Hong Kong Disneyland achieves record high profit in Q1 this year

Hong Kong Disneyland Resort (HKDL) has reported its best quarterly revenue since opening in the first quarter of the year, driven by the launch of World of Frozen.

HKDL also announced its fiscal year 2023 results, with revenues rising to HK$5.7 billion, up 156%, EBITDA increasing to HK$924 million, a 207% improvement, and net loss decreasing to HK$356 million, an 83% improvement, for the nine months ended September.

The per capita spending of park attendance grew by 54%, while total attendance recorded 6.4 million, an increase of 87%. In addition, hotel occupancy for the year was 77%, with overall occupancy up 23 percentage points.

Michael Moriarty, the managing director of HKDL, said he is proud to be profitable in 2023, with the recovery in guest arrivals outperforming the overall tourism market in HK.