Over the past five years at the Disneyland Resort, numerous things have changed. From new entertainment elements, attractions, merchandise and so much more, Southern California’s economy has greatly benefited.
With this in mind, the Disneyland Resort commissioned an economic impact study from Arduin, Laffer & Moore Econometrics (ALME). Here elements such as finance and employment of the resort were surveyed over the years. According to the press release, the “economic impact study that shows that the Disneyland Resort is a leading contributor to the local economy, a major creator of jobs and a critical driver of California’s tourism industry.”
In a conclusion, it stated that the resort contributed to around $5.7 billion in annual economic output. In the 2013 fiscal year alone, the resort brought in about $370 million in local and state tax revenues.
Ford Scudder, Chief Operating Officer at ALME, said in the press release, “the Disneyland Resort has demonstrated its ability to grow amidst lukewarm growth in the State of California since the theme park’s last economic impact analysis was conducted for fiscal year 2009. As a prime example of its impressive growth performance, total employment at the Disneyland Resort grew at a rate of 34.3 percent between fiscal year 2009 and fiscal year 2013, far faster than the 6.7 percent employment growth for the State of California during the same period.”
If you are interested in checking out a few of the findings, here are some pretty impressive facts, according to the study:
Annual Payroll and Employment
- The Disneyland Resort directly employs approximately 28,000 (approximately 26,450 at the time of this study) and an additional 3,700 on-site third party employees. Disneyland Resort activity contributed to the creation of more than 25,000 indirect jobs in the Southern California region for a total of more than 55,000 jobs.
- Total annual wages, including Disneyland Resort’s annual payroll, induced and indirect employment in the Southern California region, are in excess of $2.2 billion.
- The economic impact and indirect jobs created by the Disneyland Resort and Anaheim Resort Area significantly benefited communities throughout Southern California, from Ventura to San Diego Counties.
- Approximately 99 percent of Disneyland Resort’s employees live in Southern California.
- Spending attributable to the Disneyland Resort and its visitors represented nearly a third of the estimated $9.6 billion Orange County tourism industry in 2013.
- Spending by Disneyland patrons at establishments outside the Disneyland Resort totals almost $1.4 billion annually. These expenditures include accommodations, food and beverages, retail and transportation. This patron spending directly supports an estimated $364.2 million in earnings and 9,300 local jobs.
- The Disneyland Resort, its visitors, employees and supporting third party businesses also generated more than $370 million in state and local tax revenues in fiscal year 2013.
- Orange County communities are estimated to receive about $203 million in annual tax revenues generated by the Disneyland Resort.
- Disneyland Resort accounted for $44.5 million in direct revenue to the total general fund of the City of Anaheim during fiscal year 2013. In addition, Disneyland Resort contributed $4.5 million in additional taxes to the Anaheim Tourism Improvement District.
Congratulations to all those at the Disneyland Resort for their hard work.
What are your thoughts on this study?