Disneyland Paris cuts losses despite fewer visitors

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.