China News Service, Hong Kong, March 21 (Reporter Han Xingtong) Hong Kong Disneyland Resort (Hong Kong Disneyland) announced its 2021 fiscal year results on the 21st. Hong Kong Disneyland has recorded losses for seven consecutive years, but last year's net loss was compared with the previous fiscal year. It narrowed by 12% to 2.4 billion (HKD, the same below).
Hong Kong Disneyland said that in the past year, Hong Kong's inbound tourism was still at a standstill due to the impact of the epidemic, making tourist attractions including Hong Kong Disneyland continue to face a challenging business environment.
In fiscal year 2021, in response to the relevant epidemic prevention requirements of the SAR government and the impact of the epidemic on business, Hong Kong Disneyland's theme parks will be closed for about 40% of the year, and the services of the resort hotels have also been adjusted.
Even in the face of various challenges, Hong Kong Disneyland's total attendance rebounded to 2.8 million in fiscal 2021, a 64% increase from the previous fiscal year.
Local guest attendance increased by 117% compared to the previous financial year, a record high.
Among them, the number of local youth admissions hit a record high.
Hong Kong Disneyland's full-year business revenue in fiscal year 2021 increased by 19% year-on-year to 1.7 billion yuan.
Earnings before interest, tax, depreciation and amortization improved by 34% to negative 970 million yuan, and net loss also narrowed by 12% compared with the previous financial year to 2.4 billion yuan.
After adjusting for available guests, hotel occupancy in fiscal 2021 was 77%, compared to just 34% in the previous fiscal year.
Mok Wai-ting, chief executive of Hong Kong Disneyland Resort, said that as inbound tourism gradually recovers in the future, Hong Kong Disneyland remains cautiously optimistic about the outlook.
He believes that the park has favorable conditions and can benefit from the improvement of market conditions and the recovery of inbound tourism in the future.
Hong Kong Disneyland will carefully assess the business, including the ongoing impact of the epidemic, and review strategies and expansion and development plans.
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