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China tourists push Hong Kong Disneyland to record profit of $39m

Published on Feb 17, 2014 6:16 PM

HONG KONG (AFP) - Hong Kong Disneyland on Monday reported a record profit last year buoyed by an increasing number of tourists from mainland China and said it would build a third hotel in the theme park to meet demand.

The once-struggling park said profit more than doubled to HK$242 million (S$39.3 million) in the last fiscal year that ended September, compared with US$14.06 million (S$17.7 million) in the same period of 2012, with a record attendance of 7.4 million visitors.

It said the increase in attendance was largely due to more mainland tourists visiting.

"Asia is experiencing strong economic growth. Disposable income around Asia is improving and that has stimulated the tourism industry within Asia," Hong Kong Disneyland managing director Andrew Kam told a news conference.

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