Disneyland Paris released its revenue numbers for the first fiscal quarter of 2011 and the news is good. Over all revenue increased by 8.5%. Most of that increase came in the lodging side. A 14% increase in hotel revenue was the result of more bookings and higher rates. 3% increase in the parks was driven by more food and beverage spending.
“Following the improvement we saw at the end of last year, we are encouraged that our First Quarter guest visitation and spending continued to improve over the prior year,” said Philippe Gas, Chief Executive Officer of Euro Disney. “Total first quarter revenues were up 8% versus last year, which is particularly significant given the extensive travel disruptions experienced throughout Europe during the holiday season.”
“We look forward to launching the Disney Magical Moments Festival this spring, where we will celebrate the role of Disney magic in creating lasting memories for families and friends at the Resort,” Gas continued.
Unfortunately this report only talks about increased revenue, not whether spending went up or down. So we don’t yet know if Euro-Disney SCA is any closer to clearing its debts. But this certainly seems like a step in the right direction. The other question I have is are they able to do this without ruining the charm of the park and impacting future business.