Disneyland Paris rescued with €1bn bailout

Disneyland paris rescued in 1bn euro bailout

Disney is to rescue Disneyland Paris in a €1bn (£785m) bailout as the French tourist attraction struggles with high debt.

The Walt Disney company is to help Euro Disney, which operates the Disneyland Paris theme park.

In a statement, Disney said: "This recapitalisation plan would improve Euro Disney Group's financial position and enable it to continue investing in the guest experience.

"With this effort, we are demonstrating the Walt Disney Co.'s continued confidence in Disneyland Paris, which remains the number-one tourist destination in Europe."

The Guardian reports that despite visitor numbers being down, Disneyland Paris sees more visits than the Louvre and the Eiffel Tower combined.

Experts say that for the park to start making money it needs to attract at least 15 million people a year. In the past year it has pulled in 14.1 million tourists.

According to Today, there have been rumours that Disney intends to buy all the equity in Disneyland Paris. It currently owns 40 per cent of the attraction, while Saudi Prince Alwaleed owns 10 per cent and the remainder is publicly held.

Tom Wolber, president of Euro Disney, told the BBC: "Disneyland Paris is Europe's number one tourist destination, but the ongoing economic challenges in Europe and our debt burden have significantly decreased operating revenues and liquidity."

Euro Disney said that it believes the rescue package would help it boost numbers.

Disneyland Paris' 20th anniversary
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Disneyland Paris rescued with €1bn bailout

Disneyland Paris is now officially the most popular tourist attraction in the Paris region, overtaking the iconic Eiffel Tower.

It's the one place in the world where age is just a number - it doesn't matter whether you're 14 or 40, it will bring out the magic of childhood for anyone and everyone.

Your favourite characters, like Donald Duck, Goofy, Mickey and Minnie Mouse, will have brand new 20th birthday 'Sorcerer's Apprentice' outfits for you to marvel over.

Everybody's favourite mouse is taking time out and welcomes you to meet him backstage in the rehearsal room of his theatre in Fantasyland.

Disney Dreams! is the unmissable new nighttime spectacular show, which will take place at the majestic Sleeping Beauty Castle.

To celebrate the 20th Anniversary, for 12 months from April 2012, Disneyland Park will be showered with sparkling lights and fairy dust, making the experience more magical than ever.

Every day, one of the Disney Princesses invites visitors to an enchanted rendezvous, so make sure you take them up on the opportunity to strike your own royal pose with them.


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How to do Disney on a budget
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Disneyland Paris rescued with €1bn bailout

If you are staying at a Disney resort, take advantage of the Magical Express Transportation shuttle service, which is complimentary to and from your hotel/Orlando International Airport.

Travelling with children under the age of three? They get free admission to all Walt Disney World parks. If you're not taking your own buggy, it can be cheaper to pay for your buggy hire in one go ($13 for multiple days instead of $15 for single days) – or even consider buying a cheap buggy.

Eating healthily at the parks doesn't have to be expensive – for example, you can buy apples, pears and oranges for just 85 cents. And the ever popular giant turkey legs (which go a looong way and are made for sharing) are around $9.

Take water bottles so you can fill up at the fountains in the parks and save money on buying soft drinks which will quickly mount up in the Florida heat. If you're staying at a Disney resort, buy the refillable cup ($5.95 to $9.95) and then your soft drinks, tea and coffee will be free at your hotel.

Make sure you have a big breakfast to set you up for the day and take your own snacks and drinks into the park – there are absolutely no restrictions on doing this. Tom Sawyer's Island in Magic Kingdom is a relaxing place to stop and have a picnic.

Consider staying at a Disney value resort – choose from the Pop Century Resort and the three All-Star resorts. Rooms start at just £19 per person per night (based on four sharing), and you get all the benefits of staying at a Disney hotel, including Disney's Extra Magic Hours giving you more time to enjoy the parks before the crowds start arriving and free use of the transportation system (including the boat, monorail and bus).

For an inexpensive souvenir your kids will want to keep forever, get them an autograph book (around $6) and then they can collect characters' signatures as you walk around the park. And if you're going to give them some spending money, set a limit, and stick to it – they'll have fun working out what to buy with their US dollars and it will teach them how to budget, too.

Book your holiday as early as possible to get the best savings. For example, if you book for 2013 now (by 20 June), you get extras including dining for free for the duration of your stay, $200 spending money and a 14 day ticket for the price of seven.

The longer you stay, the less you pay - a multi-day ticket works out cheaper than buying individual day passes. Not only does your entry ticket give you admission to all the rides, but the parades and fireworks are included as well, making it great value for money. You can find out more info about ticket options here http://disneyworld.disney.go.com/tickets-passes/

The Disney Dining Plan is an easy way to budget for food during your stay. There are different packages available, saving you up to 40 per cent of the cost of meals, and you can choose from over 100 different restaurants.

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