Hong Kong Disneyland posts record revenues

BTN News
Tuesday, 19 February 2019

Hong Kong Disneyland Resort (HKDL) has reported record high revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) for fiscal year 2018.

Revenue rose 18 per cent to HK$6 billion for the year ending  29 September 2018. EBITDA jumped 48 per cent to HK$1.4 billion. The robust growth in revenue and EBITDA was attributed to increases in room nights at the resort’s hotels, park attendance fees and guest spending. 

Annual attendance reached 6.7 million, up eight per cent from the prior year. Across-the-board growth was seen in local, mainland China and international markets, which accounted for 40, 34 and 26 per cent of total attendance respectively. 

International attendance hit a record high for the second year in a row, mainly fuelled by strong visitation from Japan, South Korea and the Philippines. 
Since the park opened in 2005, total cumulative attendance has exceeded more than 77 million. 

During the year, per capita spending increased six per cent, representing nine years of continuous growth. Hotel occupancy was up six percentage points to 75 per cent. Disney Explorers Lodge, which opened in April 2017, contributed to 44 per cent growth in occupied room nights.

Record revenue and EBITDA reduced the net loss by HK$291 million to HK$54 million, an 84 per cent improvement from fiscal year 2017. 
“(for the period) 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 enticed guests from all markets. Additionally, innovative initiatives to capture new opportunities were launched, including our first-ever large-scale outdoor concerts, and the signature 10K Weekend running events, which have broadened our guest base for the park and hotel

Hong Kong Disneyland posts record revenues

BTN News
Tuesday, 19 February 2019

Hong Kong Disneyland Resort (HKDL) has reported record high revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) for fiscal year 2018.

Revenue rose 18 per cent to HK$6 billion for the year ending  29 September 2018. EBITDA jumped 48 per cent to HK$1.4 billion. The robust growth in revenue and EBITDA was attributed to increases in room nights at the resort’s hotels, park attendance fees and guest spending. 

Annual attendance reached 6.7 million, up eight per cent from the prior year. Across-the-board growth was seen in local, mainland China and international markets, which accounted for 40, 34 and 26 per cent of total attendance respectively. 

International attendance hit a record high for the second year in a row, mainly fuelled by strong visitation from Japan, South Korea and the Philippines. 
Since the park opened in 2005, total cumulative attendance has exceeded more than 77 million. 

During the year, per capita spending increased six per cent, representing nine years of continuous growth. Hotel occupancy was up six percentage points to 75 per cent. Disney Explorers Lodge, which opened in April 2017, contributed to 44 per cent growth in occupied room nights.

Record revenue and EBITDA reduced the net loss by HK$291 million to HK$54 million, an 84 per cent improvement from fiscal year 2017. 
“(for the period) 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 enticed guests from all markets. Additionally, innovative initiatives to capture new opportunities were launched, including our first-ever large-scale outdoor concerts, and the signature 10K Weekend running events, which have broadened our guest base for the park and hotel