Hong Kong Disneyland announced its financial performance for the fiscal year 2023, with a net loss of 356 million Hong Kong dollars, narrowing by 83% compared to the previous year, marking the ninth consecutive year of losses.
According to the financial report, as of the end of September last year, earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to 924 million Hong Kong dollars, more than doubling year-over-year. During the period, revenue reached 5.7 billion Hong Kong dollars, showing a 156% increase compared to the previous year, with a 54% growth in per capita spending. The hotel occupancy rate stood at 77%, with an overall occupancy rate increase of 23 percentage points to 47%.
Hong Kong Disneyland stated that total attendance for the fiscal year 2023 reached 6.4 million, an 87% increase year-over-year, with a record high of local visitors and a rebound in tourist numbers.
The theme park noted that with the resumption of inbound tourism in Hong Kong after the pandemic, its business strategies have paid off. The opening of new park areas has also accelerated the recovery, with the first quarter of this year witnessing the best quarterly performance ever.
Overall, the rebound in tourism and successful business strategies have contributed to the positive financial results for Hong Kong Disneyland in the fiscal year 2023.