhan, 520 miles (840 kilometers) west of the country’s business capital. Editing by Gerry Doyle. Disney will restart operations with “far below” that number for a few weeks while it adjusts to new safeguards including social distancing, masks and temperature screenings for visitors and employees, he said.
Shanghai Disneyland first shut down on Jan 25, as … Chinese third-party ticket vendors Fliggy and MeiTuan also confirmed that their allotted tickets for re-opening day had sold out.
The $5.5 billion park’s reopening marks a tentative step toward Disney’s recovery from a global health crisis it blamed for lopping $1.4 billion off profit last quarter, largely by forcing it to shut resorts around the world. Powered and implemented by Interactive Data Managed Solutions. According to Fliggy, the platform’s tickets for May 11 and May 16 sold out within three minutes. Will Disney Bounce Back as Coronavirus Recedes? Offers may be subject to change without notice. Sign up for Next China, a weekly email on where the nation stands now and where it's going next. According to Fliggy, the platform’s tickets for May 11 and May 16 sold out within three minutes.
All quotes delayed a minimum of 15 minutes. Some areas and shows will remain closed. The theme park is implementing safety measures, including limiting visitors to one-third of the normal capacity of 80,000. Shanghai Disneyland first shut down on Jan 25, as public venues across China closed to comply with social distancing regulations. While Disney is keeping its U.S., Hong Kong and Paris parks closed, it said Thursday it will open a limited number of shops and restaurants in its Disney Springs mall outside its resorts in Orlando, Florida, on May 20.
— With assistance by Shirley Zhao, Allen K Wan, Li Liu, and Lily Nonomiya, Park is Disney’s first to open under pandemic safety measures, Theme parks are a key pillar of entertainment giant’s earnings. They also sold out for the weekend dates of May 16 and 17. Disney later closed its other resorts worldwide as the coronavirus spread. Stocks Whipsawed by Aid Talks With Yields Climbing: Markets Wrap, Former Chinese Tech Unicorn Could Now Sell For Just Over $1,000, Cathay Pacific Joins Aviation Jobs Cull, Closes Regional Carrier, Snapchat Co-Founders Share $2.7 Billion Windfall, Economist Found $16 Trillion When She Tallied Cost of Racial Bias. Our Standards: The Thomson Reuters Trust Principles. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. World’s vaccine testing ground deems Chinese COVID candidate ‘the safest, most promising’, Can Trump close the gap and win in November? All rights reserved. Before it's here, it's on the Bloomberg Terminal. Tickets during the initial reopening phase are 399 yuan ($56) for regular days and 499 yuan for weekends.
Shanghai Disneyland sold out of tickets for its May 11 reopening after a four-month shutdown, a sign that consumers in China are prepared to spend as …
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