Hilltopper39 Posted February 10, 2020 Share Posted February 10, 2020 I didn't know where to post this but with the report of both Hong Kong and Shanghai parks being closed for at least 2 months, I'm curious if Disney will do anything domestically to offset the loss of operating income from the international parks? I don't really know what they would do but losing 2 months of cash flow from two resorts has to be concerning. Maybe they ramp up marketing and offer some kind of a special ticket packages or promotions? Maybe an new after hours event or something? If they launched some kind of after hours Star Wars event at the Studios you know it would sell out in a heart beat. I really don't know if they would actively try to recoup that projected loss but it will be interesting to follow. Link to comment Share on other sites More sharing options...
coasterbill Posted February 10, 2020 Share Posted February 10, 2020 I want to believe that they won't because they know that this is a short term issue that has nothing to do with the performance of the company itself but I don't believe that at all. I'm just telling myself that because I want to believe it. Link to comment Share on other sites More sharing options...
Hilltopper39 Posted February 10, 2020 Share Posted February 10, 2020 I'm sure they have a plan in place for this kind of thing I'm just curious if the affects of the plan will be noticeable to people outside of the executive levels of the company. It's not like they're gonna make an announcement "Hey since Hong Kong is closed for 3 months we're going to be offering a new line of limited merch to recoup the loss!", but it will be interesting to see if they do something different or out of the ordinary operationally over the next couple of months. Link to comment Share on other sites More sharing options...
SharkTums Posted February 10, 2020 Share Posted February 10, 2020 ^I assume we'll see cuts at the US parks that consumers will notice and probably more so employees. I'm sure there are high ups in panic mode right now trying to figure out how to recoup some of this money. Link to comment Share on other sites More sharing options...
larrygator Posted February 12, 2020 Share Posted February 12, 2020 $175 Million is actually less the 1% (about 6 thousandths) of Disney WW Theme Park revenue from 2019. Only about 3 thousandths and total company annual revenue from 2019. A one week closure of WDW would be much more damaging. Disney probably has to flexibility to shift segment goals to make up for deficiencies in other segments especially with this much lead time. For example, a 1% increase in advertising rates could make up $200 million. Disney still has the clout to set the US TV advertising market rates. I would expect minor changes to the US park budgets as the Chinese parks will have 8 months to more heavily promote their properties if parks are back online by May. Also a large corporation like Disney, could easily offset this small of a % revenue loss via various corporate accounting practices. Link to comment Share on other sites More sharing options...
A.J. Posted February 12, 2020 Share Posted February 12, 2020 ^I assume we'll see cuts at the US parks that consumers will notice and probably more so employees. I'm sure there are high ups in panic mode right now trying to figure out how to recoup some of this money. Other fan forums are already speculating of the entertainment-cut-a-pocalypse in a similar vein to what was going on while Shanghai Disneyland was being built. Link to comment Share on other sites More sharing options...
Hilltopper39 Posted February 12, 2020 Share Posted February 12, 2020 $175 Million is actually less the 1% (about 6 thousandths) of Disney WW Theme Park revenue from 2019. Only about 3 thousandths and total company annual revenue from 2019. A one week closure of WDW would be much more damaging. Disney probably has to flexibility to shift segment goals to make up for deficiencies in other segments especially with this much lead time. For example, a 1% increase in advertising rates could make up $200 million. Disney still has the clout to set the US TV advertising market rates. I would expect minor changes to the US park budgets as the Chinese parks will have 8 months to more heavily promote their properties if parks are back online by May. Also a large corporation like Disney, could easily offset this small of a % revenue loss via various corporate accounting practices. That's a good point, I kind of forgot about the ownership split with the Chinese parks and just how much smaller those resorts are compared to WDW. Still an interesting development to follow. Link to comment Share on other sites More sharing options...
Hilltopper39 Posted February 12, 2020 Share Posted February 12, 2020 ^I assume we'll see cuts at the US parks that consumers will notice and probably more so employees. I'm sure there are high ups in panic mode right now trying to figure out how to recoup some of this money. Other fan forums are already speculating of the entertainment-cut-a-pocalypse in a similar vein to what was going on while Shanghai Disneyland was being built. Yeah I read about the star wars stage show at Studios ending sometime in February but I kind of assumed that would happen at some point after Galaxy's Edge was fully operational anyways. Link to comment Share on other sites More sharing options...
A.J. Posted February 12, 2020 Share Posted February 12, 2020 Yeah I read about the star wars stage show at Studios ending sometime in February but I kind of assumed that would happen at some point after Galaxy's Edge was fully operational anyways. At the risk of turning this into the Hollywood Studios thread, I'd bet that the reason THAT show existed in the first place was to draw attention away from the then-dormant Chinese Theater while Runaway Railway was being worked on. Now that the theater is supposed to be an icon again, the show has served its purpose. I'm pretty sure that timetable has been on the books from the beginning. Link to comment Share on other sites More sharing options...
KBrylczyk Posted February 12, 2020 Share Posted February 12, 2020 Also a large corporation like Disney, could easily offset this small of a % revenue loss via various corporate accounting practices. Or just release another movie. Link to comment Share on other sites More sharing options...
Jew Posted February 15, 2020 Share Posted February 15, 2020 I'm sure they have a plan in place for this kind of thing I'm just curious if the affects of the plan will be noticeable to people outside of the executive levels of the company. It's not like they're gonna make an announcement "Hey since Hong Kong is closed for 3 months we're going to be offering a new line of limited merch to recoup the loss!", but it will be interesting to see if they do something different or out of the ordinary operationally over the next couple of months. A few more after hour special events and marathons should do the trick... I agree with Larry. They will use creative accounting and other business units to offset this. I would imagine there is also insurance policies that might cover this sort of thing for them as well. Link to comment Share on other sites More sharing options...
Nrthwnd Posted April 19, 2020 Share Posted April 19, 2020 @HKDL_of_Fantasy just posted a fly over video of the park with shots of the construction areas for The Castle, Marvel, and Arendelle:Land of Frozen. Here's a still from the video, above the Arendelle construction. And a link to the video. https://t.co/79aQ43eVXB?amp=1 Thank you HKDL_of_Fantasy! "Frozen Ever After" flume ride at the top. "Sliding Sleighs" Coaster at the bottom of the photo. And it looks there will be another entry (the main entry?) beside the train station (pink roof), under the tracks, to it. The other two entrys are from Toy Story Land and Small World Plaza. Link to comment Share on other sites More sharing options...
LouisCP06 Posted May 23, 2020 Share Posted May 23, 2020 A little bit 'old' but close look at the castle renovation at the end of January 2020 right before the resort closure: https://www.youtube.com/watch?v=rcBkBXNVNNc Link to comment Share on other sites More sharing options...
Nrthwnd Posted June 6, 2020 Share Posted June 6, 2020 @HKDL_of_Fantasy (thank you!) posted more photos recently, including two showing the new coaster track arriving, for Wandering Oaken's Sliding Sleighs. And an overhead shot of the Arendelle:Land of Frozen construction going on. And HK_Main_Street_Gazette (thank you also!) got this awesome shot of the expanded castle, with Mystic Manor in the distance. Link to comment Share on other sites More sharing options...
Nrthwnd Posted June 11, 2020 Share Posted June 11, 2020 Just because I'm asking, but... An online news service (called "Deadline") put up a recent article about HKDL's (and Ocean Park) upcoming reopening. And along with it, they posted a photo, the one below. Um... didn't all Disney parks around the world, ban selfie sticks? I'm asking because I really don't think this is the best way to show any park, especially if they too, have banned the sticks. Regardless of it being used outside of the park, itself. They just shouldn't have posted it. IMhO. Outside the park, sure. But, I think it sends the wrong message to park goers who do have these things. Link to comment Share on other sites More sharing options...
KarlaKoaster Posted June 15, 2020 Share Posted June 15, 2020 Hong Kong Disneyland is reopening on 18 June after being closed since January. All the usual measures will be in place including requirement of online reservation, masks/face coverings and temperature checks at entry. Along with social distancing measures and additional cleaning guests also have to fill in a health declaration prior to visiting. Link to comment Share on other sites More sharing options...
Garet Posted July 13, 2020 Share Posted July 13, 2020 The Hong Kong government is tightening disease control measures from Wednesday following recent spike in local transmissions. Public gatherings of more than four people will be forbidden, Chief Executive Carrie Lam said on Monday. The limit had previously been 50. All restaurants will only be able to serve takeaway orders from 6pm to 5am. Outside of these hours, there will be a maximum of four people per table. The new rules also see masks being made mandatory for all passengers on public transport. Some establishments, such as gyms and gaming centres, will have to shut down for a week. Flexible working arrangement will be implemented for civil servants, while the government also urges companies to allow employees to work from home. Also, 400,000 people belonging to high-risk groups, including workers at elderly homes, taxi drivers and estate management workers, will be given priority to get tested for free. It comes after Hong Kong recorded 52 new cases of coronavirus on Monday, including 41 that were locally transmitted, health authorities said. Hong Kong has reported 1,522 cases since late January. Local media reported an eighth death on Monday. Source Haven't seen anything on the official site (it still shows reservations for this week as available) but apparently, Hong Kong Disneyland and presumably Ocean Park too will close again. Can anyone confirm this? Link to comment Share on other sites More sharing options...
SharkTums Posted July 13, 2020 Share Posted July 13, 2020 ^I see NBC news also reporting that they will shut back down to comply with the government order. Link to comment Share on other sites More sharing options...
Garet Posted July 13, 2020 Share Posted July 13, 2020 As required by the government and health authorities in line with prevention efforts taking place across Hong Kong, Hong Kong Disneyland Park will temporarily close from July 15, 2020. The resort hotels will remain open with adjusted level of services. Enhanced health and safety measures that reflect the guidance of health and government authorities have been put in place, such as social distancing measures and increased cleaning and sanitization. We are in contact with health authorities and the government about the situation. Please click HERE for more information on ticket, Magic Access membership and hotel booking arrangements. Hong Kong Disneyland park will temporarily close from July 15 As required by the government and health authorities in line with prevention efforts taking place across Hong Kong, Hong Kong Disneyland Park will temporarily close from July 15, 2020. The resort hotels will remain open with adjusted level of services. Enhanced health and safety measures that reflect the guidance of health and government authorities have been put in place, such as social distancing measures and increased cleaning and sanitization. We are in contact with health authorities and the government about the situation. Please click HERE for more information on ticket, Magic Access membership and hotel booking arrangements. Source It's official, there's no end date although Ocean Park matches the BBC and says only a week's closure. Link to comment Share on other sites More sharing options...
SharkTums Posted July 14, 2020 Share Posted July 14, 2020 Hopefully for everyone it's only a week! Link to comment Share on other sites More sharing options...
SoCalJasonland Posted July 14, 2020 Share Posted July 14, 2020 It should be okay because it's a small virus after all. Link to comment Share on other sites More sharing options...
Garet Posted July 20, 2020 Share Posted July 20, 2020 Unlike Ocean Park, Hong Kong Disney never posted an end date but numbers have hit their highest levels yet by HK standards. Their highest daily is 100 but it's enough that the HK Government has extended the 1-week closure mandate indefinitely so this will also affect Disney. Link to comment Share on other sites More sharing options...
Garet Posted July 28, 2020 Share Posted July 28, 2020 Hong Kong is getting in on the buy and pose that works so well for Tokyo Disney and are now importing nuiMOs and their outfits from Japan for people to pose in the park. Source Link to comment Share on other sites More sharing options...
Nrthwnd Posted July 28, 2020 Share Posted July 28, 2020 ^ Elissa will loooooove this. Link to comment Share on other sites More sharing options...
SharkTums Posted July 28, 2020 Share Posted July 28, 2020 ^Yup! The Japanese Nuimo's have already found their way into our home. Looking forward to some cute new outfits! Link to comment Share on other sites More sharing options...
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