Today’s the official grand opening of Disneyland, and we’ll be taking you along with us as we go back to the Happiest Place on Earth.

We’ve already stepped foot inside the park earlier this week as Disneyland welcomed guests for select previews. And, even though it’s a momentous occasion to see the parks open after over a year, there are still major consequences from the parks’ extended closure.

According to the Orange County Register, analysts at MoffettNathanson have reported that Disneyland lost about $4.3 billion in revenue over the course of its recent closure. In fact, Disney’s theme parks around the world could face a possible $21 billion revenue loss through 2022 with their changing opening statuses and constraints on cash flow.

Disneyland’s loss is a big deal, considering that the resort made $3.8 billion in revenue in 2019. That means the parks were earning about $10.4 million per day, adding an estimated $8.5 billion annually to the Southern California economy according to a 2019 study by Cal State Fullerton’s Woods Center for Economic Analysis and Forecasting.

However, the closure Disneyland could have racked up the deficit of $23 million a day as the parks are one of California’s hottest tourism spots. That adds up to a $10 billion effect on the state’s economy during the closure period. Due to these number, Disneyland may have to work harder to get back on its feet. Even as the parks welcome back more Cast Members and plan to open big projects like Avengers Campus, the recession that could occur during the post-pandemic environment very well may add a wedge in Disneyland’s future plans.

Michael Nathanson, a partner from MoffettNathanson, noted to the OC Register that, “One of our core beliefs that we’ve observed in all the previous recessions and crises is that the park recovery takes time. People don’t instantly, when the economy goes back to growing, go to the parks. They basically look at their family balance sheets, they look at what damage has been incurred and hold on to their cash.”

We’ll continue to update you on the status of Disney’s parks moving forward. As we make our way around the reopened parks and resorts, we’ll be sure to give you a full look at everything you can expect in Disneyland! Stay tuned with All Ears for the latest Disney entertainment and news!

Here’s what the ride process looks like in Disneyland now!

Will you be heading to Disneyland any time soon? Let us know in the comments below!