Disneyland Paris has posted its results for the 12 months to 30 September 2010, and has reported that it has cut its net loss from 63m euro (£53.8m) to 45.2m euro (£38.5m).
Interestingly, this figure runs opposite to visitor numbers, which fell 2.6 per cent to 15 million. However, visitor spend rose 2.4 per cent to 45.30 euro (£38.60).
The report said that the decrease of the group's net loss “primarily reflects the property sale, while labour rate inflation was offset by lower net financial charges and business tax expenses”.
Annual revenue increased 4 per cent to 1.28bn euro (£1.09bn).
Philippe Gas, chief executive officer of Euro Disney S.A.S, 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 per cent 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 4 per cent, reflecting increased real estate revenues from a property sale in Val d'Europe.”
