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Euro Disney cuts losses as visitor numbers rise

Euro Disney cuts losses as visitor numbers rise

Euro Disney saw net losses tumble by 13 per cent during the first half of the financial year as visitor numbers increased.

However, despite a 6.2 per cent increase in visitor numbers to 6.9 million people, the attraction still recorded a loss of €82.9 million.

Sales in the October-to-March period rose by 7.7 per cent to 559.1 million euros.

The hotel occupancy rate at the property – which is located just outside Paris - rose to 83.4 per cent from 79.6 percent.

Average spending per room rose to €200.64 from €189.67.

Spending per visitor at the parks was stable at €43.32 euros on average, against €43.53.

“As we head into our important second semester, we are encouraged to end the first semester with our fourth consecutive quarter of growth in resort revenues,” chief executive Philippe Gas said in a statement.

Parent Walt Disney recently said it would improve Euro Disney before its 20th anniversary next year.

Disney is in talks with lenders to increase the investment budget for the theme park, which is under threat from its high levels of debt.