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Hong Kong Disneyland rebounds despite Shanghai park's opening

08/23/2016| 5:10:23 PM|

Hong Kong Disneyland bounced back in the third quarter despite recent losses and Shanghai Disney Resort's opening.

Hong Kong tourism insiders urged the city’s government, which now holds 52% of the park in a joint venture with Disney, to speed up discussions on development of a second phase.

In February, Hong Kong Disneyland reported a net loss of USD 19.1 million (HKD 148 million) in 2015 – its first loss since 2011. The number of visitors in 2015 was also down to 6.8 million, 9.3 per cent less than the previous year. 

The number of mainland Chinese tourists went down by 23% from 3.6 million in 2014 to 2.78 million in 2015. That may be a reflection of the impact of Shanghai, or the wider slowing of the Chinese economy.

The proportion of visitors to the Hong Kong park from mainland China dropped to 41%. The impact of the Shanghai opening may in fact have been positive Hong Kong park, which can now concentrate on promoting in southern China provinces. These parts of China have 200 million to 300 million population.

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TAGS: Hong Kong Disneyland | Shanghai Disney Resort | Disney
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