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Hong Kong Disneyland Resort reports best ever results
Amid its ambitious expansion plans, Hong Kong Disneyland Resort has reported its highest attendance, revenue and EBITDA for fiscal year 2018.
Annual attendance at the Hong Kong park reached 6.7 million, an increase of 8% from 2017, partly driven by a rise in international guest attendance for the second year, mainly down to strong visitation from Japan, South Korea and the Philippines.
The theme park has reported that revenue rose 18% to HK$60 billion for the year ending 29th September 2018, while EBITDA increased 48% to HK$1.4 billion.
Commenting on the results, Hong Kong Disneyland Resort Managing Director, Stephanie Young stated “this past year HKDL continued to strengthen its appeal as the ideal vacation destination.
“Our strong entertainment lineup throughout the year, coupled with the launch of Moana: A Homecoming Celebration and the global debut of Cookie as a new character in the highly popular Duffy the Bear family, have enticed guests from all markets.”
The rise in revenue and EBITDA was attributed to increases in occupied room nights at the resort hotels, park attendance and guest spending.
During 2018, per capita spending increased by 6%, representing nine years of continuous growth.
Elsewhere, hotel occupancy was up six percentage points to 75%, while Disney Explorers Lodge, which opened in April 2017, contributed to 44% growth in occupied room nights.
Record revenue and EBITDA reduced net loss by HK$291 million to HK$54 million, an 84% improvement from fiscal 2017.
Young added “the launch of a new Marvel-themed attraction as part of a multiyear expansion and the addition of year-round entertainment offerings and products, along with the opening of the Hong Kong-Zhuhai-Macao Bridge and the High Speed Rail - Hong Kong Section, will allow us to continue our positive momentum,” added Young.
As part of Hong Kong Disneyland’s plans for a six-year HK$10.9 billion upgrade, the park will open Ant-Man and The Wasp: Nano Battle in March this year.
Image shows the launch of the Iron Man attraction at Hong KOng Disneyland. Courtesy of Hong Kong Disneyland.
18th February 2019 - Revenue rises but deficit remains at Ocean Park Hong Kong
4th February 2019 - Hong Kong Disneyland fosters family volunteerism
4th January 2019 - Hong Kong Disneyland changes retirement policy
14th December 2018 - Hong Kong Disneyland announces appointment of new Managing Director
20th August 2018 - Hong Kong leisure projects hit by building delays
17th March 2015 - Hong Kong Disneyland profits rise as visitor growth slows
4th March 2013 - Hong Kong Disneyland to expand with Marvel Superheroes attraction
28th November 2011 - Toy Story Land opens at Hong Kong Disneyland
27th January 2011 - Hong Kong Disneyland Reports Record Attendance
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