HONG KONG — In sharp contrast with the long-running success story that is Tokyo's Disneyland and DisneySea, the Hong Kong version is struggling.
After facing harsh criticism over its opaque business operations, Hong Kong Disneyland, the second of the storied theme parks in Asia after Tokyo Disney Resort, finally released its financial results Jan. 19, the first time it has done so since the park opened in September 2005.
The results were grim. The Magic Kingdom is still losing huge amounts of money after four years, posting a net loss of 1.32 billion Hong Kong dollars (¥15.3 billion) in fiscal 2009 and HK$1.57 billion (¥18.3 billion) in fiscal 2008.