May 15 (Reuters) – Hong Kong Disneyland Resort (HKDL) said Monday its revenue is up 31% in 2022 as the number of domestic visitors to its attractions hit a record, helping the company mitigate the effects of pandemic-related restrictions shook off.
Revenue for the 52-week year ended October 1, 2022 grew to HK$2.2 billion ($280.29 million), with net loss narrowing to HK$2.1 billion from a loss of HK$2.4 billion a year ago, HKDL said in a statement. The total number of visitors reached 3.4 million, most of them from local tourists during the pandemic.
In fiscal year 2022, HKDL’s theme park was only operating for a total of about six months due to mandatory closures and weeks where it could only open five days out of seven.
HKDL said the theme park would review market conditions and adjust its operation to open six or seven days a week from mid-June to meet demand.
HKDL will reopen Disney’s Hollywood Hotel in mid-July, unveil the Walt Disney and Mickey Mouse “Dream Makers” statue in October and open its “World of Frozen” in November, it added.
($1 = 7.8489 Hong Kong Dollars)
Reporting by Twinnie Siu and Donny Kwok, edited by Louise Heavens