Hong Kong Disneyland Resort Reports Record Financial Year
© EAP-Magazin
(eap) Hong Kong Disneyland Resort (HKDL) has announced the results for its past financial year 2024 (FY24, October 1, 2023 to September 28, 2024), reporting a record year in terms of net profit, EBITDA, revenue and attendance since the opening of the destination in 2005.
Net profit for the past FY24 reached HKD 838 million (approx. EUR 103 million) – an increase of HKD 1.2 billion (approx. EUR 147 million) compared to the previous year. EBITDA (earnings before interest, taxes, depreciation and amortization) improved by HKD 1.4 billion (approx. EUR 171.5 million) to a total of HKD 2.3 billion (EUR 282 million), revenue grew by 54 percent to HKD 8.8 billion (EUR 1.1 billion), and spending by park guests increased by an average of 28 percent. A total of 7.7 million visitors came to Hong Kong Disneyland in FY24 – also a record number, which is attributed to a strong increase in guest attendance particularly from mainland China and overseas. The hotel occupancy rate was 73 percent in the past financial year, an increase of 26 percent compared to the previous year. This strong business performance significantly improved the theme park resort’s cash flow by 28 percent, which in turn enables HKDL to accelerate loan repayments and invest in new guest experiences.
The resort, which is celebrating its 20th anniversary this year, will surprise its visitors with special event days and offerings to mark the “park birthday”, which are set to start in June. Current highlights in the experience offering include the “World of Frozen” themed area that opened at the end of 2023, and there will also be a new Pixar entertainment offering this year.
“HKDL delivered our strongest business performance in the resort’s history. 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. I’m thrilled to announce we will be kicking off HKDL 20th anniversary celebrations in June 2025, as we continue to bring new experiences to life,” says Michael Moriarty, Managing Director of HKDL, and continues: “HKDL 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. 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, HKDL has a solid pipeline for future growth.”
The additional spending in Hong Kong by all HKDL visitors (i.e. over and above the spending that would have been made in the absence of HKDL) amounted to HKD 21.6 billion (approx. EUR 2.65 billion) in the past financial year, according to the resort. In addition, around 9,000 people were employed during this period – a number that makes HKDL one of Hong Kong’s largest employers in the tourism and family entertainment industry.
Find out what results Europe’s theme and amusement parks are reporting for the past season and what investments are being made in the EAP Park Report, which will be published in EAP issue 2/2025 (available from March 3). ■
