New York (CNN Business) Disney's tourism business has come to a halt because of the coronavirus.

Disney DIS is closing Walt Disney World, its flagship theme park resort in Orlando, Florida, because of the global pandemic. The company also announced the closure of Disneyland Paris and the suspension of all new departures with the Disney Cruise Line. Earlier on Thursday the company said it was closing it's iconic Disneyland resort in Anaheim, California. The virus, which has spread worldwide, has now shuttered the gates of all eleven Disney theme parks across North America, Europe and Asia.

"In an abundance of caution and in the best interest of our guests and employees, we are proceeding with the closure of our theme parks at Walt Disney World Resort in Florida and Disneyland Paris Resort, beginning at the close of business on Sunday, March 15, through the end of the month," a Disney spokesperson said in a statement.

Shortly after Disney announced the closure of its Florida parks, Universal Orlando Resort announced it too would temporarily close its theme parks starting at the close of business on March 15.

The Magic Kingdom at Walt Disney World is the world's most-visited theme park, with more than 20 million visitors in 2018, according to a report by AECOM . The company has invested billions in its theme park division, opening two new Star Wars lands in Florida and California last year. A brand new ride, "Mickey & Minnie's Runaway Railway" debuted at Disney's Hollywood Studios just last week.

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