Latest News

Back to Latest News back

 

Falling attendances leads to losses at Hong Kong Disneyland

Falling attendances leads to losses at Hong Kong Disneyland
February 17, 2016

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.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Polin Waterparks

Polin was founded in Istanbul in 1976, and has since grown into a leading company in the waterparks industry. Today Polin is one of the world leaders in the design, production, and installation of…

read more

Aquatics / Attractions / Play / Waterparks

 
 

ELITE POOL COVERS

Since 1989 Elite Pool Covers have designed and manufactured an extensive range of high quality affordable manual,semi-automatic and fully-automatic pool cover systems for the harsh Australian…

read more

Aquatics / Environment / Technology / Venues

 
 

CENTAMAN

Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…

read more

Access / Billing / Fitness / Technology / Ticketing

 
 

PRIAVA

About Priava's Technology -  Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…

read more

Attractions / Billing / Entertainment / Events / Technology

 
 

Mattioli

Mattioli provides award winning painting, flooring and waterproofing services to the aquatics and recreation sector. We’re recognised as the leading contractor in the industry with award-winning…

read more

Aquatics / Recreation / Safety

 
 

SUNBATHER

Solar Pool Heating & Swimming Pool Covers since 1974. Sunbather offer an Australian made product which undergoes continual development to enable you to trust in the Sunbather brand. We deliver a…

read more

Aquatics / Venues

 
 

Vticket

Vticket Pty Ltd is the Australian and New Zealand distributor for Gateway Ticketing Systems Inc., the world leader in high-speed access control, admission control and ticketing software for the…

read more

Attractions / Security / Technology / Ticketing / Venues

 
 

Aquaspin

AQUASPIN™ - Aqua Cycling Aquaspin™’s sessions have been specially designed by our Master Trainer to be challenging yet fun group cycling sessions. Each session is tailored to…

read more

Aquatics / Fitness / Recreation / Wellness

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business