HK Disneyland losses continue

Local | 20 Feb 2017 6:36 pm

Hong Kong Disneyland has recorded a net loss for a second consecutive year, but its management remains optimistic about business would improve in the coming years.

The theme park lost HK$171 million last year – about HK$20 million more than the year before. Fewer visitors came to the park last year too, dropping by 10 percent.

Its executive director Samuel Lau said the park faced headwinds from market softness last year, still it generated a revenue of HK$4.8 billion. International visitors increased.

"The future is bright. We have seen recently an uptake in improvement of our business," Lau told a news conference. "We are going to continue to roll out new products, to drive our attendance growth."

Commenting on Shanghai Disneyland, Lau said: "China is a big enough market to be able to accommodate both parks."

Hong Kong Disneyland has only been in the black for three of the 11 years it has been operating.-RTHK

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