Business

Disneyland Paris cuts losses despite fewer visitors

Mickey and Minnie Mouse at Disneyland Paris
Image caption Euro Disney says visitors are spending more money

Euro Disney has cut its annual losses by 28%, despite a fall in visitor numbers to Disneyland Paris.

The company that runs the theme park said its net loss for the 12 months to 30 September was 45.2m euros ($62m; £38m), down from 63m euros a year ago.

Euro Disney said that while visitor numbers to Disneyland Paris fell 2.6% to 15 million, average spending per tourist rose 2.4% to 45.30 euros.

Annual revenues at the company were up 4% to 1.28bn euros.

Euro Disney is 40% owned by Walt Disney, 10% by the Saudi royal family, and 50% by other shareholders.

Philippe Gas, Euro Disney chief executive, said that despite a difficult economic context, Disneyland Paris remained Europe's most popular tourist destination.

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