How much money did the Star Wars hotel lose?
How much money did the Star Wars hotel lose? The Starcruiser is shutting down in September after months of struggles, but now we know exactly how bad it all was for Disney as the company has revealed it's taking a hit of $250 million in accelerated depreciation. The number was revealed during this week's quarterly earnings call for the Walt Disney Company.
What will happen to Starcruiser?
BAY LAKE, Fla. – Walt Disney World's Star Wars: Galactic Starcruiser is beginning its final voyage Thursday before closing permanently. Walt Disney World announced back in May that the immersive Star Wars hotel experience would be closing after nearly two years in operation.
How is Disney Star Wars Hotel doing?
Next month, Disney's immersive Galactic Starcruiser “Star Wars hotel” in Florida will shut down, less than two years after opening.
Why is the Starcruiser hotel so expensive?
But the Starcruiser was also said to be immensely costly to operate, primarily because it employed a cast of about a dozen core actors who had to perform and interact with guests in full-day shifts. The Galactic Starcruiser features about a dozen core actors who interact with guests throughout the two-day experience.
How much is the Star Wars Hotel stay?
Disney's Star Wars hotel will cost $4,809 for two people or $5,999 for four people based on a 2-night, mid-week package. And that's just for starters. Let's explore what's this immersive hotel is all about, and how much you can expect to pay to stay here.
Is Star Wars: Galactic Starcruiser a failure?
It just failed to generate enough interest. The sticker shock lasted longer than the novelty value. I'll take my lumps, putting out a video ahead of its debut detailing the five reasons why Galactic Starcruiser will succeed. It lasted just 19 months.
Is Galactic Starcruiser losing money?
Disney Reveals Just How Much Money It Lost on Overpriced Star Wars Hotel. In its most recent quarterly report, Disney revealed an embarrassing $250 million loss on its overpriced Star Wars: Galactic Starcruiser hotel.
How much did the Star Wars hotel cost to build?
Launched with tremendous fanfare in March 2022, the Galactic Starcruiser had spent the good part of a decade in development and took an estimated $400 million to build, according to Dennis Speigel, founder and CEO of International Theme Park Services, an industry consulting firm.
Is alcohol free on Galactic Starcruiser?
Alcoholic drinks on board the Star Wars: Galactic Starcruiser are not included in the vacation package and must be paid for separately. Some non-alcoholic drinks are included (like soda and coffee), but alcoholic and non-alcoholic specialty drinks require additional payment.
Why is Disney Starcruiser closing?
And while it received glowing reviews from guests, ultimately it performed below Disney's expectations, according to Disney Parks, Experiences and Products Chairman Josh D'Amaro. “It didn't perform exactly like we wanted it to perform, so we decided that we were going to sunset this in September,” D'Amaro said.
Did Disney Star Wars Hotel flop?
What happened to the widely heralded attraction? Turns out the galaxy doesn't contain enough Star Wars die-hards willing to pay for such a high-touch, high-cost experience, industry observers and experts say.
How much is Disney charging for Star Wars hotel?
More On: disney Billed as an immersive experience where guests can interact with characters from the “Star Wars” franchise, the 100-room hotel requires guests to book a minimum of two nights, priced at about $5,000 per couple and closer to $6,000 for a family of four. The cost of a “tricked out” suite jumps to $20,000.
How much did Disney lose on Starcruiser?
The Starcruiser is shutting down in September after months of struggles, but now we know exactly how bad it all was for Disney as the company has revealed it's taking a hit of $250 million in accelerated depreciation.
Why does the Star Wars hotel cost so much?
A Disney spokeswoman attributed the Galactic Starcruiser's cost to the way it thoroughly immerses guests in a fantasy world. Beyond the hotel room, the price includes expedited theme-park admission, entertainment, food and experiences like lightsaber training.
Is the Galactic Starcruiser closing permanently?
– Disney announced earlier this year that the company would be closing its Star Wars-themed “Galactic Starcruiser” hotel, with its final voyage scheduled from Sept. 28-30.
Can you leave the Starcruiser?
What if you need to leave in the middle of your stay? Passengers are able to leave the Galactic Starcruiser at any point throughout their stay.