Among many overseas Disney parks，Hong Kong Disneyland and Disneyland Paris have always been the “drag” behind Disney’s overall performance。As Hong Kong Disney’s long-term losses narrow，There is also news that Disney Paris’ performance has turned from losses to profits。

According to Formula Money，Based on the company’s latest submission，Disney Paris achieved profitability last fiscal year。Due to the increase in the number of tourists and tourist consumption，Company revenue increased nearly 13% to 1.5 billion euros ($2 billion)。

This performance is not easy for Disney Paris, which has been in financial crisis for a long time since its opening in 1992。2012 is the starting point for the company’s performance to improve in recent years，Walt Disney provided 1.1 billion euros that year (14.USD 600 million) to repay loan debt，And in 2017 at 2 per share.Obtained full control after acquiring part of the stock at a price of US$38。

Financial report released by Euro Disney Associes, the main operating company of Disney Paris，Disney Paris’ theme park revenue increased by 14% year-on-year in 188bet sports betting app download fiscal year 2018.5% to 8.€7.1 billion (11.USD 500 million)，And 3.87.5 billion euros (5.USD 1.3 billion)’s other revenue comes from five hotels operated by its subsidiaries and an entertainment area covering an area of ​​40,000 square meters。

Currently，Disney Paris’ largest employer in the Paris region，The number of employees increased by 4 last year.3% to 16368。Due to rapid revenue growth，Company last year 7.2% cost increase offset。However，Most of the costs come from employee salary expenses。

Data display，Disney Paris increased employee compensation by 65 million euros ($86 million) last year，reached 6.2.7 billion euros (8.USD 300 million)，History record。Easy to find，Even as powerful as Disney，Of its $2 billion in total revenue，Employee cost ratio is as high as 41.5%，It is self-evident that employee service and work efficiency are important to the operation management and performance of the entire park。

Also，The company achieved an operating profit of €18 million ($23.8 million) last year，In comparison，The company lost 43 million euros ($57 million) in the same period last year。According to foreign media reports，This is the first time Disney Paris has made a profit in more than a decade。

In fact，Even if Disneyland Paris achieves operational profitability，But it does not mean that the company finally makes a net profit。FY2018 compared to 2014、-2 in 2015 and 2016.4.2 billion euros、Improvement in operating profit results of €57 million and €66 million，188bet app download But past experience shows different results。FY2008-2010，Disney Paris operating profit was 90.5 million euros respectively、€26.41 million and €34.1 million，But the net profit is 1.7 million euros respectively、-€63 million and -€45.2 million，Only profitable in 2008。

In the past 27 years of development history，Disney Paris has been losing money for 20 years，7 years of profit，The five consecutive years of profitability from 1995 to 1999 were the result of banks and Disney exempting large amounts of interest and debt。

However，Data display，Half of Disneyland Paris Resort is currently undeveloped。Over the years，It has more tourists than the Louvre and the Eiffel Tower combined，Both Walt Disney and the French government hope that the resort will get out of the quagmire of losses。

March last year，Walt Disney CEO Bob Iger announced plans to invest 2 billion euros ($2.5 billion) in Disney Paris，The future is built with Star Wars、Marvel movie and Frozen themed park，This expansion is expected to create more than 1,000 jobs at the resort。

November last year，A consultation report mentioned in the British Daily Telegraph report，Disney Paris’ three major goals by 2030 are，Visitors doubled、The existing hotel rooms will more than triple and a third theme park may be built。

Calculated based on 15 million tourists in 2017，Disney Paris’s goal for 2030 is 30 million visitors，Close to the current level of Tokyo Disney。On the other hand，The current total number of hotel rooms in the 188bet sports betting app download seven Disney hotels in the resort is 5,800，By 2030，The resort plans to add 14,700 new rooms。

reported，Consultation work is currently in progress，The project is expected to start in 2019，The first phase of the project will be completed in 2021，All projects will be completed in 2025。

From the financial report，Disney Paris’ financial failure can be attributed to many factors。Except the economy、Culture、Diplomatic factors，Many decision-making errors in the operation management process have a great impact on performance。

For example，Before the opening of Disneyland Paris，Management believes that labor costs account for approximately 12% of revenue，But the actual number in the first year was 24%，Soared to 40% in the second year。The increase in labor costs has greatly increased the debt burden of Disneyland Paris。

Of course，This decision-making error is also related to Disney’s unfamiliarity with local labor laws and planning systems。According to Canadian Science and Technology Education Magazine，Disney grossly underestimated the cost of hiring French workers in France。

Another detail is，Influenced by the success of Tokyo Disney at the time，Disney also overestimated the number of visitors to Disneyland Paris。For example，First month of opening，Estimated number of tourists is 60,000 per day，But the actual number of tourists is only 2.50,000 people。After a full-year net loss of 50 million euros，Disney Paris was also forced to close a hotel。So it seems，As powerful 188bet app download as Disney is, it still has to pay a large tuition fee in the process of operating projects around the world。

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