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February 9, 2017

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Shanghai Disney eyes over 10m visitors

By Yang Jian | February 9, 2017, Thursday | Print Edition

THE Shanghai Disney Resort has received around 7 million visitors since its opening in June, which will help the park break even this fiscal year, senior officials said yesterday.

The Walt Disney Co reported on Tuesday that net profit for its fiscal first quarter ended on December 31 dropped 14 percent to US$2.48 billion from a year earlier. Quarterly revenue shrank 3 percent to US$14.78 billion.

But the opening of Shanghai Disney Resort and improved results at both Disneyland Paris and Hong Kong Disneyland helped growth at the international parks unit, said Christine McCarthy, Disney’s chief financial officer.

Robert Iger, its chairman and chief executive officer, said: “One of our biggest success stories in 2016 came from Parks and Resorts, with the opening of Shanghai Disneyland.”

He said the Shanghai Disney Resort could potentially exceed 10 million visitors by the park’s first anniversary.

“The park’s rapidly growing popularity, its extremely high levels of guest satisfaction and the huge attendance during Chinese New Year add to our confidence in the resort’s ability to reach break-even in this fiscal year,” Iger said.

He said other growth areas came from the US entertainment giant’s studio, which had three global hits, including “Rogue One: A Star Wars Story.”

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