NewsParcs is an online trade publication dedicated to theme park industry professionals worldwide.
Since 1998, we work in direct contact with manufacturers, suppliers, consultants, owners and operators to publish only reliable and relevant information.
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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.”
These past three years have been intense for NewsParcs. Our magazine, which has been dedicated to the global theme parks industry since 1998, underwent major changes to become one of the most appreciated magazines among many...
CORPORATE | NewsParcs - Published on January 28, 2014World theme park capital Orlando is about to welcome the global attractions industry for the 2013 edition of IAAPA Attractions Expo, the annual...
EVENT | IAAPA Attractions Expo - Published on November 10, 2013The Compagnie des Alpes leisure parks recorded disappointing financial results during fiscal year 2012/2013 which ended on September 30. The...
CORPORATE | Compagnie des Alpes - Published on November 10, 2013Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, financial ...
NEW | Roundup of News - Published on October 21, 2013The World Waterpark Association (WWA), the global leading water-leisure trade association, has made a positive assessment of its 33th annual...
EVENT | World Waterpark Association - Published on October 21, 2013When The Walt Disney Company acquired Marvel Entertainment in 2009, its intention was to strengthen its position as a leading global provider...
NEW | Hong Kong Disneyland Resort - Published on October 13, 2013The NewsParcs' Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, ...
NEW | Roundup of News - Published on October 13, 2013Our Industry Roundup is a summary of the latest major news related to the theme park industry worldwide. We report news specifically on operators, owners, trade associations and related organizations, including trends, attendance...
NEW | Roundup of News - Published on October 13, 2013
