How Brexit could impact Disneyland Paris

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On Thursday 23 June 2016 Britain went to the polls and voted in the EU Referendum, the result of which the next morning sent shock waves around the world knocking $2 trillion   off the worlds financial  markets, the crash of the Pound and  the resignation of the Prime Minister.

The British people have voted   to leave the European Union by  51.9% to 48.1% in the largest turn out of the electorate since 1992  –   17,410,742 people voted to leave and 16,141,241 voted to remain.

As the Pound plummets to a 31  year low against the US Dollar,  and one of the big three credit rating agencies S&P Global Ratings down grades the United Kingdoms AAA credit rating to AA with ‘a negative outcome’,  we speculate on how Brexit could impact Disneyland Paris.

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Before the referendum on the 20 June,  shares in Euro Disney S.C.A.  in which The Walt Disney Company  is the majority shareholder were trading on the Euronext  at €1.21. Today (27 June) seven days later after a fall to €1.17 on Friday the share price has recovered to a pre-referendum price of €1.21.

For a UK investor to purchase the 1,000 shares required to join the Euro Disney Shareholders Club on the 20 June would have cost £930. Now 1,000 shares will cost  £1008.

Shareholders that own 100 Euro Disney Shares will now find that their shareholding is worth £100.85.  Still a lot less that they paid for them before the recapitalisation last year when the share price was devalued from €3.50  to €1.25.

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Over the last 12 months the Euro Disney share price has been volatile  and dropped considerably following the November 2015 terrorist attacks in Paris when many Guests cancelled their bookings.

The share price made a recovery earlier this year to around the  €1.25. mark – its post recapitalisation price and the share has floated around that price  for the last few months.

Euro Disney S.C.A. will announce their third quarter results on Tuesday 9 August 2016  and since Friday,  France has now overtaken the United Kingdom to become the worlds fifth largest economy which is news that was welcomed by Paris’ financial sector.  This boost to the French economy could see a further rise in the share price if this quarters results show an improvement in visitor numbers, increased hotel occupancy and Guest spending.

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Before the vote on Thursday £1 bought $1.48 and €1.28. By Monday, £1 bought $1.32 and €1.19. For holidaymakers, going abroad is now more expensive.

Aviation fuel is priced in US Dollars and with the drop of the Pound against the Dollar, this will be impacting the profits of the airlines, who will of course pass on these additional costs to their passengers, so flying to France in the future is going to be more expensive. Shares in EasyJet have fallen 28% since Thursday as investors fear a recession will hit the United Kingdom, cutting the number of holidays and trips abroad made by the British.

With the drop of the Pound  against the Euro  visitors from the United Kingdom will find their holidays to Disneyland Paris more expensive in the short-term.  In the long term it is difficult to predict what will happen to the Pound.  During the next few months Guests from the UK will be monitoring their spending and sticking to a budget, which could impact  Guest spending in the months to come.

In November  Disneyland Paris will be publishing their next holiday brochure and the company will be setting their pricing based on the exchange rate for Holiday Packages from October 2017 on-wards in the next few months.

If the Pound stays at the level it is now  against the Euro, UK visitors could see an increase of around £100 in the prices of Holiday Packages and Meal Plans in 2017.

How much Disneyland Paris raises its prices is yet to be seen, but if the resort  fears a drop in visitor numbers from the United Kingdom   I expect we will see large discounts and offers being used  to entice the  British to keep visiting the resort.

During the last financial year (1 October 2014 – 30 September 2015) 14.8 million Guests visited Disneyland Paris, with 2.19 million of those from the United Kingdom.

2015attendance2.19 million visitors is not an insignificant number,  the British make up 14% of  Disneyland Paris’  Guests, and the United Kingdom is the resorts second largest market place after France.

Any decrease in visitors from the UK to Disneyland Paris will be significant, especially during the resorts 25th Anniversary year when the company and it’s investors are expecting  the resort to increase visitor numbers, raise hotel occupancy rates, and improve Guest spending in a year that promises  updated refurbished attractions and new entertainment to tempt visitors.

What about those Guests who all ready have booked to visit next year, how could the drop in the Pound impact their bookings?  In the Booking Terms and Conditions Disneyland Paris reserves the right to alter the total amount of a booking due to exchange rate fluctuations.

Whether or not Disneyland Paris imposes any price rises to those Guests already booked and risking further cancellations, is yet to be seen.  But if they do it would be a very brave move.

I.5 Prices – Alteration of prices

Prices of our Holiday Packages and Separate Services have been determined on the basis of the existing economic conditions on the date of establishment of the prices in Euro on June 23rd, 2014 on an exchange rate of £1.00 = €1.20926 for the period from April 1st, 2015 to March 23rd, 2016 and on June 23rd, 2015 on an exchange rate of £1.00 = €1.32064 for the period from March 24th 2016 to March 28th 2017.

We reserve the right to amend our prices at any time before you book your Holiday Package or Separate Services, subject to your being advised of the total cost prior to booking.

Prices are subject to changes, in compliance with the applicable laws, even after you have booked, to account for a modification to or the imposition of any dues, taxes and fees on your booking, for exchange rate fluctuations and/or, as the case may be, for transport cost increases (including by reason of increase of the cost of fuel).

We reserve the right to alter the total amount of your booking by applying the relevant fluctuation rate to the concerned element of your booking. Any increase will be notified to you in writing and you will have the right to cancel your booking at no charge. Where you have booked Holiday Packages, we will however absorb all increases of less than 2% of the total cost of your booking and notify you of any increase of 2% or above.

In anycase, no such increases will be made within thirty (30) days of your arrival date at Disneyland® Paris (“Arrival Date”), or of your departure date, meaning the date of commencement of transport* (“Departure Date”) if transport* is included.

One major benefit United Kingdom residents would  lose  is  the ability to book their holidays under a promotional offer being run in another European Union Country.  Once Britain exits the European Union Disneyland Paris would  no longer be under any  EU price matching obligations to sell these offers to Guests living in the United Kingdom.

Another issue facing British holiday makers will be the loss of the abandonment of European mobile telephone roaming charges in 2017.  Making mobile calls or using data  more expensive once the UK leaves the EU.

The cost of medical and travel insurance will possibly rise too adding further costs to Britons traveling to Disneyland Paris as European Health Insurance Cards (EHIC) would no longer be valid.

One thing is for certain many Britons will be tightening  the purse strings and  curtailing their  spending on luxury items like holidays  during the next two years while the United Kingdom negotiates its exit from the European Union.

With  50% of new house purchases cancelled in the UK since Friday this appears to be already happening.

Disneyland Paris employs 15,000 Cast Members, many of those are from the United Kingdom.  They  could possibly  lose their existing right to work in France.  British Cast Members could find themselves caught up in French bureaucracy and increased work visa fees.  But I do not think the company would cease employing people from the United Kingdom.

The European Parliament is due to meet and debate the implications of the United Kingdom leaving the European Union this week.

Sources:

ABTA
BBC News
Euro Disney S.C.A.
Google Finance
Reuters
XE
Yahoo Finance

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How the EU Referendum result will affect your trip to Disneyland Paris

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If you have a trip booked to Disneyland Paris, we are guessing  you’re wondering how the result of the EU Referendum will affect you now that the United Kingdom has voted to leave the European Union.

Today I’m joined by  my traveling companion and fellow Disneyland Paris fan Duffy, who like many other  fans and holidaymakers  has some questions about his forthcoming trip to Disneyland Paris in November.

Duffy: Will I need a visa to visit Disneyland Paris in November?

No Duffy, you will not require a visa to visit France in November if you already hold a British passport.

It could  take the United Kingdom two years or more  of negotiations  to leave the European Union.  The British Government has to notify the European Council that it wishes to withdraw first using Article 50 of the Lisbon Treaty. The United Kingdom then has to obtain the consent of the European Parliament before the country leaves the European Union, which could be a long process,  so you’re not going to see any changes until at least 2018.

Duffy:  Would I need a visa to visit France in the future after 2018?

That is something we do not know yet, but citizens of many countries not in the EU do not require a visa to travel to France for tourist purposes if their stay does not exceed 90 days.

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Duffy: I read on Facebook that I will need a new passport to visit France?

No Duffy, you will not need a new passport. The passport you have now will be valid until its expiry date.  The same applies to your driving licence if your driving to France.


Duffy:  Will my EHIC card still be valid?

Yes Duffy  your European Health Insurance Card (EHIC) will still be valid, but remember your  EHIC card does not replace travel insurance.

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Duffy:  Will I get less Euros to the Pound now?

The Pound is looking to recover the ground it lost overnight on the initial shock following the decision to exit the European Union, but after the address by the Governor of the Bank of England, Mark Carney it has appeared to have settle the nerves of the financial markets.

At the moment the exchange rate for the Pound against the Euro is €1.24 and it is actually not too far below the mid-June lows, and we are still some way above the February low of €1.23.  But you should expect some volatility in the currency exchange markets in the short-term, so don’t be too surprised if the Pounds drops against the Euro during the next few weeks.

Duffy:  Will there be changes to security or immigration procedures when we travel?

No Duffy everything will remain the same.  Eurostar issued a statement today to reassure all their travellers that there will be no changes,  and  a spokesman for Heathrow Airport said: “Anyone travelling through the airport will find it operating normally with no changes to security and immigration.”

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Duffy: Will I be able to renew my Annual Pass in November?

Yes Duffy – today’s decision to leave the European Union will not affect our travel plans for quite some time to come, so there is no reason for you not to renew your Annual Pass.

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Duffy:  I read on Facebook that British visitors will not be welcome in Disneyland now?

Duffy – please stop believing all the rumors you read on Facebook, the sky is not going to fall in after today’s decision.  Mickey Mouse will still welcome us with open arms and you can take that tin foil hat off now.

Duffy:  So nothing is going to really change then?

That’s right Duffy, nothing is going to change in the short-term, so any holidays you already have booked to Disneyland Paris will not be effected by today’s decision, and ABTA the Association of British Travel Agents has published a  Brexit Q & A on their website to help put your mind at rest.

 

Duffy:  Can I get a Dole Whip at Disneyland Paris now?

No  Duffy you can’t, but you can buy a pineapple ice cream whip.

 

Duffy: Will people still use selfie sticks in the parks?

I think they will Duffy….

 

Duffy:  And smoke in the parks too?

Let’s not go there………

 

Moana arrives at Disneyland Paris for Disney’s Enchanted Christmas season.

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Following the unveiling of some new images from Disney’s new Christmas film Moana or Vaiana as it will be known in France earlier this month, Disneyland Paris has revealed today that the character of Moana / Vaiana will arrive at Disneyland Paris in November as part of the Disney’s Enchanted Christmas season!

Moana is  a new feature film from Walt Disney Animation Studios, and tells the story of an adventurous teenager who sails out on a daring mission to fulfil the ancient quest of her ancestors and save her people.

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During her journey across the vast ocean, Moana (voiced by Auli’i Cravalho) meets demi-god Maui (Dwayne Johnson).  Together, they complete a voyage packed with action and encounters and facing impossible odds…  By fulfilling the ancient quest of her ancestors, she will discover the one thing she’s always sought: her own identity.

Directed by the renowned filmmaking team of  Ron Clements and John Musker, who made their writing and directing debuts in 1986 with the feature film The Great Mouse Detective. They then wrote and directed Disney classics such as the underwater adventure The Little Mermaid in 1989, Aladdin in 1992, the Hercules in 1997 and Treasure Planet in 2002, and The Princess and the Frog in 2009.

Moana  sails into British cinemas on 2 December 2016 and  French cinemas on 30 November 2016.

Halloween Soirée tickets released for sale

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Tickets for this years Disneyland Paris Halloween Soirée party being held on 31 October 2016, from 8:30 pm to 1:00 am  have been released for sale on the resorts website priced at  £34 / €45 for adults and children.

Disneyland Paris has published the following information with regards to  Halloween-themed costumes for this years event.

Information about the wearing of costumes:

Guests are exceptionally authorized to wear Halloween-themed costumes during this special evening event. However, we reserve the right, at our discretion and at any time, to prohibit certain costumes such as those which completely conceal the wearer’s face or head and/or if we consider the costume/accessories/make-up shocking or inappropriate for our younger guests and their families.

The same applies to accessories that could be considered dangerous on attractions for other Guests (e.g. long capes, sticks, weapons factitious etc.) or could affect safety or security within the Park.

As a reminder and according to the rules of the Parks, please note that the following items may not be brought into the Parks:

  • Any object or toy having the appearance of a firearm (laser gun, water gun)
  • Any mask worn by Guests of 12 years of age or older (except for medical reasons)
  • Any clothing trailing on the ground.

For safety reasons, we also reserve the right to visually inspect or use security scanning equipment on your clothing, coats and personal belongings before entry and/ or inside the Parks especially for guests wearing multi layered costumes that cover the entire body.

Guests who would like to wear a Disney Character costume commit to refrain from posing for photos and from signing autographs.

Further information released about the Mickey and the Magician show.

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Disneyland Paris has released further information today about the new ‘Mickey and the Magician’  show that will make its debut on 2 July 2016 and will run until 8 January 2017. The show will be presented in the Animagique Theater, in Toon Studio, in the Walt Disney Studios Park, and there will be several Franco-English shows per day.


New: “Mickey and the Magician”
at Walt Disney Studios® Park:
An incredible show with amazing illusions

Entertainment just keeps on creating new surprises at Disneyland Paris®. This summer, the public will be able to enjoy “Mickey and the Magician” for the first time. This show, specially created for Walt Disney Studios® Park, will star the mouse who started it all.

Mickey is poised to become the hero of a brand new story. Far from his recent roles of master of ceremonies, this new show will take him back to where Disney magic all began. He is embarking on a unique experience where magic fuels dreams. Mickey will learn valuable lessons from iconic Disney Magicians leading him to his dream of becoming a Magician. But these lessons are full of surprises, because, although enthusiastic by nature, Mickey is terribly clumsy.

A new adventure for Mickey
Go back in time to Paris at the turn of the 19th century… and enter a great Magician’s atelier, where the assistant is no other than a certain Mickey Mouse! Night has fallen. Tinker Bell has spread a little stardust. When he is given the task of cleaning up the atelier before sunrise, the young apprentice gets distracted! Nothing turns out as expected. Mickey finds himself accidentally transported to the most magical Disney film worlds. He becomes the hero in this incredible show where illusion is key and the audience find themselves plunged into a world of magic and delight.

A magical story
To illustrate this return to where the magic all began, the creators of “Mickey and the Magician” draw inspiration from the great illusionist Georges Méliès and the famous magician Robert-Houdin. This is not a traditional magic show. The illusions will form the basis of this brand new story. Disneyland Paris has called on the acclaimed magician Paul Kieve to create these illusions.   “It’s hard to think of the word ‘Disney’ without also thinking of the word ‘Magic’. I became fascinated with magic when I was 10 years old and was always inventing ideas in my head. One of the great things about working on ‘Mickey and the Magician’ is that I can bring some of these ideas into reality!” said Paul Kieve.

“When I was 10 years old I was taken to Disneyland in California. Magic of course became my life, so to have the opportunity to bring wonderful magic into a permanent live show in Disneyland Paris, surrounded by these classic Disney characters is a dream come true for me. I’m excited that thousands and thousands of kids of all ages will be introduced not only to live magic, but to high quality live theatre by watching Mickey and the Magician. I hope it will be an experience they will never forget.”

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Stars from Cinderella, Beauty and the Beast, The Lion King, Aladdin and Frozen all lend a hand
Every object has a story and the Magician’s secret attic is cluttered with amazing artefacts, curious props, and mysterious objects: a hat, a candlestick, a zoetrope, a lamp and a crystal ball among other things. Distracted from his task, Mickey stirs the magic within each object. He then embarks upon an extraordinary journey strewn with breath-taking illusions magical moments, and crosses paths with iconic Disney magicians.

 The Fairy Godmother from Cinderella unveils her famous spell, Bibbidi Bobbidi Boo. Rafiki, the mandrill and great mystic from The Lion King will remind him of the meaning of “The Circle of Life”. The Genie from Aladdin performs an eccentric number for him to the tune of the famous song “Friend Like Me”. Lumière, the French candlestick from Beauty and the Beast has a surprise in store for him with his new enchanted version of “Be Our Guest”. Finally, Elsa, from Frozen, will show him how to…”Let It Go”!

He will learn from each in turn as they share amazing magical moments with him, to help him discover the true meaning of the word “magic”.

The magic of the music
The unforgettable songs that helped to make each of these major films such a success have been specially re-orchestrated. “Mickey and the Magician” promises the audience great music featuring completely unexpected sounds. For example, “Be Our Guest”, the star song from Beauty and the Beast, will feature the sounds of the circus; while “Friend Like Me”, sung by the Genie from Aladdin, takes on a Broadway style, integrating tricks and tap dancing. The show also features a brand new song.

“Mickey and the Magician” sees Mickey take on a different role and gives the audience another opportunity to see the stars of Cinderella, Beauty and the Beast, The Lion King, Aladdin and even Frozen come to life on stage. A funny, musical, mischievous and moving show… full of illusions! Bibbidi Bobbidi Boo!

 

 

 

Hotel Easy Pass replaced with RFID technology

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Guests checking-in at Disney’s Hotel New York and Disney’s Newport Bay Club Hotel this week are being issued with the latest in Disneyland Paris technology.

A new card which replaces the paper Hotel Easy Pass is equipped with RFID technology and combines a hotel room key and Hotel Easy Pass all in one. The card also allows Guests access to breakfast and Extra Magic Hours in Disneyland Park .

Guests will also be able to  use the card as a hotel room charge card enabling Guests to charge meals, snacks and souvenirs to their to their hotel room bill.

Eventually in 2017, the cards will be issued to all Disneyland Paris visitors staying in Disney and partners hotels and will replace their Park tickets, Disney meal plan vouchers and Buffalo Bill’s Wild West Show tickets .

Source: DiseylandBerry

 

Backstage at The Hyperion Gazette podcast

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Last month we interviewed Disneyland Paris fan  and  DLP Hot Seat  host  Mitchell, and I received some very good feedback to that article, so we are starting an occasional Backstage series where once a month we will interview a member of the Disneyland Paris community.

So joining us this week in the Salon Mickey Lounge is Isaac Pevy host of The Hyperion Gazette podcast. Isaac is 21-years-old and is a freelance graphic and web designer who lives  near Ashford in Kent  which is handy for the Eurostar.  He  is a massive Disney and Star Wars fan, so when in 2012 The Walt Disney Company bought Lusasfilm and the Star Wars franchise it was  perfect for him .

Q: How long have you been a fan of Disneyland Paris?

I’ve been a fan for as long as I can remember. My Dad was always a big Disney fan and went to Euro Disney when it opened back in ’92. We went several times when I was very little, but then had a bit of a hiatus until 2012. Since then, I’ve been back over 10 times.

Q: When did you first visit Disneyland Paris and how often do you go?

I think the first time must have been when  was in 1998, when I was three. Now I try to make at least one visit a year, but usually end up going two or three times.

Q: Are you an Annual Pass holder?

I have been for a couple of years, but my pass ran out in February! I plan on renewing it next time I head over there, though.

Q: Are you a Euro Disney Shareholder?

I’m not. I got here a bit late to make holding shares worth the money really, other than to say that “I own a part of Disneyland”, which would be pretty cool.

Q: Have you visited any other Disney parks around the world?

Unfortunately not. California looks like it might be happening towards the end of the year though, which is VERY exciting.

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Q: How did you come up with the idea of starting the Hyperion Gazette podcast?

I’ve been wanting to start a podcast for a long time. A really long time. But I’ve never really had a unique idea, and I didn’t want to rehash what others were doing. Then one day I found myself just telling people about various parts of Disney history and they found it interesting. So I thought why not record this and release it.

There are so many podcasts about these days that listening to them all is tricky, so I thought I’d go for a short bite-size format that packs in some cool trivia information. Just something that makes you go “huh. How interesting”. At least, I hope that’s what my listeners think!

Q: Do you have a favourite episode so far?

I’m extremely critical of my own work. Considering basically all my podcasts have just been me I don’t really ever listen to one and think “this is brilliant”. But I really enjoyed working with Mitchell from the Disneyland Paris Hot Seat to produce my Tsum Tsum episode, and the Oscars one was good fun to do.

My latest one on Discovery Island though I think is possibly my favourite, though. It felt like uncovering something hidden, and doing some detective work, something I’d like to do more of in future.

Q: Do you find it difficult to produce a weekly podcast?

Short answer: yes. It’s difficult to find time to research and produce a podcast to the quality I’m happy with each week if I’m honest. But – as a listener myself I appreciate a weekly podcast, so it’s something I’m going to continue to try to do. I’ve had a few hiccups on the way, with various things in my life happening meaning I have to put the podcast on hold for a week or so, but things are starting to stabilise in that sense so the weekly format is going nowhere.

Q: How can people listen to your podcast?

It’s available everywhere! iTunes, Stitcher, Soundcloud are the big ones though I suppose. I’m working on a website for the podcast too (a little exclusive for you) so that’ll be another place people can find us.


 

You can find the Hyperion Gazette on  Twitter @HyperionGazette and listen to the podcast via:

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