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.
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.
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.
Comprehensive European ride and coaster reviews
"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
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.
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.
Total Thrills Amusement Guide
Australia's Premier Source for Thrills!*** This post was edited by auscoasterman 10/23/2003 5:26:39 PM ***
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