Overview
- Hong Kong Disneyland, which reported results Tuesday, said net profit fell 36% to HK$536 million for the year ending last September.
- Revenue slipped 1.35% to HK$8.69 billion and attendance edged down 2.5% to 7.5 million from the prior year’s record.
- Per-guest spending rose about 2% and hotel occupancy reached roughly 79%, with EBITDA at HK$1.989 billion.
- Management tied the profit drop to higher wages, 20th anniversary expenses and depreciation from recent projects, alongside more outbound travel by locals and severe weather.
- The resort said it has repaid all shareholder loans and will roll out new draws including Pixar Summer Fest on June 12, a robotic Olaf, a new Pixar stage show next year and a Marvel expansion.