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Article: Euro Disney Tourism Thin This Summer
- Article from:
- AP Online
- Article date:
- August 2, 2003
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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Dateline: PARIS
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Mickey Mouse is smiling a lot less in Europe these days.
High debt, lagging tourism revenues, a morose economic picture and
French strikes have cast a pall over Mickey's masters at Euro Disney
SCA, the operator of two Disney-themed parks outside Paris.
At this time of year, Disneyland Paris should be teeming with European
visitors. But thin tourist traffic and an inability to meet bank agreements
are making this a summer of discontent for the company that operates
it.
Because of unexpectedly low park attendance and hotel occupancy, Euro
Disney said Thursday that it doesn't expect to meet bank covenants
in fiscal 2003 and 2004 _ even ...