Hong Kong Disneyland profit drops 36% to HK$536 million as costs rise, visitors fall
Hong Kong Disneyland reported a 36% drop in annual profit, falling to HK$536 million due to rising operating costs and a decline in visitor numbers. The theme park faced challenges from weaker tourism and increased expenses, impacting its financial performance. Company officials cited macroeconomic conditions and regional competition as contributing factors.
- ▪Hong Kong Disneyland's annual profit dropped 36% to HK$536 million.
- ▪Rising operating costs and a decrease in visitor numbers contributed to the financial decline.
- ▪The park attributed the performance to weak tourism, regional competition, and broader economic conditions.
- ▪Management noted that attendance and revenue were below the previous year's levels.
- ▪The company is exploring strategies to boost visitation and control expenses.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.