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.
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%.