Euro Disney boosted by successful quarter

Euro Disney boosted revenues by 21% to €373.3m in the three month period ending 30 June 2010.

Euro Disney, which owns and operates Disneyland Paris, comprises of Disneyland Park, Walt Disney Studios Park, Disney Village, and seven on-site Disney Hotels. Within its resorts segment, theme parks contributed revenues of €181.2m (+5.1%), whilst hotels and Disney Village contribute to €129.1m (+6%). Other sources including sponsorships, transportation and other travel services generated €12.4m (-5.3%).

The 5.1% growth in theme park revenues was driven by a 4% increase in average spending per guest, attributed to an increase in spending on admissions, food and drink, whilst a 1% rise in park attendance was fuelled primarily by more visitors from France and Spain.

The 6% rise in hotels & Disney Village revenues came from a 3% increase in the average spend per room, whilst a 2.5% improvement in hotel occupancy resulted from 13,000 additional room nights from the previous year.

Overall, an increase in French and Spanish visitors was slightly offset by a reduction in UK visitors. Disneyland Paris is currently one of the most popular tourist destinations in Europe, with 14.5 million visits recorded in 2007.