Theme park operators report revenue growth
Gaylord Entertainment Company has seen consolidated revenue increase for the last quarter of 2011 and for the full year, while Euro Disney has also seen revenues grow in Q1 2012.
The Tennessee, US-based operator of the Gaylord-branded hotels and resorts saw revenues grow by 26.3 per cent during Q4 2011 and by 23.7 per cent for the wider 12-month period.
According to the group, however, the temporary closure of Gaylord Opryland and a number of other Nashville-based assets in 2010 had affected trading for the comparative periods.
Adjusted revenues increased 3.1 per cent for Q4 2011, but decreased by 2.3 per cent for the full year. Total RevPAR increased during the fourth quarter, but remained flat in 2011.
Meanwhile, Euro Disney SCA - parent company of Disneyland Paris' operator - posted an increase in resort revenue (4 per cent) and total revenue (1 per cent) for Q1 2012.
Theme park revenues grew by 7 per cent compared with the same period in 2011, with hotel and Disney Village revenues up by 1 per cent despite a slight drop in occupancy.
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