Hong Kong Disneyland (HKD), the smallest Disney park out there, has reported a lost of HK$1.315 billion, or $169.4 million.
The paper that reported the news stated that: “We would like to point out that HKD is a long-term asset that grows over time and it is still in its early years of development.”
While the park itself has had financial losses, it has brought in over HK$30 billion for Hong Kong as a whole.
The park is currently undergoing a $468 million expansion which will hopefully allow it to compete more closely with the Disneyland planned for Shanghai, which is expected to be completed in 2014.
Source: www.reuters.com, Image Via Flickr
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This is not really surprising. I live in Hong Kong and the disney here really sucks. It’s so small, there aren’t many good rides and most of the space is used for stores and such.
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