Revenue of Hong Kong Disneyland will drop to HK $1.4 billion in 2020, down 76% year on year From Disney financial report
The following is the Revenue of Hong Kong Disneyland will drop to HK $1.4 billion in 2020, down 76% year on year From Disney financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.
Hong Kong Disneyland Resort (hereinafter referred to as “Hong Kong Disneyland”) said on the 17th that its revenue in the 2020 financial year fell 76% to HK $1.4 billion. It has been losing money for six consecutive years since 2015. According to the performance data released by Hong Kong Disneyland on the same day, the profit before interest, tax, depreciation and amortisation in the financial year 2020 was minus HK $1.5 billion and the net loss was HK $2.7 billion.
There was no parallel in history. Novel coronavirus pneumonia was hit by the new year’s pneumonia epidemic in Hongkong, Disney said. Hong Kong Disneyland theme park is closed for about 60% of the whole financial year, and the park hotel can only maintain limited services.
The number of Hong Kong local visitors to Hong Kong Disneyland is not enough to make up for the significant drop in the number of overseas visitors. Hong Kong Disneyland has 1.7 million entrants in the financial year 2020, down 73% year on year; Per capita consumption decreased by 18% year on year; Hotel occupancy fell 59 percentage points to 15% year on year.
Since the resumption of Hong Kong Disneyland on February 19, 2021, Hong Kong people have responded positively and the number of entrants has continued to rise. The number of members of the park’s annual ticket “wonderful everywhere” has reached an all-time high since the launch of the annual ticket in the financial year of 2011.
“Even though our whole society has faced many challenges in the past year, the park team can still flexibly adjust its operation, increase its income in innovative ways, and strive to ensure the employment of colleagues.” Mo Weiting, chief executive of Hong Kong Disneyland, said he was optimistic about the future of the park, and the recovery of Disney’s business is an important part of the recovery of Hong Kong’s tourism industry.
Since its opening in 2005, Hong Kong Disneyland has been committed to contributing to and serving Hong Kong society, bringing about HK $113.7 billion in added value to Hong Kong economy and creating more than 270000 jobs in the same period.
Disney financial report: net loss of $2.832 billion in fiscal year 2020, net profit of $11.054 billion in the same period of last year Disney financial report: the number of Disney visitors in fiscal year 2019 decreased by 2% Disney financial report: Q2 financial report of 2017, net profit of $2.388 billion, an increase of 11% over the same period of last year Disney financial report: over 100 million Disney streaming media subscribers in fiscal quarter Q3 of 2020 Disney financial report: 2016 In Q3, Disney made a profit of US $2.597 billion. Dragged down by Shanghai Disneyland, Disney promoted the development of Shanghai’s tourism industry, with more than 11 million tourists a year. Disney: in April 2021, Disney + had 103.6 million subscribers. Facing Amazon, Disney and other rival streaming media giants, does it lose its position? In 2018, Disney’s total box office revenue was 7.3 billion, and marvel contributed more than half of the total. By July 2019, Disney’s global box office reached 7.67 billion US dollars. More than 40% of Disney’s subscribers in 2018 came from the United States. Tea: in 2016, the tourist flow of Disney’s 13 theme parks declined. Disney: in 2019, Disney’s total box office exceeded 10 billion US dollars In the first month of its launch, doniu Disney + gained 4 million subscribers on the mobile terminal, with a revenue of US $55 million
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