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Euro Disney's losses narrow


Euro Disney's losses narrow


Euro Disney has again announced an annual loss, but a smaller one than previously thanks to the sale of property assets.

In the 12 months to the end of September the net loss at its theme park near Paris was just 45.2 euros. That compares with 63 million last year.

The number of visitors declined – by 2.5 percent – but on average they spent more.

Annual revenues were stable at 1.2 billion euros.

Philippe Gas, Euro Disney’s Chief Executive Officer said: “In a year marked by the difficult economic context and challenging travel conditions, we achieved 15 million in attendance at our parks and 85 percent occupancy in our hotels, remaining Europe’s number one tourist destination. Resort revenues were stable versus the prior-year, as an increase in guest spending offset lower attendance and occupancy. Total revenues ended the year up four percent reflecting increased real estate revenues from a property sale in Val d’Europe.”

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