HONG KONG - As Walt Disney readies to open its first Disneyland resort in mainland China by mid-year, its decade-old theme park in Hong Kong has tumbled back into a loss, portending challenges ahead amid the country's slowing economic growth, Bloomberg reported.
Hong Kong Disneyland recorded a loss of HK$148 million (S$27 million) in the year ending early October 2015, the first loss in four years after fewer Chinese tourists visited the city. The former British colony has already seen retail sales slump as fewer mainland Chinese tourists visit, hurt by a combination of China's slowdown, political unrest, and a weak yuan relative to the Hong Kong dollar that has dulled the city's attractiveness.
Here's a look at how Asia's other Disney theme parks are faring.
Hong Kong Disneyland
Opened: Sept 12, 2005
Visitor numbers: 6.8 million last year, down 9.3 per cent from the year before
Ticket prices: General adult entry fee is HK$539 (S$98); the park is planning to give discounts
Opening: June 16, 2016
Visitor numbers: 15 million people expected in the first year; projected yearly visitor numbers of 25 million to 30 million
Ticket prices: Peak period adult ticket costs HK$590 per day; HK$438 at other times
Opened: April 15, 1983
Visitor numbers: Traffic for the entire fiscal year expected to fall
3 per cent to 30.4 million for the fiscal year through next month. Attendance in 2013 and 2014 was up sharply, due to factors such as the park’s 30th anniversary and the launch of large attractions
Ticket prices: Starting from April 1 this year, adults will pay 7,400 yen (S$91) for a single-day ticket,
a 500-yen increase