Date
22 August 2017
The number of visitors to Hong Kong Disneyland Resort rose 1 percent to a record 7.5 million last year.    Mainlanders accounted for 48 percent of the visitor traffic. Photo: HKEJ
The number of visitors to Hong Kong Disneyland Resort rose 1 percent to a record 7.5 million last year. Mainlanders accounted for 48 percent of the visitor traffic. Photo: HKEJ

Hong Kong Disneyland posts record profit

Hong Kong Disneyland saw net profit jump 36 percent to a record HK$332 million last year, the Hong Kong Economic Journal reported Tuesday.

Revenue rose 12 percent to HK$5.46 billion as the number of visitors grew 1 percent to 7.5 million, both record highs, the newspaper said.

The resort, however, will not share the profit with the Hong Kong government, its shareholder, based on existing agreements. 

Instead, the gains will be reinvested in the resort’s new theme park and hotel, and also used to fund the night carnival which opened last October, managing director Andrew Kam Min-ho said.

Mainland Chinese remained the resort’s major customers, accounting for 48 percent of the visitor traffic, up 1 percentage point from 2013.

Local residents and international travelers accounted for 32 percent and 20 percent, respectively. The proportion was roughly the same as in the previous year.

Kam expects demand from mainland Chinese to remain high as incomes rise and the country steps up its urbanization drive.

Translation by Vey Wong

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