Losing 100 million a year, where is the worst Disney in the world?

Walter Disney Company is one of the top ten companies in the world. Disney not only owns Disney blockbusters, but also owns this famous Disneyland. For a country or even a region, opening a Disney means a steady stream of economic income, and so do Shanghai Disneyland and Hongkong Disneyland in our country, which earn a lot of money every year. But I wonder if you have heard that Disney will lose money?

Disneyland Paris is one of the best. Located 32km east of Paris, Disneyland Paris was founded in 1992, and it is the second Disneyland outside the United States. Disneyland Paris is huge, not only the first Disneyland in Europe, but also the largest Disneyland in Europe so far. In addition to the facilities of Disneyland, there are seven super-large hotels with nearly 6,000 rooms, which are extremely luxurious.

At the beginning of the establishment of Paris Disneyland, many people thought that Paris Disneyland would definitely bring many economic benefits to Paris. To this end, they also built many restaurants and recruited many employees. But what people didn't expect was that Disney Paris suffered from Waterloo at the beginning and lost hundreds of millions in the first year of its opening. In the later business, I only earned $2,500 a year, and basically lost 1 100 million dollars for the rest of the year. Many people find it hard to believe why Disneyland Paris can't make money. There are three reasons in the final analysis.

First, the timing is wrong. The completion time of Paris Disney coincided with the worst economic recession in Europe. At that time, many European and American tourists were far more economical than American tourists. Many people come to Disney not only to stay in hotels, but also to bring their own meals, lacking the profits provided by hotels and restaurants, which also caused Disneyland Paris to suffer a turnover of Waterloo in the first year, and so did the following years.

Second: the location is not good. Disney chose Paris, which is the city with the most tourists in Europe. This is not a big problem, but Disneyland Paris is built only 35 kilometers away from Paris. In this way, many people who come to Disney will not want to spend the night in Disney, but will spend the night directly in the center of Paris, thus saving a lot of accommodation expenses in Paris Disneyland. The reason why Shanghai Disneyland in our country is also built not far from the city center is because we have too many people.

Third: cultural differences, from the perspective of cultural conflicts, are indeed true. Disney belongs to American culture, while Paris belongs to the central city of European culture. Do you want to accept this in a short time? Half-assed? For Parisians, it takes some time. Many Parisians have great rejection of Disney, and the propaganda representing American culture also suffered great resistance at that time.

Together, these three reasons lead to the fact that Paris Disneyland has been operating for nearly 28 years from 1992 to 2020, but it has not been able to make money back. It is not a simple matter to earn money back. It is understood that Disneyland Paris spent more than $5 billion at the beginning of its construction, so the status of Disneyland Paris is very embarrassing now. If you want to make money, you don't have to make it, but if you tear it down, you will lose a lot.