A recent study shows that Disneyland has had a positive impact on the Orange County economy since 2013.
According to research performed at California State University Fullerton, just a few miles away from Disneyland, Disneyland Resort’s economic impact has increased by 50% in the past six years. The resort has had an $8.5 billion impact on the southern California region and created over 78,000 jobs as of the most recent fiscal year (according to a study of October 2017 through September 2018).
One of the leaders of the study shared that Disneyland Resort has continued to grow and propel the local economy forward in a positive way.
“Tourism is one of the major and growing segments of the economy as consumers shift more of their spending to leisure activities,” said one of the study’s leaders Anil Puril, director of the university’s Woods Center for Economic Analysis and Forecasting, according to NBC Los Angeles. “Disneyland Resort has shown phenomenal growth. Disneyland Resort also plays an important role in propelling the economy forward through programs like Disney Aspire, a free education program, and other programs offering skills for economic mobility and advancement.”
And Puril is right. With Disneyland Resort bringing millions of visitors to its theme parks and, as a result, to southern California, guests have spent around $2.5 billion at local businesses off-property, in addition to how much they’ve spent in the Disney Parks. Disneyland workers, businesses, and guests have also generated almost $510 million in annual state and local taxes, 6% higher than the average annual growth, since 2013.
But that’s not all. In terms of creating jobs, Disneyland Resort has been putting in the work. The resort’s job rate has increased an average of 7.2% every year since 2013, almost 5% higher than the general job growth rate in the region. And 73% of the approximately 78,000 jobs created by Disneyland Resort are in Orange County. And even though we’ve seen budget cuts result in the cancellation of live entertainment at Disneyland and Disney California Adventure, we hope that by next year Disneyland Resort will continue to create more and more jobs.
After taking a look at this study, we think it’s pretty safe to say the future is looking bright for Disneyland Resort. Time to plan another trip!
What do you think of this university’s study of Disneyland Resort’s economic growth? Share your take with us in the comments!
Source: NBC LA