Hong Kong Disneyland net profit hit record high

Hong Kong Disneyland Resort reported Monday that its net profit hit a record high last year, increasing 36 percent year on year to reach 332 million HK dollars (42.84 million U.S. dollars).

Thanks to a rise of per capita guest spending and an increase in visitor numbers, revenue rose 12 percent from one year earlier to 5,466 million HK dollars, said the Resort's Managing Director Andrew Kam.

"Following the successful expansion of the resort, it continued to enrich guest experiences through magical new entertainment experiences and classic Disney franchises and storytelling, which were key factors contributing to strong results," Kam said.

Last year, the Disneyland Resort welcomed a record number of guests as it intensified its efforts to develop the mainland and Southeast Asian markets.

The resort's attendance reached 7.5 million, bringing the cumulative attendance since park opening well past the 50 million mark.

"Results from the last five years have laid a solid foundation for the resort's continued growth," said Kam, "The three new themed areas -- Toy Story Land, Grizzly Gulch and Mystic Point -- have truly strengthened the appeal of the resort as a world-class tourist destination."

"As we look ahead, we will continue to bring more magical experiences to guests. We have a number of projects in the pipeline over the next two years, such as the resort's upcoming 10th anniversary celebration, Iron Man Experience and our third hotel -- Disney Explorers Lodge," Kam added.

He also said the scheduled opening of Shanghai Disneyland at the end of the year would not affect business in Hong Kong, as the two theme parks would serve different regions. Endi