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Hong Kong Disneyland reports huge annual losses
By Luke Tuchscherer
Hong Kong Disneyland has reported losses of HKD 1.32bn (£104m, US$170m, 119.5m euro) for the year ending October 2009.
The results are an improvement on the HKD1.57bn losses in 2008, but the attraction has continually struggled to hit targets since opening in 2005.
Sales dropped 1 per cent to HKD2.54bn, but attendance rose 2 per cent to 4.6 million visitors.
Park officials have blamed the economic crisis and the swine flu epidemic for the results.
As previously reported in Leisure Opportunities, work has begun on the US$452m (£283m, 314m euro) expansion of the park.
The expansion will include three themed areas - Grizzly Gulch, Mystic Point and Toy Story Land - and is due to be completed in 2014.
Hong Kong Disneyland has reported losses of HKD 1.32bn (£104m, US$170m, 119.5m euro) for the year ending October 2009.
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