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Hong Kong Disneyland Resort reports record results

Hong Kong Disneyland Frozen first render

Amid its ambitious expansion plans, Hong Kong Disneyland Resort has reported record high attendance, revenue and EBITDA for fiscal year 2018.

Annual attendance at the Hong Kong park reached 6.7 million, an increase of 8 percent from 2017.

International guest attendance at the park hit a record high for the second year, mainly down to strong visitation from Japan, South Korea and the Philippines.

Revenue rose 18 percent to HK$60 billion for the year ending September 29, 2018, while EBITDA increased 48 percent to HK$1.4 billion.

“This past year HKDL continued to strengthen its appeal as the ideal vacation destination,” said Stephanie Young, managing director of Hong Kong Disneyland Resort.

“Our strong entertainment lineup throughout the year, coupled with the launch of Moana: A Homecoming Celebration and the global debut of Cookie as a new character in the highly popular Duffy the Bear family, have enticed guests from all markets.”

Higher attendance and spending

Hong Kong Disneyland Ant Man Wasp Marvel

The rise in revenue and EBITDA was attributed to increases in occupied room nights at the resort hotels, park attendance and guest spending.

During 2018, per capita spending increased by 6 percent, representing nine years of continuous growth.

Elsewhere, hotel occupancy was up six percentage points to 75 percent, while Disney Explorers Lodge, which opened in April 2017, contributed to 44 percent growth in occupied room nights.

Record revenue and EBITDA reduced net loss by HK$291 million to HK$54 million, an 84 percent improvement from fiscal 2017.

“The launch of a new Marvel-themed attraction as part of a multiyear expansion and the addition of year-round entertainment offerings and products, along with the opening of the Hong Kong-Zhuhai-Macao Bridge and the High Speed Rail (Hong Kong Section), will allow us to continue our positive momentum,” added Young.

As part of Hong Kong Disneyland’s plans for a six-year HK$10.9 billion upgrade, the park will open Ant-Man and The Wasp: Nano Battle in March this year.

Images: Hong Kong Disneyland

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Bea Mitchell

Bea is a journalist specialising in entertainment, attractions and tech with 10 years' experience. She has written and edited for publications including CNET, BuzzFeed, Digital Spy, Evening Standard and BBC. Bea graduated from King's College London and has an MA in journalism.

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