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Hong Kong Disneyland Cuts Losses, Repays Loan to Disney
With the last effects of pandemic-era restrictions still lingering, Hong Kong Disneyland enjoyed a surge in revenues and was able to cut its losses.
In a financial statement published nearly nine months in arrears, the Hong Kong Disneyland theme park revealed that its revenues in the year to September 2023 had more than doubled and that its losses had been slashed. Park operators said that Hong Kong Disneyland had also fully paid back the revolver credit facility funded by a subsidiary of The Walt Disney Company in Dec. 2023 and has not drawn on it thereafter. He described a challenging journey through the COVID-19 pandemic, as Hong Kong adopted some of the world s most stringent anti-disease controls, largely closed its borders and remained somewhat restricted for longer than most other territories.
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