Wednesday, August 10, 2011

Back from HKDL

Editor's Note: I was at Hong Kong and Macau last week and of course at Hong Kong Disneyland. The park looked great and I came back with lots of pictures that you will see very soon in my next updates. I was lucky with the weather which was fantastic, sunny with almost no clouds but as usual when it's sunny in this season it was hot! So, i came back pretty exhausted by the heat and as the Disney news will be low until D23 Convention D&M will be mostly in replay mode this week with interesting previous articles that you may have missed. Today's article, to celebrate the re-opening of WDW Tiki Room, is all about Disneyland's original Tiki Room version.

Also, Disneyland Paris, TDR and the WDC announced their latest financial results. In two words, Disneyland Paris is doing quite well and its revenues for the third quarter grew 6.7% over last year but no announcement of awaited new attractions was done, whether it will be the Ratatouille dark ride or Star Tours 2.


Marco Antonio Garcia said...

I'm glad that you had a good time in your recent trip.

About DLP, did it report a profit?
That's what I found about it on the internet:

Parks and Resorts

Parks and Resorts revenues for the quarter increased 12% to $3.2 billion and segment operating income increased 9% to $519 million. Results for the quarter were driven by increases at our domestic parks and resorts, Disney Cruise Line, and Hong Kong Disneyland Resort, partially offset by decreases at Disneyland Paris and Tokyo Disney Resort. The decrease at Tokyo Disney Resort was driven by the impact of the March 2011 earthquake in Japan which resulted in a temporary closure of the two parks and hotels and a continuing reduction in volume after reopening. Results at both our domestic and international parks and resorts reflected a favorable impact due to a shift in the timing of the Easter holiday relative to our fiscal periods.

Higher operating income at our domestic parks and resorts was driven by higher guest spending and, to a lesser extent, attendance, partially offset by increased costs. Increased guest spending reflected higher average ticket prices, daily hotel room rates and food, beverage and merchandise spending. Increased costs reflected labor cost inflation, higher pension and healthcare costs, marketing and sales for new guest offerings, and expansion costs for Disney California Adventure at Disneyland Resort.

Higher operating income at Disney Cruise Line was due to increased passenger cruise ship days due to a full quarter of operations for the Disney Dream, partially offset by the related incremental operating costs.

The improvement at Hong Kong Disneyland Resort reflected higher guest spending and attendance. Guest spending was driven by increased merchandise, food and beverage spending, and increased daily hotel room rates. The decrease at Disneyland Paris was due to a prior-year sale of real estate and increased costs which were driven by volume related costs, repairs and maintenance and labor cost inflation. These decreases were partially offset by increased guest spending which was due to higher average ticket prices and daily hotel room rates.

Allan said...

Glad you enjoyed HKDL. I am sure you will agree expansion is much needed. Hope WDC will continue to expand HKDL to California or Tokyo levels.