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Visitor rise boosts Disneyland Paris

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10:16 CEST+02:00
Euro Disney, which runs the Disneyland Paris theme park, said on Tuesday that its sales rose 4.0 percent to €358 million ($444 million) in the quarter ending in June thanks to a rise in visitors and their spending.

In the first nine months of its financial year that ends in September 2012, the company's sales rose 2.3 percent to €908.8 million.

"Despite the general wait-and-see consumer behavior, we believe the third quarter performance marks an encouraging trend," chief executive Philippe Gas
was quoted as saying in a statement.

He expressed confidence the commitment of employees and the attractiveness of Disneyland Paris, which is celebrating its 20th anniversary, would continue
to generate growth but made no projections about annual results.

In May, Euro Disney reported a 22-percent increase in its net loss for the first half of its financial year at €100.8 million and warned it might have to take cost-cutting action. At that point sales were down one percent at €552.4 million.

Sales at the theme parks in the three months to June rose by 6.0 percent to €207.8 million, with the number of visitors up by 2.0 percent and spending per visitor increasing by 3.0 percent.

Hotels and restaurants outside the park saw sales rise 1.0 percent to €138.6 million, with a rise in room prices counterbalanced by a drop in occupancy rates, especially by Spanish and Dutch visitors.

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