Disneyland Still In Red, But Losses Narrow

Hong Kong Disneyland has recorded its fourth annual loss in a row. But the theme park narrowed its net losses significantly to HK$54 million, from HK$345 million in its previous fiscal year.

Disneyland follows the American financial year system which runs from October to September.

There were some bright spots for the park's annual figures as the company’s revenue for the fiscal year rose to HK$6 billion and it has seen an 8 percent increase in its annual attendance.

Disneyland managing director, Stephanie Young, said she believes a surge in Guangdong visitors with the opening of the cross-border high speed rail and mega-bridge, have contributed to their better business performance.

She added that the resort will leverage on the Greater Bay Area initiative and launch tailored products for the markets there.

Young said the theme park plans to provide special discounts for people in the Greater Bay Area and plan campaigns to highlight the close location of the park to the port area of the Zhuhai-Macau bridge.