Disneyland Paris Makes Huge Financial ComebackForbes Magazine reports that Disneyland Paris had $51 million in operating profit last year on revenue, causing the Park to cross a record $2.6 billion.
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The company's Parks, Experiences and Products division reported $8.3 billion in revenue, up 13%, and an operating income of $2.43 billion—despite a slowdown at Walt Disney World. Disney's international parks such as Shanghai Disney were the biggest contributor to growth and, but domestically, revenue was up just 4%.
With costs so high, it's no wonder why many families find it difficult to afford a Disney vacation. A recent LendingTree survey found that 18% of Disney visitors have gone into debt for one or more of their trips to the destination. And among those with Disney debt, 8% say it will take more than a year to pay it off.
Despite its blockbuster attendance, Disneyland Paris has rarely made a profit since its ornate iron gates swung open in 1992. Its bottom line has been weighed down by charges including interest payments on the $1.8 billion (€1.7 billion) of bank borrowings that were used to fund the construction of the resort.
Today, the park enjoys resounding success as the most visited park in Europe, and one of the most beautiful iterations of Disneyland in the world… but not without cost.
Until 30 September 2023, enjoy the Grand Finale of our 30th Anniversary. Dream bigger, laugh louder and smile wider, with jaw-dropping shows, new attractions and experiences that will make the end of this once-in-a-lifetime celebration more special than ever!
On 27 February 2018, Walt Disney Company CEO Bob Iger announced that company would invest €2 billion into the Disneyland Paris resort. The Walt Disney Studios Park will be expanded with three new areas between 2021 and 2025, based upon Marvel, Frozen and Star Wars.
From ongoing battles with Florida Governor Ron DeSantis and his board appointees to subscriber losses on its streaming platform, Walt Disney leadership may be wondering if they've unknowingly fallen under a dark curse. And now, to make matters worse, its theme parks are dealing with declining foot traffic.
For Disney, it would mean losing a significant source of revenue, as the company's Florida operations include four theme parks, two water parks, several hotels, and numerous other attractions that draw millions of visitors each year.