Hurricane Irma Costs Disney Big Bucks

Back in September, as the entire state of Florida was bracing for Hurricane Irma, Disney made the decision to close the parks but kept their resorts opened for many who were fleeing their homes. Even with the resort revenue, Hurricane Irma cost Disney $100 million in operating income. From lower attendance, park closures, cancelled and shortened cruises, and damage/clean up from the storm, this is a big hit for the most popular theme park in the United States.

Even with the Hurricane Irma impact, Disney’s park division’s revenue grew in the 4^th quarter, while the revenue and operating income in the media networks, consumer products, and studio entertainment division declined. Helping to make up for the losses from Irma were both the Shanghai and Paris theme parks, which increased revenues by 6% and operating income by 7%.

How do you think Disney handled the hurricane? Let us know in the comments!

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Susanne

Susanne Kain was not born a Disney fan, but after marrying into a family that loves all things Disney, it didn’t take long for them to transform her into a Disney lover too! Since then, she has been to Disney over 10 times and falls in love even more with each visit. A self-proclaimed foodie, she is always looking for the next best dish that Disney has to offer! When Susanne isn’t dreaming of Disney, planning her next trip, or visiting a park, she enjoys spending time with her husband and son who also share her love of Disney.

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