Disney Has Announced Launch of Starcruiser Hotel, Company to Experience Rise in Stock Prices

As per the latest reports, Disney has made an announcement that is going to be extremely profitable for the company. As for the fans and enthusiasts, it is going to be something on an entirely different level. The announcement made by Disney has caused a frenzy among the diehard fans of Star Wars.

Disney has recently announced that its Starcruiser is soon to make its debut and go for a maiden voyage in the upcoming year. Disney has confirmed that the maiden voyage for the Halcyon starcruiser will launch on the 1st of March, 2022.

The Halcyon starcruiser is something that had the fans of Star Wars at the edge of their seats for a long time. It was back in 2019 when Disney mentioned the Star Wars: Galactic Starcruiser for the first time ever. It was during the 2019 D23 Expo when Disney teased about the project that it was in development.

Disney revealed that the immersive hotel based on the Star Wars’ star cruise theme was being developed. Disney also informed the fans that the hotel was situated at the Disney World Resort that is based in Orlando, Florida.

Now, confirming the launch of the hotel for the first time for fans, Disney has also revealed how long the visitors would be able to stay at the hotel.

Disney’s plan shows that the visitors will be billed for a two-day and two-night visit at the hotel. It will not just be a stay, but an adventure that the visitors (fans) will be experiencing at the hotel. Disney has confirmed that the bookings for the hotel will start from October 28, 2021.

Disney has also confirmed that the experience and adventure will be completely up to the visitors (fans) at the hotel. The visitors will get to choose the kind of package they would want at the time of booking. Disney has confirmed that the rates for the visit would also vary based on the adventure the visitors choose.

Furthermore, the rates would also be impacted by the number of visitors at the hotel, as well as in your cabin throughout the adventure. It was back in August of 2021 when Disney had reportedly shared some of the samples for the prices for the adventure.

Depending on the number of visitors (adults and kids), the package may range from $4,809 to $5,999 for a two-night stay. However, the prices may vary depending upon the visitors and guests.

For the first time in the history of Star Wars, Disney has done something this big for its fans. Following the announcement, Disney is anticipating a significant rise in its share prices.

Companies Such as Merck, Lordstown Motors, and More Making Stock Movements

In the list of companies making huge moves in the stock markets, the first company is Merck (MRK). According to data from the stock market reports, Merck’s share prices have experienced a significant rise in premarket trading. The data shows that the company’s stock prices experienced a 7.5% rise on Friday, October 1, 2021. The rise came at the company’s share prices after sharing the results of its recent tests/trials for the COVID-19 pill. The company revealed that with the usage of the bill, the risks of hospitalization and death can be reduced by 50%. Merck has announced that it is now planning to go for a filing with the US authorities. Once approved, it will start rolling out its medicine all across the country’s pharmacies.

Lordstown Motors (RIDE) is the next company on the list that has also experienced a rise in its share prices. The data shows that the rise in the share prices for the company was recorded following its announcement of finalizing a deal with Foxconn. The electric vehicle manufacturing company revealed that it has finalized a $230 million deal, where it would hand its Ohio plant over to Foxconn. Once the deal is finalized, Foxconn from Taiwan will gain full control of the electric truck manufacturing plant in Ohio from Lordstown Motors. It was already revealed in the month of August that a deal was taking place between the two firms. With the deal finalizes and the announcement made, the share prices of Lordstown Motors have experienced a 6.3% rise.

The next company on the list is Coty (COTY) that has experienced a 2% rise in its share prices. The data shows that the company has experienced the share price surge in the premarket trading on Friday, October 1, 2021. The rise was recorded after Coty made an announcement in regards to selling a certain percentage of its stake over to KKR a private equity firm. Coty announced that the stake percentage was 9% and it was from its beauty business currently operating under “Wella”. Even making the announcement of a possible deal taking place between the firms helped it gain a rise in share prices. If the deal is successful, then KKR’s stake in Coty’s beauty business would be increased to 69%.

Since the year 2020, Coty has been selling the stake in its beauty business (Wella) over to KKR. It was back in December of 2020 when Coty had finalized its first deal with the private equity firm. The deal resulted in Coty selling of 60% of its stake in Wella over to KKR. Thereafter, more rumors started coming out that Coty is planning to sell even more of its stake in Wella over to KKR, which is now confirmed.