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-   -   is it true disneyland paris filing for bankruptcy monday? (https://www.thedibb.co.uk/forums/showthread.php?t=833942)

Gill H 5 Oct 14 02:02 PM

Attendance was high for the 20th anniversary so a slump is not surprising.

sweetemotion 5 Oct 14 02:13 PM

What a shame they aren't doing as well :( I've wanted to go back to DLP for a while but have been saving for other things, hopefully a weekend next year I will make it back there. I really think they need better merchandise overall though. If they had similar stuff to DLR and WDW then I would spend tons there!

Ariel32 5 Oct 14 04:00 PM

I very much doubt it, it would be catastrophic for the brand over all. But just so you know. I always, always book my holiday on a credit card.

I know people don't always like credit cards but in this day and age, with uncertainty and so many good 0% deals. It's insanity not to have one. Not to mention the clarity is the cheapest way to spend abroad.

Anything over 100 even if you only put some on your CC. They have joint liability under section 75. So if your holiday company goes belly up get a refund from your credit card!

cazspence 5 Oct 14 04:12 PM

Quote:

Originally Posted by Ariel32 (Post 10109153)
I very much doubt it, it would be catastrophic for the brand over all. But just so you know. I always, always book my holiday on a credit card.

I know people don't always like credit cards but in this day and age, with uncertainty and so many good 0% deals. It's insanity not to have one. Not to mention the clarity is the cheapest way to spend abroad.

Anything over 100 even if you only put some on your CC. They have joint liability under section 75. So if your holiday company goes belly up get a refund from your credit card!


Same here, but I save the money first so I'm instantly paying it off. Sometimes before it's even off the credit card.

mikeishere 5 Oct 14 04:15 PM

Doubt it would be closure, it would look bad for the company overall to close a major Disney theme park and even though its got money issues its still the biggest tourist destination in Europe so why would they want to close something that popular. If anything the wdc will want to take it over so they can finally see the rewards and profits that come from being the no. 1 tourist destination in Europe instead of usually never seeing these benefits being in debt.

geoffa 5 Oct 14 04:20 PM

So the BIG question is why they aren't making a profit? If it is the No 1 tourist destination why isn't it succeeding financially? Disney Corp has bailed this place out once already. It renegotiated the loans from the European bankers threatening "to walk" if they didn't listen. Ok we have been through an economic depression but if its hotels were full and it was packed to capacity at times why is it so different in operation to its sister parks?
Somebody must have an answer.

mikeishere 5 Oct 14 04:27 PM

Quote:

Originally Posted by geoffa (Post 10109210)
So the BIG question is why they aren't making a profit? If it is the No 1 tourist destination why isn't it succeeding financially? Disney Corp has bailed this place out once already. It renegotiated the loans from the European bankers threatening "to walk" if they didn't listen. Ok we have been through an economic depression but if its hotels are full and it's packed to capacity at times why is it so different in operation to its sister parks?
Somebody must have an answer.

I just thought it was because its debt was so high from the early years, it needs its 5000000000000 billionth visitor before it goes green haha

Ariel32 5 Oct 14 04:29 PM

Quote:

Originally Posted by cazspence (Post 10109184)
Same here, but I save the money first so I'm instantly paying it off. Sometimes before it's even off the credit card.

I just keep the money aside earning interest then pay it off when 0% ends. Except the clarity which is interest baring after 56 days. That I do pay off when we get back but wait until it's statemented or else it just makes the account look dormant to CRA.

geoffa 5 Oct 14 04:36 PM

Quote:

Originally Posted by mikeishere (Post 10109229)
I just thought it was because its debt was so high from the early years, it needs its 5000000000000 billionth visitor before it goes green haha

Exactly! DLP was built on the selling of shares and loans from European bankers. The interest on those loans grows and grows. Disney tried to get it to a manageable level but it doesn't seem to have worked.
I eagerly await the outcome of Monday's negotiations.

mikeishere 5 Oct 14 05:12 PM

Quote:

Originally Posted by geoffa (Post 10109256)
Exactly! DLP was built on the selling of shares and loans from European bankers. The interest on those loans grows and grows. Disney tried to get it to a manageable level but it doesn't seem to have worked.
I eagerly await the outcome of Monday's negotiations.

So to answer your previous question that is why it hasn't made a profit even though like you say hotels are full etc


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