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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.”
When The Walt Disney Company acquired Marvel Entertainment in 2009, its intention was to strengthen its position as a leading global provider...
NEW | The Walt Disney Company - Published on October 13, 2013The theme parks and resorts of The Walt Disney Company (TWDC) have once again achieved excellent financial performance in the third quarter of...
CORPORATE | The Walt Disney Company - Published on August 11, 2013NewsParcs' Theme Park Industry News Roundup is a summary of the latest major news related to the theme park industry worldwide. Unlike our "Theme Park Supplier's News of the Week" category of articles that we publish each...
NEW | The Walt Disney Company - Published on July 23, 2013Euro Disney S.C.A., the operator of Disneyland Paris in France, reported it has reduced its net loss by 10% in the first half of the fiscal year...
CORPORATE | The Walt Disney Company - Published on July 16, 2013Along with our new "Suppliers News of the Week" category of articles that we started publishing last week, NewsParcs introduces today another round-up of information, focusing on general news of the theme parks' industry....
NEW | The Walt Disney Company - Published on July 9, 2013It is at the occasion of the annual general shareholders meeting of Euro Disney S.C.A., operator company of Disneyland Paris, that the Chairman...
PROJECT | The Walt Disney Company - Published on March 5, 2013The Walt Disney Company (TWDC) published earlier this month its financial results for the first quarter of fiscal year 2013 ended December 31,...
CORPORATE | The Walt Disney Company - Published on February 17, 2013Euro Disney SCA, operator company of Disneyland Paris, announced today that it has achieved a revenue of €327 million (approx $442 million) i...
CORPORATE | The Walt Disney Company - Published on February 5, 2013
