by Ray Keating
News/Analysis
DisneyBizJournal.com
February 28, 2020
Tokyo Disneyland and DisneySea will be closed starting Saturday, February 29, to March 15, due to the coronavirus.
Shanghai Disney and Hong Kong Disneyland have been closed since late January.
As of February 28, there have been 2,800 deaths linked to the coronavirus, and more than 83,000 cases – with mainland China taking the brunt of the trouble.
Both the Shanghai and Hong Kong parks have no targeted date for re-opening, and while the Tokyo parks are scheduled to re-open on March 16, that, of course, depends on the circumstances.
Indeed, if the coronavirus continues to expand, DisneyBizJournal would not be surprised to see Disneyland Paris as the next park slated for a temporary closing.
As for the impact on the company, the Disney stock price has taken a dive from $141 on February 19 to $118 on February 27. That, of course, is in part due to the overall market tanking in reaction to the coronavirus, and the specific ills for Disney.
Ray Keating is the editor, publisher and economist for DisneyBizJournal.com, and author of The Disney Planner 2020: The TO DO List Solution and the Pastor Stephen Grant novels. He can be contacted at raykeating@keatingreports.com.
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