HONG KONG (AP) — Hong Kong’s Disneyland theme park inched closer to profitability last year as higher visitor numbers and hotel occupancy rates helped it sharply narrow losses.
The theme park reported a net loss Tuesday of 237 million Hong Kong dollars ($30.5 million) on revenue of HK$3.6 billion. That’s down by two-thirds from a HK$718 million loss in 2010.
Some 5.9 million people visited the park last year, 13 percent over the year before. Hotel occupancy rose to 91 percent, 9 percentage points higher than in 2010.
Disney executives said that the first phase of an expansion area, which opened in November, helped boost attendance.
The park opened in 2005. It’s a joint venture between The Walt Disney Co. and Hong Kong government, which owns a majority stake.
Copyright 2012 The Associated Press.