Euro Disney losses rise as fewer UK visitors stay overnight

Euro Disney losses rise as fewer UK visitors stay overnight

Euro Disney reported increased losses for the six months to the end of March following a fall in hotel occupancy among UK visitors.

However, Euro Disney reported a small rise in revenue thanks to visitors spending more.

The operator of Disneyland Paris, Euro Disney reported losses of €120.9 million (£99 million) for the low season, up from €99.5 million (£82 million) a year ago, despite a 1% rise in spending by guests that took half-year revenues to €551 million (£452 million).

Euro Disney reported a full-year loss of almost euro64 million (£52 million) in 2011.

The company blamed the increase in losses on wage inflation and costs associated with preparations for the resort’s 20th anniversary celebrations from April 1.

However, it also reported: “A decrease in hotel occupancy resulted from 33,000 fewer room nights sold primarily due to fewer guests visiting from Italy and the UK.”

Chief executive Philippe Gas said: “The challenging economic environment has impacted attendance and occupancy compared to last year, but we are encouraged by our ability to continue to improve guest spending and resort revenues.”

He added: “We significantly increased our investments in the guest experience through new entertainment and product offerings as well as refurbishments in both our parks and hotels.

“As part of the 20th Anniversary celebration launched in April, we opened our new night-time spectacular, Disney Dreams®. We remain excited about the anniversary festivities and the growth opportunity it presents.”


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