Yellowbox is an Australian technology company that has developed smart locker technology operated through an app with a focus on experience for users and facility managers. Found at Beaches, Aquatic…read more
Falling attendances leads to losses at Hong Kong Disneyland
Falling attendances and rising costs have led the Hong Kong Disneyland Resort to record a HK$148 million (US$19 million) loss for the fiscal year ended 3rd October 2015.
Now celebrating its 10th anniversary, the 2015 loss was the theme park’s first in four years having posted a profit of HK$332 (US$42 million) in the previous year.
Revenue fell by 6% on year to HK$5.11 billion (US$656 million) as attendance fell by 9% to 6.8 million compared with 7.5 million in 2014.
The hotel occupancy rate also dropped to 79% compared with 93% in 2014.
Costs and expenses made up of mainly labour, operating and support costs, costs of sales, and marketing and sales expenses increased by 2%, HK$94 million (US$12 million), to HK$4.3 billion (US$552 million).
Hong Kong Disneyland officials said the fall in attendances was impacted by the slowdown in the local tourism and leisure market – a phenomena experienced by attractions across Hong Kong which is experiencing a decline in visitors from mainland China.
Hong Kong’s theme parks have also been impacted by the anticipated opening on the Shanghai Disney Resort in June this year.
On a brighter note, Hong Kong Disneyland Resort reported improved per capita visitor spending and spending per room by guests and attendance by a record number of local visitors “as a result of a series of promotions and special offers.”
Locals accounted for 39% of the visitor total, while mainlanders made up 41%. International visitors made up 20%, the same as in 2014.
Earnings before interest, taxes, depreciation and amortisation was HK$805 million (US$103 million).
HK Disneyland said it will introduce a new themed area based on Marvel’s Iron Man franchise this year while a new 750-room resort-style hotel, Disney Explorers Lodge, is set to open in 2017.
Earlier this month, Hong Kong theme park Ocean Park announced that its visitor numbers dipped by 14% in 2015, slipping by over a million visits from 7.8 million visits.
Hong Kong Disneyland Resort is owned by Hongkong International Theme Parks, jointly owned by The Walt Disney Company (48%) and the Government of Hong Kong (52%).
Image: A young visitor meets Disney character Buzz Lightyear at Hong Kong Disneyland.
10th February 2016 - DRAMATIC DECLINE IN VISITATION SEES OCEAN PARK LOSE OVER A MILLION VISITORS IN 2015
5th February 2016 - DISNEY TO PRICE SHANGHAI THEME PARK TICKETS CHEAPER THAN HONG KONG
14th May 2015 - HONG KONG DISNEYLAND TO DEVELOP SCHOOLS PROGRAM
17th March 2015 - HONG KONG DISNEYLAND PROFITS RISE AS VISITOR GROWTH SLOWS
19th January 2015 - NEW DISNEY HOTEL UNDERLINES IMPORTANCE OF HONG KONG TOURISM
4th July 2014 - HONG KONG NEEDS NEW ATTRACTIONS AND VENUES
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
BioGuard is Australia and New Zealand’s most trusted supplier of premium, innovative and affordable commercial water treatment systems and chemicals. BioGuard offers a comprehensive range of…read more
We are the leading providers of kids fun multi-sports programs for Sport and Recreation Centres. Programs cover twelve common sports as well as Gross Motor Skill Development and suit children from as…read more
Hadley Australia and Series Australia Pty Ltd are the leading quality theatre chair manufacturers in the southern hemisphere. The businesses work closely with architects, interior designers and…read more
Hidroplay welcomes you to the exciting world of children's Playscapes, waterslide's and Water Attractions. Appealing to families, Hidroplay increases patronage in your facility during those…read more
Anti Wave International is the original suppliers of top performance swim, aquatic sports, leisure and pool programming equipment. Founded in 1971, Anti Wave International is proud of its…read more
Pico Play is a global leader in the planning, design, development and construction of world-class themed attractions and entertainment that deliver extraordinary and memorable experiences to millions…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!