Monday, February 15, 2016

Hong Kong Disneyland Posts Declined Operating Results for 2015

© Hong Kong Disneyland
After posting several years of increased attendance and overall profits, Hong Kong Disneyland has reported decreased figures across the board for its calendar year 2015.

Blamed on a softening in the local tour and travel industry, Hong Kong Disneyland saw a 9% decrease in attendance to 6.8 million visitors in '15, down from 7.5 million in 2014.  Total revenues for the property also declined 6%, along with increased costs of 2% and lower hotel occupancy rates of 79% (from 93% the year before).  These results caused the park to post an overall loss for the first time in several years.

It must be noted, however, that this past year was the park's 10th anniversary and the first to take place after a series of expansions that added three new 'small' lands to the park and a major parade.  Despite all the decreases, the property still increased guest per capita spending and spending per room in '15.

The current year holds more promise for Hong Kong Disneyland, as a major Iron Man themed attraction is set to open in Tomorrowland.  Next year, in 2017, another resort will open on property featuring 750 rooms named the Disney Explorers Lodge.