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Hong Kong Disneyland reports profit drop as mainland tourists dwindle

By Li Yan (People's Daily Online)    13:56, February 21, 2017

Hong Kong Disneyland has posted negative profits as attendance by mainland Chinese tourists dropped last year, Hong Kong media reported on Feb. 20.

The park lost 171 million Hong Kong dollars ($22 million) in revenue for the 2016 fiscal year, which ended in September. That loss was $2.58 million larger than in the 2015 fiscal year.

An estimated 6.1 million people visited the park last year. That number is down from the previous year, when the park drew 6.8 million visitors and lost $1.9 million. Data showed that 2.19 million visitors from the Chinese mainland came to the park in 2016, down 20 percent from the year before.

Last November, the Walt Disney Company announced an expansion plan for the park, which has been criticized for being too small as early as the park's opening in 2005. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

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