Concept
Disneyland Paris is an entertainment resort in Chessy, France, east of Paris. It encompasses two theme parks, resort hotels, Nature Resorts, a shopping, dining and entertainment complex, and a golf course. Disneyland Park is the original theme park of the complex, opening in 1992. A second theme park, called Walt Disney Studios Park, opened in 2002. Disneyland Paris celebrated its 30th anniversary in 2022; by then 375 million people had visited, making it the most visited theme park in Europe. It is the second called Disney park outside the United States, following the opening of the Tokyo Disney Resort in 1983, and the largest. Disneyland Paris is also the only Disney resort outside of the United States to be completely owned by The Walt Disney Company. It includes 7 hotels: Santa Fe, Hotel Cheyenne, Sequoia Lodge, Newport Bay Club, Hotel New York – the Art of Marvel, The Disneyland Hotel, and Davy Crockett Ranch. Disneyland Paris is considered to be the largest single-site employer in France with its 17,000 employees. Walt Disney announced a €1 billion (2.20 billion) and roughly 15 times its gross average earnings. Until June 2017, Disney only held a minority stake in the resort. In 2017, The Walt Disney Company offered an informal takeover of Euro Disney S.C.A., buying 9% of the company from Kingdom Holding and an open offer of 2 euros per share for the remaining stock. This brought The Walt Disney Company's total ownership to 85.7%. The Walt Disney company will also invest an additional 1.5 billion euros to strengthen the company. On 19 June 2017 Disney completed a tender offer to own over 97% of Euro Disney and then implemented a full buyout of the shares they did not already own. Following the success of Disneyland in California, plans to build a similar theme park in Europe emerged in 1966 with sites in Frankfurt, Paris, London or Milan under consideration.
