Hong Kong Disneyland again reports loss

Hong Kong Disneyland has announced a loss for 2016, its second loss-making year in a row, losing $22 million, official results showed on Monday.

Visitor numbers at the Lantau Island park dropped more than 10 per cent to 6.1 million last year according to the results.

Chinese mainland tourists only accounted for 36 per cent of total visitors, down from 41 per cent in 2015, the South China Morning Post reported.

The theme park has posted losses in eight of the 11 years since it opened in September 2005, only recording profits at the peak of the city's tourism boom from 2012 to 2014.

Last year, the park lost 148 million Hong Kong dollars ($6 million), with visitor numbers at 6.8 million.

The number of mainland visitors dropped 21 per cent to 2.19 million last year, which Lau blamed on the mainland economic downturn and the Hong Kong dollar's strength against the Chinese yuan, the daily said.

Last year the Chinese economy grew at its slowest rate in 26 years, at 6.7 per cent.

--IANS

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