Hong Kong Disneyland announces financial results for fiscal 2023, revenue of HK$5.7 billion - Chinese media

Hong Kong Disneyland Resort (hereinafter referred to as Hong Kong Disney) announced its financial results for the 2023 fiscal year (October 1, 2022 to September 30, 2023) on the 25th.
The company said it expects revenue of HK$5.7 billion (US$1.1 billion) for fiscal year 2023, up 156% from the same period last year, with a net loss of US$356 million.
During the same period, the total number of visitors to Hong Kong Disneyland increased by 87% year-on-year to 6.4 million. The average spending per person also increased by 54%. The occupancy rate of the resort's hotels was 4.
The figure was 7%, up 23 percentage points from the previous year. Hong Kong Disneyland saw a recovery in visitor numbers as border restrictions were relaxed in 2023 and travel to and from overseas resumed.
On the other hand, the "World of Frozen" area, themed on the animated film "Frozen," opened in November 2023 and gained popularity.
In the first quarter of 2024 (January-March), Hong Kong Disneyland achieved its highest profit ever (based on quarterly accounting standards). Since its opening in 2005, Hong Kong Disneyland has generated approximately HK$129.6 billion (approximately JPY2.66 trillion) in direct and indirect income.
yen) to the Hong Kong economy.