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Hong Kong Disneyland remains in the red but reduces losses

02/20/2019| 9:25:21 AM|

On March 31, HKDL will open “Ant-Man and the Wasp: Nano Battle!”, an interactive experience that forms the second installment in expansion of HKDL’s Marvel-themed area into a hub.

The Hong Kong Disneyland Resort theme park remained in the red for the fourth straight year, but there are signs of improvement.

For the financial year to end-September 2018, HKDL reported $769 million (HK$6 billion) of revenue from 6.7 million visitors, an increase of 8%. Net losses fell from $32 million (HK$291 million) to $6.92 million (HK$54 million).

Management reported that occupied room nights at the resort hotels, park attendance and guest spending all increased. The park’s financial year closed before the recent opening of the high-speed rail line to mainland China, and before the opening of the Hong Kong- Zhuhai-Macau road bridge, both of which are now boosting the volume of tourists to Hong Kong.

On March 31, HKDL will open “Ant-Man and the Wasp: Nano Battle!”, an interactive experience that forms the second installment in expansion of HKDL’s Marvel-themed area into a hub.

The park is 53% owned by the Hong Kong government, with The Walt Disney Company owning the remaining 47%.

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TAGS: Hong Kong | Disneyland
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