Hong Kong Disneyland Slips Into Loss

Hong Kong Disneyland
Courtesy of Hong Kong Disneyland

Hong Kong Disneyland, Disney’s first theme park in Greater China, last year lost US$19.1 million (HK$148 million) following a drop in Chinese visitor numbers.

In 2015 it welcomed 6.8 million visitors, compared with 7.5 million in 2014. Revenues in 2015 were $659 million (HK$5.11 billion,) compared with US$705 million (HK$5.47 billion) in 2014

The park said that the figures represented the second-highest annual revenues and third-highest annual attendance in its ten year history. The park also achieved record guest spending, marking six consecutive years of per capita guest spending growth.

The biggest problem was a drop in visitor numbers from mainland China and the Asia region, a problem felt by Hong Kong as a whole, which also saw tourist numbers fall. Locals accounted for 39% of total attendance, while mainland and international visitation made up 41% and 20%, respectively. Hotel occupancy was close to 80%.

Disney is on course to open its Shanghai Disneyland in June this year, which some analysts see as a threat to Hong Kong.

Andrew Kam, MD of Hong Kong Disneyland, however, played down the impact from Shanghai and said that demand for theme parks in Asia is still growing.

Hong Kong Disneyland is owned by Hongkong International Theme Parks Limited, which is a joint venture between the Hong Kong Special Administrative Region Government and a subsidiary of The Walt Disney Company. As of the end of fiscal 2015, the Hong Kong Special Administrative Region Government owned a 53% majority interest in the joint venture, with The Walt Disney Company owning the remaining 47%.

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  1. Rex says:

    I know plenty of Hong Kong residents who are ECSTATIC at any possibility of a reduction in the number of tourists from mainland China, with their unearned sense of superiority and their filthy habits caused by DECADES of living in near-squalor (not that that has changed much, really). Hong Kong people got to enjoy their own Disneyland LONG before mainlanders, so even if it closes in the long run, it’s no great loss as it means fewer ill-mannered, unrefined mainlanders polluting their city.

    • ajaj says:

      HK’ers always maintained a superiority complex toward darker skinned people while groveling before the Brits who were lords and masters of their colonized subjects. Ah, the good old days!

  2. willy says:

    HK always feels that it is more superior than mainland Chinese, that was before but now China is rising so HK is not that special any more. After all, China is a country and HK is just a city.

    • Rex says:

      Hong Kong IS “more superior than mainland Chinese”. The only reason it’s not that special any more is because dirty mainlanders have infiltrated the place with their disgusting habits, lack of manners, pathetic governmental system, and laughable nouveau-riche superior attitudes coming from a country that gave them NOTHING for nearly 60 years, and killed them by the millions. Hong Kong was, is, and always will be superior to China, which is only popular these days as the manufacturer’s of stuff designed and innovated everywhere else on earth except China.

  3. Graeme says:

    The HK Disneyland has several issues. It has a fraction of the attractions other Disney parks offer; on the positive, it also has less of a wait time issue as other Disney parks. It closes fairly early, 8:30pm. It is also quite expensive, almost $70 for a one day adult ticket, $50 for a 3-11 yr old ticket. Considering the limited availability of rides and attractions, compared to other Disney parks, this park is deficient in value.

    The local amusement park, Ocean Park, is much easier to get to, is less expensive per visit, and has more rides. Ocean Park also offers live animal attractions, and despite being on 2 levels, seems to be a larger property. I know from my experience, I would rather spend the day at Ocean Park than at Disney, and I love Disneyland and Walt Disney World.

    Both parks tend to be overrun by Mainland Chinese, which for some locals is a deterrent. Both parks must deal with steamy hot temperatures from late April to October, yes, even steamier than Orlando in the summer!

    • Rex says:

      PERFECT point about these parks being overrun by mainlanders. That’s the problem all over Hong Kong these days, so any opportunity to reduce their numbers — while letting them think it’s because Hong Kong’s just not that popular anymore — is an opportunity not to be missed! Let them go choke on the air up in Beijing and Shanghai or one of the “great cities” where they make the world’s crap. Or maybe they can go to that Fake Disneyland they built several years ago if it’s still in business. Fakery is just about the only thing they’re good at thanks to 60 years of horrendously misguided government!

  4. That’s because they are all over in the States visiting Disneyland and Disney World

  5. Paully says:

    Not enough E ticket rides/lands.. It can’t compete with Tokyo DisneySea/Disneyland. Tokyo DSea has a full size volcano with Captain Nemo’s Nautilus docked ( in front of a Chinese Restaraunt ). It is to die for..

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