Andrew Kam, managing director, Hong Kong Disneyland, says fiscal 2015 was a challenging year for the entire tourism sector.
IMPACTED by the challenging tourism landscape last year, Hong Kong Disneyland (HKDL) generated a net loss of HK$148 million (US$19 million) for the fiscal period ending early October 2015 with total revenue amounting to HK$5.1 billion.
HKDL had operated at a loss since its 2005 opening and only turned a profit in 2012.
“While fiscal 2015 was a challenging year in the entire tourism sector, we are committed to continuously contributing to the growth of the tourism industry in Hong Kong,” said HKDL managing director Andrew Kam.
“We are making significant investments in the guest experience at Hong Kong Disneyland, including new entertainment just launched as part of our 10th Anniversary celebration, the opening of the Iron Man Experience in 2016 and the construction of a new (750-room) resort hotel, Disney Explorers Lodge, which will welcome its first guests in 2017.”
Total attendance at the theme park dropped 9.3 per cent year-on-year to 6.8 million, with locals accounting for 39 per cent of total attendance, while mainland and international visitation made up 41 per cent and 20 per cent respectively. Lower visitation from mainland China and the region largely contributed to the lesser footfalls, according to HKDL in a statement.
With Shanghai Disney Resort set to open its doors to guests come June 16, visitations from mainland Chinese guests are expected to decline further.
