Links Modular Solutions are a leading provider of high-quality, innovative software solutions for leisure facilities. Our software suite includes modules such as POS, Classes, Members, Facility…read more
Hong Kong Disneyland profits rise as visitor growth slows
Hong Kong Disneyland reported a HK$336 million (A$56.5 million) profit for the last financial year despite experiencing a slowdown in visitor growth.
The Resort, a joint venture between the Kong Kong Government and US-based Disney, achieved a profit rise, up by 36% on the previous year, which has been attributed to a rise in per capita guest spending trhough 2014.
Attendance at the attraction hit a record 7.5 million with a 12% increase in gross revenues of HK$5.47 billion.
Hotel occupancy was 93%, down from 94% the previous year due to renovations.
Commenting on the results, Hong Kong Disneyland Managing Director Andrew Kam, stated "three new themed areas - Toy Story Land, Grizzly Gulch and Mystic Point - and the recently-launched ‘Disney Paint the Night’ night time spectacular have truly strengthened the appeal of HKDL as a world-class tourist destination."
The Hong Kong park is 52% owned by the Hong Kong Special Administrative Region Government with The Walt Disney Company owning the remaining 48%.
In a separate joint venture Disney is currently building its first theme park in mainland China, in Shanghai. Opening of Shanghai Disney has recently been pushed back from a late 2015 start to an opening in the first half of 2016.
19th January 2015 - NEW DISNEY HOTEL UNDERLINES IMPORTANCE OF HONG KONG TOURISM
4th July 2014 - HONG KONG NEEDS NEW ATTRACTIONS AND VENUES
20th February 2014 - HONG KONG DISNEYLAND ANNOUNCES RECORD PROFITS, PLANS FOR THIRD HOTEL
4th March 2013 - HONG KONG DISNEYLAND TO EXPAND WITH MARVEL SUPERHEROES ATTRACTION
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