The net loss shrank to HK$720 million ($93 million) in the 12 months ended Oct. 2 from a HK$1.3 billion loss a year earlier, according to a statement distributed in Hong Kong today. Park attendance increased 13 percent to 5.2 million visitors, boosting sales 19 percent to HK$3 billion.
The fact that a significant increase in percentage of the attendance were from mainland China should be worrisome for the future of this theme park. One can't help but expect that the about-to-be-built Shanghai Disneyland will inevitably draw away a large percentage of the current guests from Hong Kong Disneyland. I don't know how these two can exist and survive without one devouring the other.