Disney’s second theme park in Asia, Hong Kong Disneyland, is still struggling to gain traction in its market. They’ve just revealed the latest negative numbers in a string of years of negative numbers.
Disney’s troubled Hong Kong Disneyland theme park made a net loss of HK$1.315 billion last year while attracting 4.6 million visitors, in its first major admission of its financial performance since opening in 2005. (.via)
The park is the smallest in Disney’s collection, but those numbers are mighty pathetic. Hong Kong’s other theme park, Ocean Park, had 500,000 more visitors in 2008. The one good sign is that this represents a narrowing of the numbers by 16%. But 85% percent of a billion and a half is still a huge loss.
Just pointing out that the Hong Kong dollar is worth only about 12.8 US cents. So Hong Kong Disneyland’s HK$1.315 loss is only $168 million USD. Okay, that’s still not very good, but it sure sounds better than over a billion!
Oops. Meant to put that in, but forgot. Thanks for the human calculator impression.
Comments are closed.