Hong Kong Disneyland Theme Park Reduces Losses, Awaits ‘Frozen’ Land
variety.comPatrick Frater Asia Bureau Chief The Hong Kong Disneyland theme park managed a 22% increase in visitor numbers in its most recent financial year allowing it to modestly reduce its annual losses.
The park, which is jointly owned by the Hong Kong government and Walt Disney, with the government holding a narrow majority, reports a financial year to the end of September – and does so more than seven months in arrears.
It has been loss-making for the past eight financial years and has made profits in only three years since its opening in 2005.
The 2021-2022 financial year was again complicated by the city’s strict anti-COVID restrictions. It was fully closed for three and a half months (longer than the previous financial year) and operated under other social distancing and pandemic measures.
Read more on variety.com