Euro Disney is planning to invest in theme park improvements ahead of its 20th anniversary next year, according to reports. Today’s Guardian says the operator is in talks with lenders to increase its investment budget, which it wants to put towards revamping its Disneyland Paris and Walt Disney Studio parks.
The newspaper reports interest in Disney’s Paris parks are ‘slowing down’, with a 3% drop in visitors in the year to 30 September 2010, to 15m, leading to a €2.9m drop in revenue.Meanwhile, as reported on today’s e-tid.com Monday Update, work has begun on Disney’s first park on mainland China. Shanghai Disneyland, which is expected to cost £2.3bn, is due to open by 2016. It will have two hotels, a lake and a shopping mall.Euro Disney, which is owned 39.8% by the Walt Disney Company, finished the year with a €45.2m net loss after making repayments on the loans used to fund construction of the parks.However, Disneyland Paris saw revenues and visitor numbers rise in the last three months of 2010, with the increase in attendance driven by more visitors from France and Belgium.Meanwhile, as reported on today’s e-tid.com Monday Update, work has begun on Disney’s first park on mainland China. Shanghai Disneyland, which is expected to cost £2.3bn, is due to open by 2016. It will have two hotels, a lake and a shopping mall.
