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NewsParcs will do a full coverage of the IAAPA Attractions Expo 2013 in Orlando to have a look at the latest trends and developments of the global theme park industry.
This result in deficit, even if it is improving, is however to be qualified in view of the low operating key statistics revealed in the interim financial report of the company. Indeed, the attendance at the two theme parks is slightly down by 2% (6.7 million guests) during the first half, a consequence of a decline in the number of French, Belgian and Spanish visitors. The occupancy rate of the seven hotels managed by Euro Disney also dropped by 1.8 points to stand at 78% (against 79.8% in the previous year), which represents 24,000 less nights compared to the first half-year of FY 2011-2012. This is a result of a decrease in the number of Spanish visitors (offset by a slight increase in the number of UK visitors) and a slowdown in the activity of business tourism. The average spending per room remained steady at €207.84.
Euro Disney S.C.A. has confirmed its targets during a financial presentation: drive operational profit to generate increased cash flow in order to reinvest in the business and reduce the net debt. Commenting on the results, Philippe Gas, Chief Executive Officer of Euro Disney S.A.S, said: "Delivering 3% revenue growth during our first semester is encouraging given the current economic environment and clearly demonstrates the resiliency of Disneyland Paris. Three years ago, we made the decision to increase our investments in the guest experience and the Resort in general and therefore focus on guest spending growth. Our results for the first semester are in line with this strategic choice with a 4% increase in guest spending and a slight decrease in visitation. We are seeing the first concrete benefits of the debt refinancing transaction, with substantial interest charge savings for the first semester. With the refinancing, we also benefit from greater flexibility to continue to invest in order to further strengthen the appeal of Disneyland Paris.”
The Compagnie des Alpes leisure parks recorded disappointing financial results during fiscal year 2012/2013 which ended on September 30. The...
CORPORATE | Walibi Belgium - Published on November 10, 2013Adverse weather conditions at the beginning of the season and the ever difficult economic conditions in Europe have negatively impacted the activities...
CORPORATE | Walibi Belgium - Published on September 9, 2013The French operator Compagnie des Alpes (CDA), which owns a dozen leisure parks and attractions in Europe and North America - including Parc...
CORPORATE | Walibi Belgium - Published on June 18, 2013With the amusement park industry looking more and more for the best way to create immersive places and experiences for their visitors, designers...
CORPORATE | Walibi Belgium - Published on January 22, 2013This isn't really a surprise, the poor weather conditions in Belgium have not really been up to the expectations of theme parks operators since...
ECONOMY | Walibi Belgium - Published on July 15, 2012
