Hospitality expert Dennis Wong Ka-wing, project manager of the Vocational Training Council, said he expected Hong Kong Disneyland to post better results next year, after the theme park saw revenue hit HK$5.7 billion for the 2022/23 fiscal year ending September, up a whopping 156 percent.
Hong Kong Disneyland Resort's net loss shrank 83 percent to HK$356 million last year as the Magic Kingdom recovers its sheen. With borders reopened last February and all anti-pandemic restrictions lifted last March, the theme park on Lantau turned profitable starting from last summer.
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Speaking on a radio program Wednesday morning, Wong said the theme park saw 6.4 million visitors coming through the turnstiles, up 87 percent and the highest local attendance since the park opened in 2005.
He said the jump in visitors could be the result of a lower increase in annual pass prices compared to single-entry tickets, attracting citizens to purchase annual passes and visit repeatedly.
Visitors' per capita spending also grew as a result of the theme park’s uniqueness, said Wong.
He noted that the new attraction World of Frozen only began operation in November last year and was not included in the 2023 performance, which could see the park posting better results in its next announcement.
Meanwhile, Wong said Hong Kong Disneyland now has eight themed areas after going through three expansions, reaching an ideal size for a theme park.
He said the park is not considered small, with visitors having to strategize to allow themselves time to explore all attractions within a day.
Compared to other Disney parks around the world, Hong Kong Disneyland can be seen as a condensed version, which can be considered a unique feature, he added.
