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Michael Moriarty
Hong Kong
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Coronavirus
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Michael Moriarty
Hong Kong
city Hong Kong
Losses Deepen at Hong Kong Disneyland as Virus Keeps Theme Park Closed for Seven Months
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variety.com
variety.comPatrick Frater Asia Bureau ChiefReporting results fully seven and a half months after the fact, Hong Kong Disneyland Resort said that it lost nearly $1 million per day last year.
For the financial year to September 2020, theme park and hotel revenues were $185 million. Net losses reached $341 million (HK$2.66 billion).The global coronavirus pandemic meant that the theme park was closed for some 60% of the financial year.
The park’s hotels were open longer, but operated at minimum safe levels. Management described the turmoil as: “a year of unprecedented uncertainty and challenges to the global tourism industry.”“These numbers do not provide a meaningful reference of our future potential,” said MD Michael Moriarty.
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