Hong Kong Disneyland records 36% drop in profit despite higher hotel occupancy, guest spending

“Hong Kong Disneyland Resort has recorded a 36 per cent drop in net profit in its latest fiscal year, although other figures, including hotel occupancy rate and guests’ per capita spending, trended upwards. Hong Kong Disneyland on May 15, 2023. Photo: Kyle Lam/HKFP. The theme park announced its results for its 2024-25 fiscal year, ending in September 2025, on Monday. Amid rising costs, Disneyland saw a net profit of HK$536 million, down from HK$838 million in the 2023-24 fiscal year. The park’s attendance was also down, from around 7.7 million to 7.5 million, while the hotel occupancy rate improved. The resort has three hotels – Hong Kong Disneyland Hotel, Disney’s Hollywood Hotel and Disney Explorers Lodge. The overall occupancy rate rose from 73 per cent during the last fiscal year to 80 per cent, the park said. Per capita spending also increased by 2 per cent, the statement said. Hong Kong Disneyland on May 15, 2023. Photo: Kyle Lam/HKFP. “Our steady performance is a testament to the resort’s resilience and timeless appeal,” Tim Sypko, managing director of Hong Kong Disneyland Resort, said in a press release on Monday. The park is set to expand with the addition of new Pixar- and Marvel-themed experiences. The new Pixar attractions will coincide with the animation studio’s 40th anniversary and the upcoming release of Toy Story 5 . Opened in September 2005, Hong Kong Disneyland Resort had struggled to turn a profit for nearly a decade before turning the ship around in the 2023-24 fiscal year. Before that, it had suffered nine consecutive years of losses. The park had three years of steep losses of over HK$2 billion from the 2019-20 fiscal year to the 2021-22 fiscal year amid the 2019 protests and unrest, followed by the Covid-19 pandemic. The park relies heavily on tourists. For the 2024-25 fiscal year, 64 per cent of visitors were inbound guests, while the remaining were local. Hong Kong Disneyland Resort is currently celebrating its 20th anniversary, with festivities to continue until early June.

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