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NEWS
Struggling Euro Disney reports €114m net loss for 2014
POSTED 07 Nov 2014 . BY Tom Anstey
It's not been a magic spell for Euro Disney, which has suffered from lagging attendances and income
Following its recent €1bn (US$1.2bn, £785m) restructuring of debt from its parent company Disney, Euro Disney has reported a multi-million euro net loss, with revenues for the year down two per cent on 2013.

In 2013, the park reported losses of €79m (US$100m, £62m) and 2014’s figures puts the park a further €35m worse off, with figures signifying a net loss of €114m (US$141.3m, £89.3m).

A total of 14.2 million people went through the turnstiles at the park last year, compared to 14.9 million in 2013 and 16 million in 2012. Despite the drop in numbers, Euro Disney is still Europe’s most visited tourist attraction.

Euro Disney president Tom Wolber said the numbers were a result of “continued economic softness, notably in France" and said the €1bn refinancing of the park would “improve its financial position and enable the park to continue investing in the guest experience.”

Euro Disney’s next major boost is expected to come in 2016, when it will open a new leisure complex, Villages Nature – a sustainable vacation destination concept in partnership with holiday apartment rental company Pierre et Vacances.
RELATED STORIES
  French Prime Minister breaks ground on Euro Disney's 'organic city' resort


French Prime Minister Manuel Valls yesterday afternoon (11 December) attended the breaking ground ceremony for the €700m (US$871m, £554m) Villages Nature, a joint venture between Euro Disney and Pierre & Vacances- Center Parcs Group.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
+ More news   
LATEST JOBS
Director of Operations
Active Luton
Salary: £61,000 - £64,000 + exceptional pension + excellent benefits
Job location: Luton , United Kingdom
Chief Executive Officer, Mount Batten Centre
Mount Batten Group
Salary: c£65,000pa + pension + benefits
Job location: mount batten centre, plymouth , United Kingdom
+ More jobs  

COMPANY PROFILES
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
Taylor Made Designs

Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [more...]
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DIRECTORY
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DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
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Get Attractions Management digital magazine FREE
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Jobs    News   Products   Magazine   Subscribe
NEWS
Struggling Euro Disney reports €114m net loss for 2014
POSTED 07 Nov 2014 . BY Tom Anstey
It's not been a magic spell for Euro Disney, which has suffered from lagging attendances and income
Following its recent €1bn (US$1.2bn, £785m) restructuring of debt from its parent company Disney, Euro Disney has reported a multi-million euro net loss, with revenues for the year down two per cent on 2013.

In 2013, the park reported losses of €79m (US$100m, £62m) and 2014’s figures puts the park a further €35m worse off, with figures signifying a net loss of €114m (US$141.3m, £89.3m).

A total of 14.2 million people went through the turnstiles at the park last year, compared to 14.9 million in 2013 and 16 million in 2012. Despite the drop in numbers, Euro Disney is still Europe’s most visited tourist attraction.

Euro Disney president Tom Wolber said the numbers were a result of “continued economic softness, notably in France" and said the €1bn refinancing of the park would “improve its financial position and enable the park to continue investing in the guest experience.”

Euro Disney’s next major boost is expected to come in 2016, when it will open a new leisure complex, Villages Nature – a sustainable vacation destination concept in partnership with holiday apartment rental company Pierre et Vacances.
RELATED STORIES
French Prime Minister breaks ground on Euro Disney's 'organic city' resort


French Prime Minister Manuel Valls yesterday afternoon (11 December) attended the breaking ground ceremony for the €700m (US$871m, £554m) Villages Nature, a joint venture between Euro Disney and Pierre & Vacances- Center Parcs Group.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
 
COMPANY PROFILES
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
Taylor Made Designs

Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
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