Euro Disney loss cut in half, revenue up for fiscal year

Posted | Contributed by Jeff

Revenues for the Fiscal Year increased 12% to EUR 1,220.3 million primarily reflecting volume growth in theme parks attendance and hotel occupancy. Theme parks revenues increased 14% to EUR 658.6 million, primarily due to an increase of 1.7 million in attendance to 14.5 million for the Fiscal Year. Hotels and Disney(R) Village revenues increased 17% to EUR 483.0 million, driven by a 10% increase in average spending per room and an increase of 5.8 percentage points in the hotel occupancy rate. Real estate revenues decreased EUR 10.1 million to EUR 19.3 million due to lower activity during the Fiscal Year.

Read the press release from PR Newswire.

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Disneyland Paris

Wow... The new Toon Studios area and 15th anniversary celebration brought a 13.3% attendance increase! Also, that attendance is calculated on the basis that a park hopping guest is only counted as one guest that day (and not one at each park), so that's amazing. So, that means that the Walt Disney Studios theme park is finally starting to stand on its own and Toon Studios was only open 4 months. Plus, they have the Tower of Terror opening next month...

Congratulations to Euro Disney SCA... They finally managed to turn the ship around.

They say that hotel occupancy rates were up 5.8 percentage points.

Okay - but what overall percentage are they at now? Hasn't that been the problem that was sinking the ship all these years? Mr. Eisner's gazallion hotel rooms that weren't needed?

Mike

90% was the hotel occupancy rate for the year.

What's crushing the resort right now is the 2.5 billion euros debt. They declared a loss this year due to the 90 millions euros interests.

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