Latest News

Back to Latest News back

 

Hong Kong Disneyland celebrates five years of operation

Hong Kong Disneyland celebrates five years of operation
September 15, 2010

Hong Kong Disneyland has celebrated the fifth anniversary of its operations, during which time it had attracted over 20 million visitors.

Managing Director Andrew Kam (pictured) told reporters at the theme park that tourists from China's mainland accounted for nearly 40% of Hong Kong Disneyland's visits each year.

Hong Kong Disneyland, the world's smallest Disney theme park, opened to visitors on 12th September 2005. Jointly developed by the Hong Kong government and Walt Disney Co., the theme park has suffered ongoing losses.

In January, Hong Kong Disneyland said it made a net loss of 1.315 billion HK dollars (US$169 million) in the fiscal year to 3rd October 2009. The park's operating loss before interest, taxes, depreciation and amortization was cut 57% year on year to 70 million HK dollars in the fiscal year 2009.

Speaking of the losses, Kam explained that it was natural for Hong Kong Disneyland, as a huge infrastructure project with huge investment, to have a long payback period saying Hong Kong Disneyland would have more tourists and income in the next few as a result of further expansion

Kam said he was very optimistic over the future of Hong Kong Disneyland, even by taking into consideration of possible competition from Shanghai's planning Disneyland.

"When we look forward, the park will continue to grow, particularly with our expansion."

Kam added that Hong Kong, as an international tourism destination, has its own advantages as many overseas tourists came to the city not only for the Disneyland, but also for other attractions such as gourmet and horse racing.

"As long as Hong Kong maintains its advantages, Hong Kong Disneyland won't have any big problems."

Hong Kong Disneyland's first major expansion since its opening is currently underway and is expected to be completed by 2014. At a cost of more than HK$6 billion it will include three new themed areas one of which will be themed around the movie blockbuster Toy Story.

Following the lead of the Paris Disneyland, the first Toy Story Playland in Asia will be an amusement area that imitates the movie.

Inside Paris' Toy Story Playland, visitors are able to explore toy owner Andy's toy-fantasy world. A giant model of astronaut Buzz Lightyear stands at the entrance to welcome guests, while Woody and his pals are revived from the film, at a larger-than-life scale.

The attraction also features rides themed around events from the movie series.

Hong Kong Disneyland's Toy Story Playland is expected to open before the end of 2011. 

2nd July 2009 - FIVE-YEAR EXPANSION PLAN FOR DISNEYLAND HONG KONG


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

Jonas Leisure

Jonas Software operates over 110 independently managed software brands around the world, providing them with the strategic guidance and financial security required to be leaders in their respective…

read more

Aquatics / Billing / Fitness / Recreation / Sport

 
 

Smart Connection Consultancy

Smart Connection Consultancy is a boutique sport and recreation consultancy who has become one of Australia’s leading advocates for the use of synthetic sports surfaces as a vehicle to grow…

read more

Consultants / Recreation / Sport / Surfaces

 
 

METRA Australia

With industry leading solutions in design and durability you can improve your facilities with our access control operations, payment systems and flexible personal locker storage solutions. Your…

read more

Aquatics / Attractions / Fitness / Recreation / Security

 
 
 

AlphaFit

AUSTRALIAN MADE. FIT FOR PURPOSE. Based on the Gold Coast, AlphaFit is a leading manufacturer and supplier of Australian gym equipment specifically for the commercial, strength and conditioning,…

read more

Fitness / Recreation / Sport / Technology / Wellness

 
 

revolutioniseSPORT

revolutioniseSPORT is the emerging market leader in online club management in Australia. Whether it is memberships, registrations, events, online sales or governance tools - revolutioniseSPORT is the…

read more

Recreation / Sport / Technology

 
 

Pricemark Pty Ltd

Pricemark supplies a wide range of custom branded membership & RFID access products for the Health & Leisure Industry. 

read more

Access

 
 

TPEC Pool Enclosures

TPEC Pool Enclosures provide a large range of premium commercial and residential retractable swimming pool, spa and terrace enclosures throughout Australia, servicing residential, local government…

read more

Aquatics / Design / Recreation / Venues

 
 
 
 

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