Hong Kong -- Disney's troubled Hong Kong Disneyland theme park made a net loss of Hk$1.315 billion ($169.4 million) last year while attracting 4.6 million visitors, in its first major admission of its financial performance since its opening in 2005.
During the four years of its operation, the theme park received 19 million visitors. In 2009, the number of visitors increased to 4.6 million from 4.5 million in 2008, but occupancy of the two hotels on park premises dropped to 70% in 2009 from 78% in 2008. Revenue also fell Hk$27 million, to Hk$2.541 billion in 2009 from Hk$2.568 billion the previous year, according to the Hong Kong Disneyland business review.
Although the company has not disclosed financial details of its first two years of operation, it noted a 2% year-on-year in attendance growth and double-digit growth for the first six months in fiscal 2009, until the first H1N1 influenza case was confirmed.
Local Hong Kong visitors accounted for 41% of the total attendance, while...
During the four years of its operation, the theme park received 19 million visitors. In 2009, the number of visitors increased to 4.6 million from 4.5 million in 2008, but occupancy of the two hotels on park premises dropped to 70% in 2009 from 78% in 2008. Revenue also fell Hk$27 million, to Hk$2.541 billion in 2009 from Hk$2.568 billion the previous year, according to the Hong Kong Disneyland business review.
Although the company has not disclosed financial details of its first two years of operation, it noted a 2% year-on-year in attendance growth and double-digit growth for the first six months in fiscal 2009, until the first H1N1 influenza case was confirmed.
Local Hong Kong visitors accounted for 41% of the total attendance, while...
- 1/19/2010
- by By Karen Chu
- The Hollywood Reporter - Movie News
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