Hong Kong Disneyland has reported its highest net profit, revenue, attendance and EBITDA since opening in 2005.
The park on Lantau Island has shared its financial results for its fiscal year ending 28 September 2024, revealing it has returned to profit for the first time in 10 years.
Hong Kong Disneyland “delivered our strongest business performance in the resort‘s history”, said managing director Michael Moriarty.
It recorded a historic net profit of HK$838 million ($107m), representing a year-on-year growth of HK$1.2 billion ($154m).
EBITDA increased by HK$1.4 billion ($180m) to HK$2.3 billion ($296m), and revenue grew by 54 percent year-on-year to HK$8.8 billion ($1.1bn).
Total attendance reached a record high of 7.7 million guests.
“Achieving this level of success when market conditions were challenging is a true testament to the dedication of our cast and the connection our guests have to Disney,” Moriarty said.
“Worldwide attention” from Frozen land
“Hong Kong Disneyland remains a top tourism driver, and as the market fluctuates, we will remain agile and committed to providing innovative experiences and exceptional guest service.
“We are incredibly proud of our success and the strong contributions and positive impact to Hong Kong.”
In a statement, Hong Kong Disneyland said the launch of the world’s first Frozen-themed land attracted “worldwide attention”.
World of Frozen features two new attractions, as well as dining and retail experiences, and a unique interactive show featuring Anna, Elsa and Olaf.
“Following the successful launch of World of Frozen in 2023, and our current expansion plans with more Marvel-themed experiences and more new guest offerings in development, Hong Kong Disneyland has a solid pipeline for future growth,” Moriarty said.
This year, Hong Kong Disneyland is celebrating its 20th anniversary.
New experiences at Hong Kong Disneyland
“Hong Kong Disneyland Resort continues to be optimistic about its long-term potential,” Moriarty said.
“The achievements and strategies in fiscal year 2024 have reaffirmed Hong Kong Disneyland’s role as a leading international travel destination in Hong Kong and the Greater Bay Area, and has positioned the resort well for opportunities ahead.”
Images courtesy of Disney
