In addition, the TGV link to the theme park was completed in , complete with a direct linkup with the Eurostar Chunnel train service. After narrowing its losses to FFr 1. The company also began moving forward on its Phase II development, attracting a Planet Hollywood restaurant and an eight-screen, state-of-the-art movie complex, owned by Gaumont, to the company's free-admission Festival Disney renamed Disney Village in June entertainment complex located next to the theme park.
The company also started construction on a second convention center and began eyeing plans to open a Disney Studios theme park on the site. Meanwhile, the passing European recession and stronger marketing campaigns were spurring increasing attendance, rising from Posting its second year of profits in , Euro Disneyland seemed finally to be rousing from its European nightmare and moving into the dreamland Disneyland Paris should have been all along.
Attendance had surpassed 12 million visitors by , making the theme park Europe's leading tourist destination. Hotel occupancy was also strong, encouraging Disney management to go ahead with its plans to open a second park. Construction began in on Walt Disney Studios, a destination featuring attractions based on cinema, animation, and television.
The company believed that the addition would not only bring in over five million new visitors each year but entice travelers to stay longer. Profits began a downward trend, falling from EUR Despite its faltering financial situation, Euro Disney--by now the company had shortened its name from Euro Disneyland to Euro Disney--went ahead with its plans, and on March 16, , Walt Disney Studios Park opened for business.
In sharp contrast with the original park's opening in , Walt Disney Studios was well received by France and the media. A Disney executive commented on the difference in a Amusement Business article, stating, "We have learned an amazing amount about each other during those ten years and we've learned, more than anything, how to be integrated, both socially and culturally, with the French.
However, since the opening of Walt Disney Studios coincided with a drop in tourism and an overall slowdown in the global economy, it soon became apparent that Euro Disney had once again stretched itself too thin.
The firm posted a EUR To make matters worse, attendance dropped during the spring and early summer of that year. In early , Euro Disney's parent stopped collecting its royalty fees in an attempt to alleviate some of its financial burdens. By August , Euro Disney announced that it would be unable to make its debt payments in the following fiscal year. As such, the company began negotiating with the Walt Disney Company and its three major banks in an attempt to restructure its debt.
Euro Disney faced an uncertain future, and it appeared as though the company needed a dose of Disney Magic to get itself back on track. Toggle navigation. User Contributions:. A in the Disneyland Park on board special early 20th century vehicles, presented by Hertz. Start the day with a delicious Italian coffee, then at any time of the day, stop by one of our food and beverage outlets to discover the new flavours of coffee, tea and hot chocolate on offer with Segafredo Zanetti.
View more. Presidente of Disneyland Paris. Angela Bliss. Vice President Human Resources. Daniel Delcourt. Gilles Dobelle. Edwige Lechevalier. Head of Commercial. Boris Solbach. David A. Jon Wood. Vice President Technology. Key Figures. Cast Experience. Making dreams come true is a real job The company owes its success to its ability to find and develop a variety of talents, called Cast Members. Discover our jobs. Euro Disney Club. View More. Real estate Development.
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A refreshing partnership that's been going since the Resort opened in The move makes Disneyland Paris the third theme park to be solely owned by the Mouse House. The four theme parks in China and Japan part-owned by other companies.
Just go to our Attractions Insider page. Every one of Spain's three major parks - each of which was backed or managed by a major industry player - has suffered intense financial pressure since opening. Suggesting Disney should have built such a huge enterprise in an area that is almost entirely devoid of tourists outside of peak season makes zero sense. There's a long list of things they could have done better when developing EuroDisney, but building in such a temperamental and seasonal market would only have compounded the problems.
Gabriel - I'd say that's the right approach. There's plenty of beauty in the place, but it's not yet worth of a dedicated trip. The city of Paris itself however is totally worth it! A true one-of-a-kind. Their Studios Park really might be one of the worst parks I've ever been to. It makes the construction zone of Hollywood Studios look amazing. But Disneyland Park was maybe the best Disney parks I've been to in the world.
I simply do not get the negative reviews of it. Their version of Haunted Mansion is unbelievably good, and the park itself is huge and gorgeous.
Now percent of the losses will belong to Disney. The main park arguably rivals Magic Kingdom in it's scope and scale. The studios is an unfortunate and poor copy that comes nowhere near DHS.
Paris was chosen in part because of the good transport links to large parts of Europe and France. If you look at a railway map of Spain you can see gaping great holes. Personally I think DLP is worth a visit if you're in the area or based in Europe and can't afford the time or money required to visit 'the real thing.
It's numbers have been dropping for the past 5 years but other parks numbers have remained fairly constant, I presume the same people visit those parks again and again but DLP is a 'one and done' deal.
This article has been archived and is no longer accepting comments. Theme Park Insider - June Robert Niles. B Goodwin. Ian Robinson. Daniel Galvan. Still a fan.
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