After accounting for a one time real estate deal, the finances at Euro-Disney SCA, the operating company for Disneyland Paris, are still looking relatively rosy. Revenues for the 3rd quarter of 2011 grew 6.7% over last year. The parks and hotels segments both improved driving most of the growth with many more guests from the UK visiting than that year prior.
Commenting on the results, Philippe Gas, Chief Executive Officer of Euro Disney S.A.S, said:
“Our third quarter Resort revenues ended up 7% to the prior year, driven by increases in attendance, occupancy and guest spending. The growth in our Resort business for the nine months has been sufficient to compensate for the significant property sale we had in the third quarter of last year, resulting in Group revenues up 1% to last year.
In April we launched the Disney Magical Moments Festival and are thrilled to reintroduce the popular Tarzan Encounter stage show this summer. As part of this celebration, our Cast Members continue to deliver great guest service, creating those special magical moments for all our visitors.“
Increased revenue by itself is a good sign. However, without knowing what expenses were it tells us very little about the overall health of the resort. Still, increased hotel bookings and improved traffic from the UK is something they can build on. Let’s hope they can keep the momentum going.