The Straits Times
www.straitstimes.com
Published on Nov 30, 2012
 

Hong Kong Disneyland turns profitable: Report

 
 

HONG KONG (AFP) - Hong Kong's struggling Disneyland has posted its first profit since opening seven years ago thanks to an increase in mainland Chinese visitors, a report said today, as it considers opening new hotels.

The news will come as a welcome relief for the resort, which has battled below-forecast visitor numbers since opening in 2005, while doubts about its future have swirled since China gave permission for a park in Shanghai.

The Wall Street Journal report, which cited an unnamed person familiar with the park's financial situation, gave no details.

A Disney spokesman declined to confirm the report when contacted by AFP, saying the park's financial report will be released early next year.