EuroDisney leaks losses of €58 million

Posted Tuesday, October 21, 2003 4:44 AM | Contributed by Jeff

Euro Disney, the French theme park operator, is expected to launch an inquiry after details of growing losses were leaked to a French newspaper. Euro Disney, which operates Disneyland Paris, confirmed that the figures in Le Parisien - showing that losses for the current year had increased from €33 million to €58 million - had come from "internal documents and presentations prepared by the company prior to the fiscal year end."

Read more from The Guardian.

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Tuesday, October 21, 2003 8:43 AM
The park doesn't have enough visitors...that's the main problem. And the reason for that is because the resort is too expensive for most people.
A night in the cheapest hotel still is much more expensive than a night at a hotel outside the resort...that's not right. If they have 7 hotels, at least 2 should be cheap with the others being more expensive, yet affordable for 75% of the visitors.

Another problem is the second park, it fits in my backyard.
It's too studio, not enough themepark. Nine attractions in total, of which three are shows and one is the studio tour.
It's also too expensive...it has the same entry fee as DLP, which is probably nearly 15 times bigger with at least 30 decent attractions.

Keep in mind, 38% of the profit comes from the hotels and Disney Village. If they can get more people to the resort, for a longer time...with discount at Disney Village, they can turn around the resort.
But building European cafés such as the German castle café at Disney Village is a bad thing, why should Germans visiti the parks ? They have the original thing right around the corner.
And building a second park smaller than a "land" at Disneyland isn't right either.

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Roarrrr...

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Tuesday, October 21, 2003 12:05 PM
I don't think they should have built Disney Studios. I think it would have been more marketable if they invested in the original park adding Splash Mountain, Indiana Jones and other attractions too.

I really like Disneyland Paris, but it really has been under-invested in recently, perhaps due to the lacklustre new park. Now they have two parks that need serious investment.

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Wednesday, October 22, 2003 6:37 AM
How far away are the parks from each other? Is it possible to link them?

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"I go out at 3 o' clock for a quart of milk and come home to my son treating his body like an amusement park!" - Estelle Costanza

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Wednesday, October 22, 2003 11:48 AM
Good question...it would be possible if they build one entrance for both Disneyland and the Studios...with Fantasia Gardens being sort of an entry plaza.
But making the park an extra "land" is impossible...it's too far for that and it's located at the Frontierland side of Disneyland.

Or they could build a monorail that connects Discoveryland with the Studios...we're still the only Disney resort without a monorail.

An third solution is making the Studios cheaper or selling 2-park hopper tickets only. So guests can enjoy both parks anytime, whatever ticket they buy, it's always valid at both parks.

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Roarrrr...

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Thursday, October 23, 2003 3:55 AM
Is the park spending seriously, or is it significantly more expensive than other parks of its nature?

Attendance-wise, it's pretty well on par with Disneyland, maybe a million or two guests each year less - considering the very seasonal nature of weather in Europe, I'd expect attendance and both earnings and operating costs to be lower in the colder months. I could see how this difference of a few million guests could easily result in negative results (1,000,000*€39), but this is relative to Disneyland in California, and would be assuming that this park operates at or only slightly above cost, which is absurd. Costs aren't that much more (i.e. employees, electricity, taxes etc.), in France than America, are they?

I could understand a loss in profits, but I really don't see how a park like this could possibly report flat out losses without something seriously weird happening.

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